Ted Butler: 2013 – The Year of JPMorgan

Blythe Masters Jamie DimonAs has been the case for the past five years (since it acquired the concentrated short positions of Bear Stearns), 2013 was the year of JPMorgan in silver and gold. Everything important that transpired in silver and gold can be traced to JPMorgan, just as this bank will dictate what happens in the future. I realize I am being overly specific and that many different factors influence the price of any market; but the circumstances surrounding JPMorgan are so overwhelming as to render all those other factors combined moot when it comes to silver and gold.
From the very beginning of the year to the last two days of 2013, JPMorgan has dominated and controlled the price of silver and gold. Here are the documented facts: [Read more...]

Fill or Kill: The Mechanics of Precious Metals Price Manipulation

fill and killMuch confusion persists regarding the method, or mechanics, of how the big banks are able to push the price of precious metals around at will for so long.
The confusion comes from declarations that on price drops, the bullion banks are selling. This then triggers the frequent and violent down-drafts we have witnessed over the last 2 years and counting. However, the trading data indicates the contrary. Commitment of Traders (COT) data shows that the big banks always buy on these dips and they always sell on rallies. Always. (This is clear evidence of manipulation in and of itself.)
So how do they get the price moving in one direction or another, usually to the downside?
The mechanism is made clear by the forensic analysts at NANEX, which provides documented real time price action down to the microsecond:
Stacking the Bid with Fill or Kill. [Read more...]

20 Year Intra-Day Gold & Silver Charts Reveal The (PM) Fix is In!

Chart of the DayCartel manipulation of the gold & silver markets has become so blatant that even Bloomberg is now openly admitting that the West is being drained of physical gold thanks to blatant market rigging.
As the 20 year gold & silver intra-day average Bloomberg charts below clearly demonstrate, The (PM) fix is in: [Read more...]

Manipulation Going Mainstream as Bloomberg Asks: ‘How to Keep Banks From Rigging Gold Prices?’

Jamie DimonLast week the financial MSM admitted for the first time that the West’s gold is being physically drained to Asia and that London’s gold vaults are “virtually empty.
Now, allegations that banks are rigging the gold and silver markets continue to gain credence among the mainstream as Bloomberg has published an article by Rosa Abrantes-Metz entitled How to Keep Banks From Rigging Gold Prices’’.

Rosa Abrantes-Metz concludes that gold prices may be manipulated and gives evidence to support her assertion.

[Read more...]

COMEX/LBMA Manipulation, the Coming Default Event and the Long Correction in Precious Metals

gold_tidal_waveFew analysts are watching the evolution of the COMEX/LBMA markets as closely as Jesse (Jesse’s Café Américain). Both markets are where the gold spot price is determined and a lot of paper gold contracts and physical gold movement are involved. So it’s important to watch both markets waiting for a potential default event that would start to free the determination of the gold price from manipulation. In this interview with Jesse, we discuss the issues at the very center of the gold market today : COMEX/LBMA manipulation, default event and how investors should react to the long correction in precious metals. [Read more...]

Is JPM Stashing 2 Metric Tons of Gold Kilobars Per Day on Behalf of China?

What if the twenty metric tonnes of gold deposited into JPM’s eligible vault over the past two months really is 20,000 Kilobars, of the 999 fineness variety?
Why would JPM be holding, at a minimum, 20 metric tonnes of Asian Kilobars in their NY vault- could these have been acquired for a big Asian client (China)?
If so, this gives credence to the idea that JPM’s client is China and, by extension, China is the big NET LONG on the Comex, converted from NET SHORT after successfully driving price down by over 30% in the past year!
If you were buying that much gold and had easy access to smash the price first, wouldn’t you do it that way?
I’ve often stated that JPM’s verifiable NET LONG Comex gold futures position is a market corner and it gives them the ability to break and take control of The Comex at a time of their choosing.   If this position is actually China’s…well, that certainly changes the dynamic a bit, doesn’t it?
And now JPM (China) is stashing away 2 metric tonnes per day of Asian-standard Kilobars? [Read more...]

Bill Murphy: JPMORGAN Silver & Gold SCANDAL Will Be EXPOSED

JP Morgan Dimon MastersIn this interview with unconventional finance’s Elijah Johnson, Bill Murphy of GATA how a Fed tapering of QE would likely affect precious metals, whether China is involved with gold suppression, and what GATA believes will happen in the gold & silver markets that will finally expose JPMorgan’s alleged manipulation of the PM markets.

GATA’s Bill Murphy on Taper & PM manipulation is below: [Read more...]

If the Banksters Want You Out of PMs, Isn’t That Exactly Where You Want to Be?

Bernanke-Dimon-Fed-Tunnel Jeff Nielson from BullionBullsCanada joins the SGTReport to discuss how to END the endless corruption in the precious metals markets. We cover the Rothschild’s ONE BANK, Bitcoin and everything in between. Jeff says he thinks the Rothschilds will SMASH Bitcoin which has emerged as a rival to their fiat empire. How does Jeff know this? Because he says that’s exactly what he would do if he was a Trillionaire Bankster.
As for physical precious metals which have suffered a brutal year, Jeff says, “ONE BANK wants to keep people out of the precious metals sector at ALL COSTS and so it is doing literally everything in its power to discourage people from putting their money in gold and silver. So ask yourself this, if the Bankers want you to get your money out of gold and silver, more than anything else in the world, then isn’t gold and silver exactly the place you want to be?[Read more...]

