The author, like most others, is seemingly afraid to call it like it is... and gives incredible deference to an undeserving JP Morgan. But, that is how it must be played: pretend, pretend, pretend to avoid retaliation.
It has all become "an insider's game." Balance sheets of financial institutions and of soverign nations are all nearly all so fake as to make Enron's books look squeaky clean.
It is all "extend and pretend," as the Central Bankers and the large international banks that control them keep the music going and as the huge international Ponzi scheme rolls on.
Oops! Typo! “soverign” = “sovereign”
Well, there are some renegade globalist groups of shorters, but it looks like they’re losing. They’ve actually kept some commodities prices down a little, so the future looks generally bright for those who do enough study before getting in.
[I’m not a qualified investment advisor, and commodities can be risky. So do quite a bit of research, and get some good advise from professionals before buying commodities.]
It’s the derivatives game that these disgusting bankers play.
Every market in the world is rigged and always has been to a great degree. That is the nature of speculation. Without it there would be no markets.
Ping.
Soros.
.
And look what happened next. He is the victim of a hit and run car accident. From a news report:
A London-based precious-metals trader who had accused JPMorgan Chase of manipulating the gold and silver markets was involved in a bizarre weekend car accident that triggered a police chase before the suspect was nabbed.
Andrew Maguire, a metals trader at the London Bullion Market Association, and his wife were traveling in their car when a second car coming out of a side street struck their vehicle. That car then hit two more vehicles before fleeing.
London cops using helicopters and patrol cars chased the hit-and-run driver before nabbing that person, whose name has not been released by authorities. Read more:
http://www.nypost.com/p/news/business/jpmorgan_chase_story_in_uk_DsMN4PnXFoQG5KdevIsQ7N#ixzz0jdRcmJY0
To generalise about commodities mkts as 'rigged', though, is simply idiotic at this time. BECAUSE no one knows the depths of idiocy that the current US regime intends to plumb, no one -- NO ONE -- can say that other futures mkts are rigged, with the obvious exception of US debt futures. They're staying bid, to some extent, for awhile. A year from now, I think it INarguable that US debt futurs, particularly the long end (that's 30-year bonds and 10-year notes for all our non-trader FRiends here) will be 5, 8, 10, 14 or so handles LOWER (1 handle equals 1 'point', that is, from 115-00 to 114-00 on these instruments is one handle).
Given the current regime, does ANYONE suppose that US debt auctions will be as well bid during the next year as they have traditionally been? If you believe so, I'd (in a very friendly way, of course) suggest you consult your physician about upping your dosage of anti-psychotic meds.
Many of the conservative talk radio hosts are pushing for listeners to buy gold, but isn’t it a little late to do so?