And to all of the silver stackers who got the short end of the stick for all of these years, well, you get nothing!
(by Half Dollar) Bloomberg is reporting on a “record” penalty.
A whole billion bucks, maybe (bold added for emphasis and commentary):
JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter, Bloomberg News reports.
Are they even going to pay the fine, or is it all just funny money accounting thanks to the fact that the Fed is unaudited and unaccountable to the American people?
In other news, the mainstream financial press is in a full-on assault on Gold & Silver today.
Even Fox News is getting in on a piece of the action:
Yes, that’s Fox News, not Fox Business.
To the new stackers out there, this is a gift horse, especially when it comes to silver’s current price takedown.
And if you don’t know what that means, or what I’m talking about, then check out my Midweek Market Report over at SD Bullion.
I’d post a link, but the algorithms are funny like that.