Guest Post: JP Morgan Wants Their Gold Back Before the Coming Currency Reset!

Blythe Masters Jamie DimonJPM wants their gold back before the current fractional reserve bullion banking system breaks, prices skyrocket again and a new global currency regime takes hold.
And now, for the first time ever, they’ve cornered the Comex gold futures market in order to ensure that it happens.
[Read more...]

Turd Ferguson: Courage and Conviction

Bernanke-Dimon-Fed-TunnelJPM is now NET LONG Comex gold futures to the point of having cornered the paper gold market. Since, for now, paper Comex trading continues to determine global price, nothing could be more important.
As we’ve documented here since last July, in 2013 JPM has successfully converted what had been a massive NET SHORT Comex gold position into an equally massive NET LONG Comex gold position.
Thus far, through just the first four delivery days, the JPM House Account has stopped 1,011 of the total 1,086 deliveries made. That’s 93.1%! So, please follow along with me here:

  • JPM is NET LONG to the point of cornering gold futures
  • JPM is taking delivery of 93% of the December contracts
  • Unlike the past, it now clearly benefits and profits JPM to see price rise- do you seriously think gold is headed lower from here?

Therefore, remain patient and diligent. Watch for a turn in price off of the June lows. A December move back above $1250 in gold and $21 in silver will begin the process of Spec unwind and short squeeze, setting up a continued rally in January. By holding physical precious metal, you are protecting and insulating yourself against the certain global economic madness of 2014 and beyond. [Read more...]

MUST LISTEN: On the Cusp of HISTORIC COMEX EVENTS – Turd & Doc Roundtable

historic eventsDON’T MISS THIS ONE:We are on the cusp of something historic happening on the Comex,” says TF Metals Report’s Turd Ferguson.
In this SGTReport roundtable discussion which also includes the Doc from Silver Doctors, we examine the strange recent purchase of gold contracts with a $3,000 strike price in 2015. We cover the PROVEN Gold and Silver manipulation with the London fix, we chat about the new gold-backed crypto-currency known as e-gold, and we finish with the gripping story of the very real drain of PHYSICAL from the Comex.
According to Turd, ‘We know that for the first time anyone can remember, the US banks are net long Comex gold futures, US banks meaning JP Morgan. And net long to the point of having CORNERED the paper gold market in New York because the position is so large. I’m talking the extent of 20% of open interest. And now we’re heading into the December delivery period [Read more...]

#AskJPM Fiasco Provides Blueprint to Rein In Criminal Banking Behavior

The #AskJPM debacle that JP Morgan cancelled earlier this month due to embarrassment and humiliation regarding the mountain of questions they received in regard to their criminal actions provided a gift to all of us: The blueprint to rein in criminal banking behavior by the banksters. [Read more...]

JPM Deal, The Fed, and Non-Reform – Nomi Prins

The federal government’s $13 billion settlement with JPMorgan Chase is being widely touted as a major step towards Wall Street redemption. But like so many settlements before it, this deal has much more bark than bite.
A bit of opening perspective: The $9 billion cash fine component represents just three-tenths of 1% of JPM’s $2.44 trillion of assets.

But it’s not just about the money. The intent of the settlement relates to something in which JPM has a vested interest, as does the Federal Reserve: keeping the prices of mortgage-backed securities from imploding yet again. [Read more...]

JP Morgan Mortgage Fraud Settlement – The Real Story

JPM, that arrogant too-big-to-fail bank and its corrupt CEO Dimon, backing all those corrupt politicians in Washington D.C., only came to the settlement table in earnest, when faced with the prospect of a CIVIL lawsuit [where the government could conduct discovery, asking questions under oath, thereby exposing individuals to actual accountability, blame, and perhaps perjury charges], and JPM only increased its settlement offer when faced with the prospect of criminal charges.  
The Presidential cuff-link-wearing Dimon, called Holder, only hours before the press conference at which the civil lawsuit would be announced.
Why the hell would Holder “scuttle the news conference?”  If Dimon was reaching out to settle, only hours before the news conference, then why did not Holder demand more than $13 Billion?  Why did not Holder demand disgorgement of ALL profits, plus a fine, from the fraud that JPM committed?  If the lawsuit was all teed up, what would the harm have been from filing it and pursuing it with discovery, depositions, the works?
One negotiates successfully either from a position of weakness or a position of power.  The one in the position of power gets the better deal.
Why the hell did Holder cave at this point?  Dimon had NOTHING to offer, and the case would only have gotten stronger once depositions and discovery started in earnest.
The obvious truth here, is that BOTH Holder and Dimon needed a settlement for their own personal reasons.

[Read more...]

28 Miles of AGEs

While we sit and watch JPM roll their Dec13 gold position and smash price in the process, I thought we should have some fun by putting this year’s GLD pillaging into context. [Read more...]