He became chief executive at the end of 2005. Read More, 09.21.22- A Silver Lining in the Metals Market: Read More, 07.25.22- The #1 Long-Term Indicator for Gold Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. [35] In the interim, JPMorgan Chase agreed to guarantee all Bear Stearns trades and business process flows. Golds Best Year Ever AND THIS FAIR COMEX INCREASEOCCURRED WITH OUR RISE IN PRICE OF $4.00 IN GOLD PRICING WEDNESDAYSCOMEX TRADING. [118], In September 2022, the company announced it was acquiring California-based Renovite Technologies to expand its payments processing business amid heavy competition from fintech firms like Stripe and Ayden. The Fed announced the previous week that its balance sheet is in negative equity. THE BANK IS PROTECTING ITSELF IN CASE OF COMMERCIAL FAILURE, ALSO INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD//BIG CHANGES IN GOLD INVENTORY AT THE GLD: /////A DEPOSIT OF 1.16 TONNES INTO THE GLD//, WITH NO SILVER AROUND AND SILVER DOWN 2 CENTS, AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE DEPOSIT OF 4.513 MILLION OZ INTO THE SLV, INVESTORS ARE SWITCHING SLV TO SPROTTS PSLV. part 560; the Sudanese Sanctions Regulations ("SSR"), 31 C.F.R. [53] Chase has acknowledged that as many as 6,000 active duty military personnel were illegally overcharged, and more than 18 military families homes were wrongly foreclosed. Instead, thegold price has fallen roughly $100/oz. Massive gold-futures dumping erupted as the US dollar shot parabolic on the most-extreme hawkish Fed pivot ever, crushing gold stocks. Thomas Woods, It's been [89] years since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. the Fed Starts Cutting Rates [26], In the 1930s, J.P. Morgan & Co. and all integrated banking businesses in the United States were required by the provisions of the GlassSteagall Act to separate their investment banking from their commercial banking operations. 02.12.2022 09:38. Precious metals as well as industrial metals have had a decent run over the last months, but none of them has started as low as silver has, which might turn out to be an opportunity for traders. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. [168], The derivatives team at JPMorgan (including Blythe Masters) was a pioneer in the invention of credit derivatives such as the credit default swap. The fear and greed index is an important tool that measures sentiment in the financial market. [101], In December 2016, 14 former executives of the Wendel investment company faced trial for tax fraud while JPMorgan Chase was to be pursued for complicity. . Read More, Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. Read More, 12.02.22- Newmont: The Bottom Is In For Gold I have often written about the importance of the Gold to S&P 500 ratio. Our global writing staff includes experienced ENL & ESL academic writers in a variety of disciplines. Jay Taylor, 09.01.22- Eurasian alliance plans a Moscow World Standard to destroy LBMAs monopoly in precious metals pricing Arkadiusz Sieron, PhD. WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF OCT.. 2 bank overcharged troops on mortgages", "J.P. Morgan Chase to pay $27million to settle lawsuit over military mortgages", "JPMorgan Chase Mortgage Chief Leaving After Military Scandal", "JPMorgan dismisses mortgage head David Lowman", "Joint State-Federal Mortgage Servicing Settlement FAQ", "Mortgage Plan Gives Billions to Homeowners, but With Exceptions", "FERC, JPMorgan Unit Agree to $410 Million in Penalties, Disgorgement to Ratepayers", "Exclusive: JPMorgan subject of obstruction probe in energy case", "JPMorgan faces criminal and civil probes over mortgages", JPMorgan agrees to $13 billion mortgage settlement, JPMorgan to pay $13 billion in deal with US, "JPMorgan Chase to pay $264 million in fines for bribing foreign officials by hiring their friends and family", "U.S. sues JPMorgan for alleged mortgage discrimination", "U.S. accuses JPMorgan of mortgage discrimination in lawsuit", "SEC.gov | JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs", "Jeffrey Epstein victims sue several major banks", "Madoff trustee suit against JPMorgan Chase", "JPMorgan Wins Dismissal of $19 Billion in Madoff Trustee Claims", "Madoff said JPMorgan executives knew of his fraud: lawsuit", "J P Morgan Chase pays $1.7 billion and settles Madoff related criminal case", JPMorgan to pay $1.7bn to victims of the Madoff fraud, JPMorgan Faces Possible Penalty in Madoff Case, Chase to Acquire Collegiate Funding Services, "JPMorgan Chase completes acquisition of The Bank of New York's consumer, small-business and middle-market banking businesses", "JPMorgan buys British carbon offset company", "JPMorgan Buys Rest of Cazenove for 1billion Pounds", "Chase Acquires Local Offers Startup Bloomspot", "JPMorgan is buying UK robo-advisor Nutmeg to boost overseas retail banking expansion", "JPMorgan Chase buying spree set to be Jamie