JP Morgan Gold Rigging a Fraction of the Story | Chris Powell, GATA.org
Sep 20, 2019
Not only a strong end to the week for the monetary precious metals prices, but also a week that began with one of the most significant bombshell news items and criminal lawsuits filed against the often alleged silver and other precious metals market rigging bank, JP Morgan Chase.
The silver spot price closes the week at 18 fiat Federal Reserve notes per troy ounce, up about 50¢ on the week.
The gold spot price ran up thirty bucks an ounce closing right below $1,520 fiat Fed notes per ounce.
The spot platinum price finished flat for the week, right around the $950 mark.
While palladium hit a new nominal price high fiat Fed notes, closing around the $1,645 fiat dollar per troy oz mark.
Now to the week’s most crucial bullion-related headline,
JP Morgan’s Precious Metals Desk Was a Criminal Enterprise, U.S. Says
You can read more of our reaction in the link above.
Chris Powell of the Gold Anti-Trust Action Committee (GATA.org) drops by to discuss this US Department of Justice RICO criminal lawsuit against the Global Head of JP Morgan Precious Metals Trading Desk and other silver, gold, platinum, and palladium trading executives at the too-big to restructure bank.
We dig not only in the details of the train wreck that is JP Morgan in 2019 but also how disgraced the LBMA and CME Group's COMEX NYMEX are by association and public record documentation.
This bombshell lawsuit is just a fraction of the story to likely unfold.
Silver Podcast | Gold Podcast | Chris Powell of GATA.org https://sdbullion.com/blog/jp-morgan-gold-rigging-a-fraction-of-the-story-chris-powell-gata-org/