GATA
New Orleans 2019

Morgan's 'spoofing' isn't the big manipulation GATA has pursued, but we'll take it for now

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6:43p ET Wednesday, September 18, 2019

Dear Friend of GATA and Gold:

Delighted as we all may be with this week's news -- the new indictments of JPMorganChase employees involved with the gold market, the U.S. Justice Department's designation of the investment bank as a criminal enterprise, and the prospects of more indictments -- GATA has to admit a couple of things about the situation.

Robert Lambourne: BIS gold swaps rose in August but still lower than last year

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By Robert Lambourne
Wednesday, September 18, 2019

The July and August statements of account for the Bank for International Settlements indicate that the bank has continued to engage in gold swaps this summer. The BIS uses swaps and other gold derivatives to gain access to gold held by commercial banks.

Federal prosecutors, commodity regulators broaden manipulation probe beyond metals

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Will there be enugh tinfoil hats to go around?

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By Dan Mangan
CNBC.com, New York
Wednesday, September 18, 2019

Federal prosecutors and regulators are expanding their already aggressive investigations of allegedly fraudulent precious metals trades at J.P. Morgan Chase to other U.S. markets and financial firms, CNBC has learned.

Pam and Russ Martens: Will Jamie Dimon finally lose his job over racketeering charges?

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9:54p ET Tuesday, September 17, 2019

Dear Friend of GATA and Gold:

Pam and Russ Martens of Wall Street on Parade today take note of the latest indictments at JPMorganChase & Co. and itemize the corruption and criminality of the investment bank under the chairmanship and chief executiveship of Jamie Dimon.

... Dispatch continues below ...


Indictments for rigging suggest two factions in U.S. govt., GATA chairman says

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8:04p ET Tuesday, September 17, 2019

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed today by Paul Eberhart of Silver Doctors, speculated that the increasing indictments of JPMorganChase personnel for gold market rigging suggest that there are two factions in the U.S. government, one superintending the rigging and one fighting it.

As monetary metals price suppression fails, you may want The Calandra Report

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9:40a ET Tuesday, September 17, 2019

Dear Friend of GATA and Gold:

With infinite money and currency devaluation now being the policy of many central banks, the prospects for the monetary metals mining industry will be spectacular as central bank commodity price suppression policy fails from exposure by GATA and others.