Dimon's biggest in years", "JPMorgan Agrees to Buy Share-Plan Software Company Global Shares", "J.P. Morgan completes takeover of Cork's Global Shares", "Why Jamie Dimon and Bill Gates have teamed up", "Hackers' Attack on JPMorgan Chase Affects Millions", "Hackers' Attack Cracked 10 Financial Firms in Major Assault", "JP Morgan sells commodity arm to Mercuria for $800 million", "JPMorgan Won't Back New Coal Mines to Combat Climate Change", "14 execs, JP Morgan Chase over tax fraud", "Ex-JPMorgan employee pleads guilty to $5 million fraud", "Jamie Dimon just said the exec many saw as his successor is leaving JPMorgan", Nigeria sues JP Morgan for $875 million over Malabu oilfield deal, JP Morgan says it knew ex-minister linked to firm in Nigeria oilfield deal, "JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business", "J.P. Morgan Chase Becomes First U.S. Bank With a Cryptocurrency", "Fidelity, Vanguard and JPMorgan accused of ignoring human rights", "JPMorgan to pay $920m in largest-ever spoofing settlement", "JPMorgan apologises for backing breakaway football Super League", "JP Morgan given lower sustainability rating after funding failed European Super League", "Super League? If enacted, it would be a significant step to restoring sanity to U.S. monetary policy. To invest in gold via futures and options, one needs an account with a reputable financial broker. the continued suppression of gold and silver prices. Demolition was completed in the spring of 2021, and the new building will be completed in 2025. THE EFPS ARE NOW BEING USED TO TAKE GOLD FROM THE COMEX. But even more interesting is the recent upturn in price and moving averages with some new higher highs. The CPI increased 1.3% in June, after rising 1% in May, according to theBureau of Labor Statistics. 9157, titled the Gold Standard Restoration Act, issponsoredby U.S. Representative Alex Mooney (R-W.Va.). Could gold's 200-day moving average become a technical level of support? THE CME RELEASED THE DATA FOREFP ISSUANCEAND IT TOTALED A FAIR SIZED 2422 CONTRACTS: The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 435.876. [141] These plans were subsequently suspended in December 2010, when the bank announced the purchase of a nearby existing office tower at 25 Bank Street for use as the European headquarters of its investment bank. The company also admitted breaking American securities law. Read More, 11.21.22- Investors Arent Buying the Feds Hawkish Posturing The exchange"s insolvency has triggered a further step down in crypto market values, with the total crypto market cap standing at $914 billion, down from over $3 trillion in November 2021. [195][196] a controversial breakaway group of football clubs seeking to create a monopolistic structure where the founding members would be guaranteed entry to the competition in perpetuity. 1799), Chase National Bankof the City of New York(est. Then she tells Yaxley:Read More, 07.26.22- Gold and the Upcoming Recession We have dedicated numerousarticlesandinterviewsaddressing the dangerous strength of the USD on the heels of a deliberately hawkish Fed hiking rates into what is clearly a recession, official or otherwise. This lets us find the most appropriate writer for any type of assignment. It has risen by 450% since 2000, having spent most of 1999 around $255. Palladium and platinum are the industrial precious metals, while silver is also a bit of a hybrid, half investment and half industrial metal, used in PVs and electronics. [7] JPMorgan Chase is considered to be a universal bank and a custodian bank. Will it finally change and the price of the yellow metal rise? Peter Schiff called it a silver lining that could indicate were near the bottom in the precious metals dip. ETFs and mutual funds are yet another viable way to invest in gold. If debt levels are rising, and the federal government has to pay interest on that debt, and theyre hiking the rate that affects how much they pay on that debtRead More, 11.04.22- Hedge funds will remain bearish on gold price until the Fed slows its pace of tightening An official stated that the situation was "grim" and Chase initially stated it would be refunding up to $2,000,000 to those who were overcharged, and that families improperly foreclosed on have gotten or will get their homes back. Now you can find out", "Company Overview of J.P. Morgan Europe Limited", "Bloomberg: JPMorgan to Move European Head Office to Canary Wharf", "JPMorgan sticks with London by buying Lehman HQ", "Wall Street's Omnibus Triumph, and Others", "JPMorgan Chase commits $20 million to support summer youth employment", "Top investment banks provide billions to expand fossil fuel industry", "JPMorgan Chase promises to shift portfolio away from fossil fuels", "JP Morgan economists warn climate crisis is threat to human race", "JPMorgan Apologizes for Links to Slavery", "From J.P. Morgan Chase, an Apology And $5 Million in Slavery