[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 206 KB, 670x715, E284B8E9-C65C-45B7-946E-D0B0707C43A1.jpg [View same] [iqdb] [saucenao] [google]
15836046 No.15836046 [Reply] [Original]

The precious metals Desk at JP Morgan Chase on September 16, 2019, was criminally charged by the U.S. Department of Justice with being a criminal enterprise for approximately eight years in its manipulation of the prices of gold, silver, and other precious metals. The head of that desk and two other precious metals traders were charged with racketeering under the RICO statute which was originally passed to target organized crime.
The Justice Department said that the traders and their co-conspirators “conducted the affairs of the desk through a pattern of racketeering activity, specifically, wire fraud affecting a financial institution and bank fraud.”
https://www.justice.gov/opa/pr/current-and-former-precious-metals-traders-charged-multi-year-market-manipulation

>> No.15836077

>>15836046
damn. so does this confirm PM price suppression?

>> No.15836143

>>15836077
Nobody can’t be sure but
This is very bullish for precious metals

>> No.15836145

>>15836046
this is old news, pm is still tanking tho

>> No.15836157

>>15836145
>tanking
Jesus Christ you're fucking retarded.

>> No.15836168
File: 336 KB, 819x394, 869830A0-9323-4358-847F-C5E8C4707CE6.jpg [View same] [iqdb] [saucenao] [google]
15836168

>>15836046
Ok but how does this affect LINK?

>> No.15836210
File: 488 KB, 1497x1141, BA276271-1D90-44C0-9A66-410B400D7C3B.jpg [View same] [iqdb] [saucenao] [google]
15836210

>>15836046
https://youtu.be/wLqH12A9UT0

this happened last year and will keep happening, no way these guys rat on the top, they’re just fall men. Top executives will never get pinned for shit even though they were the ones who taught them how to manipulate.
Been saying this forever now, we moon when the market makers finish stacking and acquire some more mining companies. Only way we ingnite is when (((they))) start the countdown.
Just keep accumulating with them and be thankful you know what you know now about the metals suppression ponzi scheme and these fugazi prices

>> No.15836500

>>15836210
Back off the meth you’ve gone full tinfoil jacket
It’s all down to the FED . Once they reversed course on interest rates the PM market ignited. Now QE has started up again (aka repo operations ) the bull market will continue its inevitable move to $10-20 000 an oz.

>> No.15836760

>>15836046
if they are suppressing the silver price so much
1) where are the proofs?
2) why the don't cash out now?
3)what if inflation is deflationary?
4) why warren buffet major allocation in portfolio is made by banks?

>> No.15836770

>>15836210
If you want justice, visit their children and grand children in their class rooms and put a .223 in their heads

>> No.15836824

3)what if recession is deflationary?

>> No.15836846

>>15836143
>This is very bullish for precious metals

yeah for sure, you boomers are looking at 10, maybe 20% GAINS!

kek

>> No.15836855

>>15836046
I'm too dumb t understand how they are doing this. Bottom line what shoul a brainlet buy?

>> No.15836866

>>15836500
wow anon thank you so much had no idea it was the FED and that they started QE what an insightful post

>> No.15836879

>>15836866
Fucking reddit teir post you have to go back faggot

>> No.15836928
File: 80 KB, 812x1024, 2530E64F-90F5-47E5-B787-859AF461D4F9.jpg [View same] [iqdb] [saucenao] [google]
15836928

>>15836879
absolute state of this board

>> No.15837297

>>15836046
>I dont feel so good goyi-..

>> No.15838111

>>15836168
You may find this very hard to believe but the silver chart and link chart are very similar

>> No.15838157

>>15836846
Understand that it’s not about gains it about preserving your wealth it’s an edge against governments
Precious metals will rise when people will start to loose confidence in government and its happening January 18th 2020 There will be a LAST correction in prices before the bullrun.
Remember: THE MAJORITY HAS TO BEE WRONG

>> No.15838225

>>15836846
>t. Down 86% on his shit coins

>> No.15839066

>>15838157
the majority is screaming at crash

>> No.15839465

>>15836770
Stop trying to kill four channel you glowniggy.

>> No.15839506

>>15836046
anon this happens like every year. Deutsche Bank and some other big bank already had to pay fines for manipulating the PM market before. they just pay a couple of mill and keep raking in billions its just cost of doing business.

>> No.15839972

>>15839506
ding ding ding
winner

>> No.15840197

>>15839066
so there will be no crash juste a correction
U.S stock market and U.S dollar will be at records high after the correction

>> No.15840531

>>15836046
gold will end up near 0 anyway because zoomers are too stupid to figure out how to use it in factories and shit or they don't care about it