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Posted on 11/30/2025 7:32:05 AM PST by C210N
JP Morgan moved its entire Gold trading desk from New York to Singapore LAST THURSDAY!!!
What is going on???
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JPMorgan is more than just a big bankster. It holds the record for highest silver fines (spoofing and the like), to the tune of a $Billion. No matter, they steal much much more than that, so can easily afford it.
Now, they silently move their NYC gold ops to Singapore, out of the reach of US (aka, Trump) investigators.
I'm gonna be at the edge of my chair tomorrow with the market opening (Silver futures opens tonight at 6 PM, if they can still cool their operations).
One does not make a move like that without a lot of planning.
That said, I imagine the market moves towards the money.
The US Markets are all about debt; just look how it responds to whisper about rate cuts. It tells you all you need to know about the US economy.
bkmk
As long as it goes up it’s fabulous. The minute it stops going up, everyone cries foul
Too funny.
Watch
I searched using Chat GPT and here is their answer:
“There are recent stories about Singapore’s ambition to become a major gold/precious-metals hub and about growing demand/trading activity in Asia. But none of those stories provide evidence that JPMorgan has relocated its gold desk to Singapore. So the claim — as something ‘recent and confirmed’ — remains unsupported by credible sources.“
So, I would be skeptical about this story.
JPMorgan’s gold traders cheated other market players for years by “spoofing trades” or manipulating the price of precious metals to boost their profits, a former employee testified to a Chicago federal jury Tuesday.“Our job was to do whatever it takes to make money,” former trader John Edmonds said in a court case accusing three of his former colleagues of committing systematic fraud. “Everyone at the time did it on the desk and it worked.”
JPMorgan’s former global head of the precious metals trading desk Michael Nowak, precious metal trader Gregg Smith and hedge fund salesman Jeffrey Ruffo have been charged by the Justice Department with racketing and conspiracy charges and are now on trial for the crimes.
Source: JPMorgan gold traders used ‘spoof’ deals to cheat for years: ex-employee NY Post, 13 July 2022
And convictions....
Nowak was convicted on 13 other charges including fraud, spoofing and attempted market manipulation, and Smith was convicted on 11 charges. Ruffo, who was only charged with racketeering and conspiracy, was acquitted of both. All three men had pleaded not guilty.
Source: Ex-JPMorgan traders cleared of racketeering, found guilty of fraud Reuters, 11 August 2022
Asians have no faith in crypto or most paper currencies. They put whatever surplus funds they have into personally held gold and silver.It drives their governments crazy because it takes capital out of the economy.Either banks involve themselves in gold and silver or their profits decline. They can’t make high interest loans if people don’t keep their savings as cash on deposit in the bank. Better business for the bank to be a defacto gold and silver broker than being a moribund loan maker.
There are a few of here in the West who feel the same.
Are we sure this move is true, I just googled to check, and I don’t see any indication that a move happened. I do see a lot of past articles about JP Morgan’s Precious Metals Trading desk being a rogue outlaw organization.
Other than a 2–3-minute video on the internet done by someone who I have no idea who he is, what confirmation do we have that this is a real thing.
I’m not saying it’s not real, I would like additional confirmation before jumping on the bandwagon.
It’s on the internet. It has to be true.
Maybe they took an expensive junket to have a meeting, business as usual.
I guess you’re right, we have nothing to counter the video so it must be true....
“J.P. Morgan Research estimated gold to exceed $2,500/oz by the end of 2024, and its current predictions forecast that gold will reach $2,600/oz in 2025.”
https://finance.yahoo.com/news/jpmorgan-predicts-2-600-gold-123019073.html
[2010]
“China is also now the largest gold producing nation in the world”
These are my notes from the youtube:
- 50+ traders and their families were told to move to Singapore in just a few days.
- JPM last week sold 4 billion worth of physical gold, which was the biggest physical delivery since 2008
- Singapore has no gold import tarrifs
- JPM’s private bank is located in Singapore
- BRICs governments have sold 93B in US treasuries last week
Smart money knows things before the people do. Something is up, maybe an actual audit of Ft Knox? Or, more likely, they are escaping possible fraud charges. JPM has been fined a lot in the past for shenanigans.
“As long as it goes up it’s fabulous. The minute it stops going up, everyone cries foul
Too funny.”
Huh?
Nothing has gone down in precious metals. Silver hit a record high on Friday after trading was halted for several hours overnight due to a “cooling outage”.
Welcome to what passes for news in 2025.
At a time where skepticism about reported "facts" should be at an all-time high, people seem to be more gullible than ever.
Or maybe they're not truly being gullible. They're knowingly parroting untrustworthy stuff simply because it confirms their own biases.
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