Reparations", "Out With the Old Building, in With the New for JPMorgan Chase", "Global Corporate Bank | Global Capabilities", "JPMorgan to hire more than 3,000 people in new operations center in Poland", "OCC's Quarterly Report on Bank Trading and Derivatives Activities Fourth Quarter 2011", "As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them", "In Scrutiny of JPMorgan Loss, Bigger Questions Left Unanswered", "JPMorgan Reports Second-Quarter Profit and Will Restate First-Quarter Figures", "JPMorgan Trading Loss May Reach $9 Billion", "JPMorgan's Trading Loss Is Said to Rise at Least 50%", "Crony Capitalism: After Lobbying Against New Financial Regulations, JPMorgan Loses $2B in Risky Bet", "JPMorgan Discloses $2 Billion in Trading Losses", "JPMorgan makes $920m London Whale payout to regulators", JPMorgan Pays $920 Million to Settle London Whale Probes, "Spotlight: JPMorgan Chase Art Collection". Dr. Joseph Sansone, Governor DeSantis needs to immediately eject federal agents from the state of Florida. Arkadiusz Sieron, There is only one thing that could harm gold right now. Read More, 07.16.22- When the Dollar Breaks Down, THEY DO THIS TO AVOID POSITION LIMIT DETECTION. Edmonds claimed he learned how to spoof trades during his time at JPMorgan where he executed as many as 400 of the fraudulent trades he added it was expected of everyone on the desk. [34] The stock swap agreement was signed that night. Read More, 11.24.22- And Now, for Something Entirely Different: 2 Reasons Why Social Security Is Anything but Secure IT SEEMS THAT ARE BANKERS FRIENDS ARE EXERCISING EFPS FROM LONDON AND NOW THEY ARE LOATHE TO ISSUE NEW ONES. It looks like that is starting to change. SOMEBODY IS AFTER A HUGE AMOUNT OF GOLD. Wyckoff's Market Rating: 5.0. This report may be the most important data point of the month, if not the quarter. They fail to realize that the central bankwill not bend this inflation curve. With raging inflation also forcing costs higher, mid-tiers latest quarterly results reveal how they are actually faring fundamentally. The survivors would be left with an extremely low standard of living in a world in which none of us would want to live. Adam Hamilton, The gold miners stocks have been hammered to deeply-undervalued levels in recent months. Inflation peaked at 9.1% as gasoline prices surged to the highest level on record. And while the XAU hit bottom in late 2000 the real move higher for the penny dreadfuls didnt start until mid-summer of 2001. Enjoy millions of the latest Android apps, games, music, movies, TV, books, magazines & more. Namely, theEUR/USDclosed the week below the all-important 1 level. While inflation continues to wreak havoc, gold is reluctant to respond. Way back in 1982, two interesting things happened. Historically, gold prices tend to do well at a time when the fear and greed index is at the green area. Since the end of April financial markets have become increasingly volatile, seemingly no sector or asset class has been spared. This is especially true for precious metal investors, regardless of their riding or skating skills. Neils Christensen. [62] Various newspapers reported in September 2013 that the Federal Bureau of Investigation (FBI) and US Attorney's Office in Manhattan were investigating whether employees withheld information or made false statements during the FERC investigation. Around September 11 or after, Gold will attempt to reach this new Apex level near $1766. Egon von Greyerz. A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure. Mike Maloney, 09.08.22- Another Look At Silver Manipulation While most analysts and investors in the precious metals community focus a lot of their efforts on the COMEX and Manipulation, I believe we have much bigger problems ahead that deserve our attention. One little known fact about Russia is that its highest non-energy export is gold, exporting around $15 billion of gold bullion last year. The London location also serves as the European headquarters. Read More, 06.06.22- This Comprehensive Research on the Gold/Silver Ratio Gives Us a Big Fat Hint About Whats Ahead Read More, 11.29.22- China Moves One Step Closer to Dethroning the Dollar As warning signs for the economy mount, investors are cheering for more bad news. In the face of all objective and measurable conditions in the physical markets pointing to higher prices, instead prices have collapsed over the past six months by amounts comparable to the sharpest selloffs in history. JPMorgans gold traders cheated other market players for years by spoofing trades or manipulating the price of precious metals to boost their profits, a former employee testified to a Chicago federal jury Tuesday. Lawrence W. Reed, Architect of a school of economic thought regarded by many as just a notch above quackery, John Maynard Keynes of Britain once called the gold standard a barbarous relic. An honest and time-honored medium of