“ JPMorgan to pay $920 million for manipulating precious metals, treasury market….”
JP Morgan has been found guilty of manipulating the PM markets at least five occasions, along with other bullion banks….$$$ billions in fines over the years…
Yet they continue to do so, why?
Many suggest our government allows the corruption due to its need for Silver in the military weapons industry. In any case, Silver is the most under valued metal in the world…..with the tons of silver current deliveries, I suspect default by the LBMA and Comex is near.
“I suspect default by the LBMA and Comex is near.”
In 2014 you predicted $5,000 gold was very near. Your predictions are worthless.
“Many suggest our government allows the corruption “
Makes no sense. The GOVERNMENT fined them $920 million.
They consider it the cost of doing business. Here's a recent example of the wrist slap fines that get handed down...this after the LME retroactively cancelled $12B in trades as nickel prices spiked.