AI
China, Russia and India All Prepare To DUMP the DOLLAR in Global Trade!
41,462 views The Money GPS
Published on Oct 31, 2018
https://www.youtube.com/watch?v=WPcL8t5B6vA
PRECIOUS-Gold gains on weaker dollar; U.S. election in focus
3 MIN READ
BENGALURU, Nov 7 (Reuters) -
Gold prices rose on Wednesday amid a weaker dollar, with investors waiting
for the outcome of U.S. midterm elections that could see Republicans lose
their grip on Congress.
https://www.reuters.com/article/global-precious/precious-gold-gains-on-weaker-dollar-u-s-election-in-focus-idUSL4N1XI05V?rpc=401&;
----
Ex-Morgan trader pleads guilty to rigging monetary metals, implicates
supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 22:09. Section: Documentation
How did that "exhaustive" investigation of the silver market by the U.S.
Commodities Futures Trading Commission miss this? How will the World
Gold Council and most monetary metals mining companies continue to miss
it?
How many more anti-trust lawsuits will this prompt?
Anybody seen Blythe Masters lately?
* * *
Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals
Markets for Years
By Hugh Son and Dan Mangan
CNBC, New York
Tuesday, November 5, 2018
An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S.
markets of an array of precious metals for about seven years -- and he
has implicated his supervisors at the bank.
John Edmonds, 36, pleaded guilty to one count of commodities fraud and
one count each of conspiracy to commit wire fraud, price manipulation,
and spoofing, according to a release today from the U.S. Department of
Justice:
https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guil...
Edmonds spent 13 years at New York-based J.P. Morgan until leaving last
year, according to his LinkedIn account.
As part of his plea, Edmonds said that from 2009 through 2015 he
conspired with other J.P. Morgan traders to manipulate the prices of
gold, silver, platinum, and palladium futures contracts on exchanges
run by the CME Group.
He and others routinely placed orders that were quickly canceled before
the trades were executed, a price-distorting practice known as
spoofing.
"For years John Edmonds engaged in a sophisticated scheme to manipulate
the market for precious metals futures contracts for his own gain by
placing orders that were never intended to be executed," Assistant
Attorney General Brian Benczkowski said in the release.
Of note for J.P. Morgan, the world's biggest investment bank by revenue:
Edmonds, a relatively junior employee with the title of vice president,
said that he learned this practice from more senior traders and that
his supervisors at the firm knew of his actions.
Edmonds pleaded guilty under a charging document known as an
"information."
Prosecutors routinely use them to charge defendants who have agreed to
cooperate with an ongoing investigation of other people or entities. ...
... For the remainder of the report:
https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-man...
http://www.gata.org/node/18596
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
41,462 views The Money GPS
Published on Oct 31, 2018
https://www.youtube.com/watch?v=WPcL8t5B6vA
PRECIOUS-Gold gains on weaker dollar; U.S. election in focus
3 MIN READ
BENGALURU, Nov 7 (Reuters) -
Gold prices rose on Wednesday amid a weaker dollar, with investors waiting
for the outcome of U.S. midterm elections that could see Republicans lose
their grip on Congress.
https://www.reuters.com/article/global-precious/precious-gold-gains-on-weaker-dollar-u-s-election-in-focus-idUSL4N1XI05V?rpc=401&;
----
Ex-Morgan trader pleads guilty to rigging monetary metals, implicates
supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 22:09. Section: Documentation
How did that "exhaustive" investigation of the silver market by the U.S.
Commodities Futures Trading Commission miss this? How will the World
Gold Council and most monetary metals mining companies continue to miss
it?
How many more anti-trust lawsuits will this prompt?
Anybody seen Blythe Masters lately?
* * *
Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals
Markets for Years
By Hugh Son and Dan Mangan
CNBC, New York
Tuesday, November 5, 2018
An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S.
markets of an array of precious metals for about seven years -- and he
has implicated his supervisors at the bank.
John Edmonds, 36, pleaded guilty to one count of commodities fraud and
one count each of conspiracy to commit wire fraud, price manipulation,
and spoofing, according to a release today from the U.S. Department of
Justice:
https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guil...
Edmonds spent 13 years at New York-based J.P. Morgan until leaving last
year, according to his LinkedIn account.
As part of his plea, Edmonds said that from 2009 through 2015 he
conspired with other J.P. Morgan traders to manipulate the prices of
gold, silver, platinum, and palladium futures contracts on exchanges
run by the CME Group.
He and others routinely placed orders that were quickly canceled before
the trades were executed, a price-distorting practice known as
spoofing.
"For years John Edmonds engaged in a sophisticated scheme to manipulate
the market for precious metals futures contracts for his own gain by
placing orders that were never intended to be executed," Assistant
Attorney General Brian Benczkowski said in the release.
Of note for J.P. Morgan, the world's biggest investment bank by revenue:
Edmonds, a relatively junior employee with the title of vice president,
said that he learned this practice from more senior traders and that
his supervisors at the firm knew of his actions.
Edmonds pleaded guilty under a charging document known as an
"information."
Prosecutors routinely use them to charge defendants who have agreed to
cooperate with an ongoing investigation of other people or entities. ...
... For the remainder of the report:
https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-man...
http://www.gata.org/node/18596
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