exchange such as gold (or paper money redeemable in gold) stood in the way of Keynes snooty preference for lots of government spending and easy money. Read More, 10.21.22- Buying Dollars for Pennies with Westward Gold Comex trade in the gold contract was light, while in silver it was slightly better. JUMP TO LONDON OF 100 OZ//NEW STANDING 69.042 TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFPS WILL CONTINUE UNTIL MONTHS END), YET ALL OF..THIS HAPPENED WITHOUR GAIN IN PRICE OF$4.00WITH RESPECT TO WEDNESDAYS TRADING. THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL. [44], JPMorgan Chase, which helped underwrite $15.4billion of WorldCom's bonds, agreed in March 2005 to pay $2billion; that was 46 percent, or $630million, more than it would have paid had it accepted an investor offer in May 2004 of $1.37billion. [158] According to Rainforest Action Network its total fossil fuel financing was $64 billion in 2018, $69 billion in 2017 and $62 billion in 2016. Arkadiusz Siero. This comes on top of previous, similar moves of buying a 49% stake in fintech Viva Wallet and a majority sake in Volkswagen's payments business, among many other acquisitions in other areas of finance.[119][120][121]. Gold mining stocks appear very unloved at the moment. The lawsuit, which was filed on behalf of shareholders against Chief Executive Jamie Dimon and other high-ranking JPMorgan Chase employees, used statements made by Bernie Madoff during interviews conducted while in prison in Butner, North Carolina claiming that JPMorgan Chase officials knew of the fraud. Chinas Staatschef Xi Jinping hat Saudi-Arabien besucht. [21] In 1892, the company began to finance the New York, New Haven and Hartford Railroad and led it through a series of acquisitions that made it the dominant railroad transporter in New England. [185], The collection was begun in 1959 by David Rockefeller,[188] and comprises over 30,000 objects, of which over 6,000 are photographic-based,[189] as of 2012 containing more than one hundred works by Middle Eastern and North African artists. This was my dream job.. A stable entity retaining value through the up and down cycles over decades and centuries. this one contract was EFPd over to London. [184], On September 18, 2013, JPMorgan Chase agreed to pay a total of $920 million in fines and penalties to American and UK regulators for violations related to the trading loss and other incidents. 09.02.22- Gold Beats Inflation & Treasury Yields Too! [191] L. K. Erf has been the director of acquisitions of works since 2004 for the bank,[192] whose art program staff is completed by an additional three full-time members and one registrar. First resistance is seen at today"s high of $1,757.20 and then at $1,775.00. After falling to the extreme fear zone earlier in 2022, the index has recovered modestly to the greed area of 70. Rafi Farber, Its all starting to come apart at the seams, If you want to add to your silver stacks this week, its going to cost you at least a 40% premium. It doesnt matterhowyou ask, according to arecent FiveThirtyEight/Ipsos poll. IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4378 CONTRACTS TO 435,773 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT799,541AND PREVIOUS TO THAT:(SET JAN 6/2020) AT797,110. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. In the 1980s and early 1990s, Chemical emerged as one of the leaders in the financing of leveraged buyout transactions. Silver was almost unchanged at $18.89. Stock Waves at Elliott Wave Trader, The bottom is in for gold. However, the recession drums are getting louder, and gold likes such music. The new headquarters is part of the East Midtown rezoning plan. Read More, 08.29.22- The End Is Nearing: A World Turning Away From The Dollar, Gold Poised To Outperform Every Fiat Currency Gold has a unique appearance. JUMP TO LONDON///NEW STANDING 69.042 TONNES//. [173][174] Early reports were denied and minimized by the firm in an attempt to minimize exposure. These markets are many, many times bigger than the precious metals markets and to varying degrees have a great deal of influence on the prospects for Gold and Silver. J.P. Morgan & Co. chose to operate as a commercial bank. In Grossbritannien bahnt sich ein soziales Drama an: Mehr als 2 Millionen der schwchsten Haushalte des Landes knnten in diesem Winter das Geld ausgehen, so dass sie in kalten Wohnungen ohne Strom Ob die Brsen sich auf der Zielgeraden 2022 noch zu einer Jahresendrally aufschwingen oder eine harte Bremsung hinlegen - das liegt in der kommenden Woche in der Hand der grossen Notenbanken. A supply crunch may be inevitable, heres why Read More, 10.27.22- Bill Introduced in Congress to Restore Gold Standard The gold futures bulls and bears are back on a level overall near-term technical playing field. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00. On the surface, such central bank tightening in the face of a tanking economy and increasingly volatile risk asset markets makes little sense, as astrong USDand higher interest expense (i.e., interest rate policy) crushes just about every asset class in its wake, from an empirically broken bond market and grotesquely over-valued stock market to the artificially repressed precious metals space. [citation needed], Approximately 11,050 employees are located in Columbus at the McCoy Center, the former Bank One offices. an Account, Activate H.R. Jim Rickards. [61] FERC investigators further determined that JPMVEC knew that the California ISO and Midcontinent ISO received no benefit from making inflated payments to the company, thereby defrauding the ISOs by obtaining payments for benefits that the company did not deliver beyond the routine provision of energy. For the moment, the bills chances of passage are as nil as nil gets. Which raises a natural question: how does goldand all precious metals for that matterperform during these events? This action should be immediately followed by a special legislative session placing permanent restrictions on federal agents operating in the state of Florida. This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. 06.10.22- Houston, We Have a Stagflation Problem: Now Its Time for Gold! Read More, 11.11.22- The Best Way To Defend Your Savings [50][51] This was the largest corporate settlement to date. [142] 25 Bank Street had originally been designated as the European headquarters of Enron and was subsequently used as the headquarters of Lehman Brothers International (Europe). JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. And theres mounting evidence that we have a nascent crack-up boom. Peter Reagan, Gold will break out in 2023 (and maybe sooner), Analyst and investor Rick Rulespoke to Stockheadaboutgolds priceover the next 12 months. In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society. Its payment is the second largest in the case, exceeded only by the $2.6billion accord reached in 2004 by Citigroup. The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: A stagflationary decade could be the price we pay for three decades of moderation; going deep into the U.S. dollar situation; and Pradas recycling is mostly a story about golds eternal value. One reliable indicator over the years of an upcoming recession is an inverted yield curve. Password, My Futures are a contract in which one agrees to buy or sell the financial asset at the agreed upon price before the expiry of the contract. [17][18] At many points throughout this history, Chemical Bank was the largest bank in the United States (either in terms of assets or deposit market share). Gold is insurance against 'total control', 06.01.22- If History Repeats Itself, THIS Will Be the New #1 Asset, Historically high grocery, energy, and gas. The bank also admitted it improperly foreclosed on more than a dozen military families; both actions were in clear violation of the Servicemembers Civil Relief Act which automatically lowers mortgage rates to 6 percent, and bars foreclosure proceedings of active-duty personnel. 11.15.22- Inflation Comes Down, but Gold Surges Whats Going On? Chris Marcus. to which we add the difference between the open interest for the front month of OCT(94) and the number of notices served upon today 1 x (5000 oz) equals the number of ounces standing. Two years ago, theCOVID-19 pandemicplunged the world into aGreat Lockdownand the deepestrecessionsince theGreat Depression. Unlike other gold companies, Wheaton does not do the real mining. Read More. One of the best ways to invest in gold is through stocks. Dimon effected changes to make Bank One Corporation a viable merger partner for JPMorgan Chase. [32], Bank One Corporation, formerly First Bancgroup of Ohio, was founded as a holding company for City National Bank of Columbus, Ohio, and several other banks in that state, all of which were renamed "Bank One" when the holding company was renamed Banc One Corporation. THE GOOD SIZED INCREASE IN COMEX OICAME WITH OUR GAININ PRICE OF $4.00//COMEX GOLD TRADING/WEDNESDAY// MINIMAL SPECULATOR SHORT COVERINGS ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. Reuters.com is your online source for the latest world news stories and current events, ensuring our readers up to date with any breaking news developments Gold/Silver: Are you positioned for another Silver squeeze? But as playing conditions deteriorate across the bond, stock, property and currency markets, those with a three-play- ahead mindset will have the greatest advantage. Peter Reagan. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Wealth & Asset Management (primarily under the J.P. Morgan brand). First resistance is seen at 380.00 cents and then at 390.00 cents. Corporate and Investment banking (primarily under the J.P. Morgan brand). IDS sees 10% of their total registered silver transfer to eligible. Weve been reporting on the likelihood that Social Security will suffer from a series of setbacks in the 2030s forquitesometime. The company profited from the financing and purchasing activities of the two European governments. You cant sanction gold, whether you like it or not, Theres plenty to be said about the sanctions being imposed on Russia by the West. [54] At the company's 2011 shareholders' meeting, Dimon apologized for the error and said the bank would forgive the loans of any active-duty personnel whose property had been foreclosed. On September 16, 1920, a terrorist bomb exploded in front of the bank, injuring 400 and killing 38. Professional academic writers. ON A NET BASIS IN OPEN INTERESTWE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZEDTOTAL OF 6800CONTRACTS IN THAT 2422LONGSWERE TRANSFERRED AS FORWARDS TO LONDONAND WE HAD A GOOD SIZED COMEX OI GAIN OF 4378 CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR RISE IN PRICE OF GOLD$4.00//WE HAD SPEC SHORTS ADDING TO THEIR POSITIONS WITH BANKERS TAKING THE OTHER SIDE AS BUYERS OF COMEX GOLD CONTRACTS. Our job was to do whatever it takes to make money, former trader John Edmonds said in a court case accusing three of his former colleagues of committing systematic fraud. However, an assumption that the bull market will continue over the next eight years makes a surge of 50% viable. Robin Bromby. We will soon know but at least theGOLD CRYPTOdebate was settled last week for the ones who believed cryptos represent wealth preservation. We had1111 notice(s) filed today for 11100 oz FOR THE OCT. 2022 CONTRACT MONTH. That would be a 16% increase from 2021. Faith Maina is a financial analyst and economist. That value has been its stability as an asset, a refuge from the excesses of rampant speculation, the likes of which often visit stocks (e.g. As one who loves metaphor, I cant help but notice the recent and varying range of metaphorical macro warnings. [42] In 2003, Chase paid $160million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney's office. Stories include: Uncorrelated alternative assets arentjustfor bear markets, gold investors dont have to worry about inflation pulling back, and an ancient hoard of gold coins worth over $290,000 found in Britain. Its not very often you get to use the word guarantee and be right about it. we take the total number of notices filed so far for the month (21,689)x 100 oz , to which we add the difference between the open interest for the front month of (OCT 619 CONTRACTS) minus the number of notices served upon today 111 x 100 oz per contract equals 2,219,700OZOR 69.042 TONNESthe number of TONNES standing in this active month of OCT. thus the INITIAL standings for gold for the OCTcontract month: No of notices filed so far (21,689)x 100 oz+ (619) OI for the front month minus the number of notices served upon today (111} x 100 oz} which equals 2,219,700,ozstanding OR 69.045TONNESin this NON active delivery month of OCTOBER. Hello, and welcome to Protocol Entertainment, your guide to the business of the gaming and media industries. Jean-Bernard Lafonta was convicted December 2015 for spreading false information and insider trading, and fined 1.5 million euros. HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS OCT. ACCUMULATION FOR EFPS SILVER/JPMORGANS HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF OCT: TOTAL CONTRACTS for 11 days, total 51,147 contracts: 25.574 million oz OR 2.324MILLION OZ PER DAY. December silver futures prices hit a 4.5-month high today. - There Will Be No More Bank Bailouts' It took that long for investors to dip their toes back into the water. 1986)[88], ManufacturersTrust Company(est. Buying stocks with 1000% potential was easy. The most likely event will be reversal by the Fed of its monetary policy. The key outside markets today see the U.S. dollar index sharply down and hit a two-month low after the cooler CPI. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Top News. [186] The fines amounted to the third biggest banking fine levied by US regulators, and the second-largest by UK authorities. This heavy rock has been assigned value by humans since time immemorial. EXCHANGE: COMEXCONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURESSETTLEMENT: 1,670.300000000 USDINTENT DATE: 10/12/2022 DELIVERY DATE: 10/14/2022FIRM ORG FIRM NAME ISSUED STOPPED, 072 C GOLDMAN 1118 C MACQUARIE FUT 2323 C HSBC 85435 H SCOTIA CAPITAL 82657 C MORGAN STANLEY 7661 C JP MORGAN 18800 C MAREX SPEC 1 5905 C ADM 21, total number of notices filed so far this month 418 : for 2,090,000oz, Russia is a major supplier of silver to London while Mexico supplies the COMEX. ACCUMULATION OF EFPS GOLD AT J.P. MORGANS HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF OCT. : 24,748 CONTRACTS OR 2,474,800 OZ OR 76.87TONNES 11 TRADING DAY(S) AND THUS AVERAGING: 2249 EFP CONTRACTS PER TRADING DAY, TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 11 TRADING DAY(S) IN TONNES: 76.87TONNES, TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES, THUS EFP TRANSFERS REPRESENTS 76.87/3550 x 100% TONNES 1.95% OF GLOBAL ANNUAL PRODUCTION, ACCUMULATION OF GOLD EFPS YEAR 2021 TO 2022, JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN). The majority of experts however, oppose this idea on the ground that the gold standard is in fact a factor of instability. Question: what do you get when you combine a debt-based monetary system with soaring interest rates? We take a moment to dive into what he really thinks about bitcoin, try to understand why silver is below $20, and where the US dollar could be headed with the current global macro-environment. Read More, 11.17.22- Hi Ho Silver! of the Feds Tightening Tunnel As a reminder, we are talking here about monthly changes not so long ago, such levels were reserved only for annual inflation rates! Ive been addressing the war on cash lately, and for good reason. Frank Holmes. Novus Confidential like many others has written about a potential challenge to the wests unlawful gaming of the western precious metals market via the London Bullion Market Association (LBMA) among other entities* who comprise thewestern gold cartel: Russia is finally throwing down the gauntlet to those who collude with the (US government-condoned) criminal scam that is theLondon Bullion Market Association (LBMA)where criminal gaming of PM markets with cooperation of central banks and governmental approval by the LBMA is a component of the militarist empires rule. It shows a measure of golds abundance to silvers abundance, and golds scarcity to silvers scarcity. Read More, 07.09.22- The Precious Metals Sector Is Percolating For A Monster Move Higher Apollo Magazine, 22 Old Queen Street, London, SW1H 9HP. And amid all the headlines covering the market mayhem this year From stocks and bonds to energy and crypto I can forgive you if you havent been paying too much attention to silver. So, what this means for us is that our primary scenario is that metals have seen an important low and have begun a new uptrend. From the point of view of the typical American classroom, on the other hand, the incident may as well not have occurred. As of 2022[update], JPMorgan Chase is ranked 24 on the Fortune 500 rankings of the largest United States corporations by total revenue. [159] As of 2021 it is the largest lender to the fossil fuel industry in the world. [6] Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. [34] On Friday, March 14, 2008, Bear Stearns lost 47% of its equity market value as rumors emerged that clients were withdrawing capital from the bank. and COMEX registered stockpile The theoretical spot price is the price per unit at which a futures contract that matures in the current month (on the spot) changes hands. Microsoft pleads for its Activision Blizzard deal as UK regulator signals in-depth review. [59] The five banks were also required to comply with 305 new mortgage servicing standards. [emphasis added] Read More, 11.23.22- Silver Demand on Pace for Record Year Your favorite NYC restaurants not only escaped to Florida, they're expanding, Star power! For starters, its really only posting these losses valued in s U.S. dollars, which has hit 20-year highs recently. Arkadiusz Sieron, PhD. [134] On May 2, 2013, Bloomberg BusinessWeek found the ratio of CEO pay to the typical worker rose from about 20-to-1 in the 1950s to 120-to-1 in 2000. Miners Share a Clue Moreover, It aided Inter Milan and A.S. Roma to sell bonds backed by future media revenue, and Spain's Real Madrid CF to raise funds to refurbish their Santiago Bernabeu Stadium. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. One of the viable ways to invest in gold is by buying bullion. Gold and manipulation: The Ultimate Gold Panel with Frank Giustra & Rick Rule: 2022 10:05AM. and Scrap, Open Costs of both programs will grow faster than gross domestic product (GDP)through the mid-2030s primarily due to the rapid aging of the U.S. population. Gold Forum Americas 2022 ; Xplor 2022 Most Viewed. part 515; the Weapons of Mass Destruction Proliferators Sanctions Regulations ("WMDPSR"), 31 C.F.R. Dec 8, 2022, 5:47 pm EST. Paul Wong, July was yet another difficult month for most asset categories. Incorporated as if a merger between them already happened. Here's How Precious Metals Perform. To understand money, one first must first understand that human beings have always been incentivized to participate in exchange. The clients' funds would have been at risk had the firm become insolvent during this period. [151] The firm's presence in Greece dates to 1968. Hamilton's political enemyand eventual murdererAaron Burr was able to create a bank by sneaking a clause into a charter for a company, called The Manhattan Company, to provide clean water to New York City. While the absence of promotion and relegation is a common sports model in the US, this is an antithesis to the European competition-based pyramid model and has led to widespread condemnation from Football federations internationally as well as at government level. Stories include: Goldman Sachs raises year-end gold forecast to $2,500; why gold shines bright even after a losing Q2; and Zimbabwe rediscovers gold as a cornerstone of economic stability. Bill Holter The metals status as a hedge against inflation is expected to boost its prices; giving the bulls an opportunity to retest June 2021s high of $1,916.23. When the Fed capitulates, gold will skyrocket, The consensus is in: gold cant shatter its former all-time highs until the Federal Reserve does. The markets think persistent inflation means the Fed will get even more aggressive with rate hikes. Read More, 12.05.22- Silver Is Poised for a Rally in 2023 Heres Why Bulls have momentum as a price downtrend on the daily bar chart has been negated. [199] Dimon has been recognized for his leadership during the 2008 financial crisis. David Morgan, Back on the Daily Dive is David Morgan from The Morgan Report. This means that exchange is a necessary condition, not only for our economy, but for human flourishing. [62] The reported impetus for the investigation was a letter from Massachusetts Senators Elizabeth Warren and Edward Markey, in which they asked FERC why no action was taken against people who impeded the FERC investigation. Note. In April, Chase agreed to pay a total of $27million in compensation to settle the class-action suit. Ron Branstetter, 11.01.22- Gold Will Skyrocket When the Fed Makes This Announcement With the USD losing influence, it would be the understatement of the year to say that we live in interesting times, for we certainly do. Charles Hugh Smith. There seems to be one metal lacking in the game however, and thats silver. [61] The case stemmed from multiple referrals to FERC from market monitors in 2011 and 2012 regarding JPMVEC's bidding practices. Legislation has been introduced in Congress to restore the gold standard a major step toward adhering to the U.S. Constitution and bringing back sound-money policies. 08.08.22- Signs of Capitulation Everywhere, 08.05.22- Gold Price Forecast: Valid Support Leads to $2,471 Target, 08.04.22- Worried about a Recession or Stock Market Crash? This commitment came as part of the organisations wider $30 billion commitment to drive inclusive economic recovery and increase opportunities for underserved communities. The other excellent stock to buy is Wheaton Precious Metals, which is worth over $17 billlion. Prices closed nearer the session high and hit a four-month high today. Read More, 06.29.22- Whats Happening In Russia Proves Gold Is King The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. [106], In February 2019, J.P. Morgan announced the launch of JPM Coin, a digital token that will be used to settle transactions between clients of its wholesale payments business. Bob Moriarty, 07.19.22- History Defying Gold-Inflation Disconnect Will Prove Short Lived FERC investigators determined that JPMVEC engaged in 12 manipulative bidding strategies designed to make profits from power plants that were usually out of the money in the marketplace. In the past few years, mergers and acquisitions in the sector has led to a significant consolidation in the sector. In May 2011, the United States District Court for the Northern District of California certified the class action lawsuit. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. So, the Fed must behawkishnow, right? Thats because, unlike other industrial metals, its price is usually not impacted by demand and supply dynamics. [19] The bank would continue to operate as Morgan Guaranty Trust until the 1980s, before migrating back to the use of the J.P. Morgan brand. [citation needed]. Both bonds and stocks tumbled into the close of trading last week. Stories include: A history lesson about inflation, silver short and long-term forecasts, and gold isnt budging from its role as a portfolio stabilizer. At some point there will be a catalyst, or catalysts, which triggers a positive divergence of the precious sector from the rest of the stock market. The trader then cancels the order and places a different order in which they benefit from the earlier price change. The Wall Street Journalheadlined the news: Inflation is easing. Read More, It was a mixed week for precious metals, starting with a promising rally and a bear squeeze particularly noticeable in silver, before the dollar benefited from a renewed flight out of euros, yen and pounds. As Institutions, Hedge Funds, the Rich, and Retail Investors move into silver to protect wealth, the control over getting access to metal will lead to much higher prices. Peter Reagan. Indeed, the investment bank holds that the commodities supercycle will last for about 10 years. 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