JP Morgan Was Criminally Rigging The Gold & Silver Markets In A Conspiratorial Racket? INCONCEIVABLE!

The traders the DOJ just indicted had manipulated the precious metals for years through a criminal racketeering conspiracy? Inconceivable!




We are finally getting somewhere with this whole “sealed indictments” stuff!

Because the markets are gonna blow-up on them one way or another, so they might as well come clean about it!

Earlier today, we reported on the DOJ charging three traders with criminal racketeering.

In a nutshell:

Two current precious metals traders and one former trader in the New York offices of a U.S. bank (Bank A) were charged in an indictment unsealed today for their alleged participation in a racketeering conspiracy and other federal crimes in connection with the manipulation of the markets for precious metals futures contracts, which spanned over eight years and involved thousands of unlawful trading sequences.

Of course, that’s just the start of the legalese in all of its glory.

So let’s get the real run-down from SD Bullion’s own James Anderson in his latest SD Bullion article:

Today’s news out of the Department of Justice vindicates not just small few newspaper editors who had the nerve to cover this ongoing precious metals manipulation story when it was merely trying to unfold.

It also vindicates many of our customers and ourselves who work here at SD Bullion — producing content which requires us to have studied this topic thoroughly.

Apologies in advance.

We do not have the omniscience, nor the time to go through the negative repercussions such market manipulations have on real-world people in the aggregate.

Many of you who have been hurt by these admitted and alleged crimes, are reading this right now.

Below we have Bloomberg’s Joe Deaux, who lays down the pretention that they at Bloomberg get ahead of stories, while the exact opposite has almost always been the case concerning precious metals manipulation reporting.

They will not cover it until they are forced to. It is not in their business model to ever suggest commodity prices have and are systematically suppressed.

What did Upton Sinclair say about salaries and people’s understanding?


Many so-called, precious metals price manipulation conspiracy theorists, who for almost a decade or more have been pointing fingers heavily at JP Morgan. A massive bank with massive price discovery power in some of our most critical price discovery markets ongoing.

These alleged kooks can now point to this precious metals market manipulation criminal lawsuit as another solid piece of evidence that were indeed plumes of criminal smoke, where there has now apparently been a raging financial criminal fire for almost a damn decade.

This morning it was officially announced that the US Department of Justice had charged the former head of precious metals derivatives trading at JP Morgan with crimes. One’s that makes he and others indicted in the criminal lawsuit, partly sound like mafia members being indicted in the 1970s (RICO – Racketeer Influenced and Corrupt Organizations Act).

One could argue that the repercussions of their ongoing crimes have in the aggregate inflicted as much or more harm than almost any other mafia.

The key difference here is BANK A is JP Morgan Chase, Bank B an early 2008 bankrupt Bear Sterns (thanks partly to silver running to $21 oz back then), Bank C likely UBS, and Bank D is perhaps Merrill Lynch. But back to the largest bank of them all.

It remains fact, that JP Morgan’s COMEX silver bullion inventory dominates the competitors there (holding about 50% of all the leveraged bullion in that exchange).

How much of it is owned by their clients and how often have they been ripped off by the traders at JP Morgan who supposedly execute orders on their behalf?

The criminal lawsuit alleges JP Morgan derivative trading customers got ripped off on a regular basis.

Further, why would anyone trust and or do any business with this company? Did 2008 not teach anything about what matters to them above all else?

James wrote a killer post complete with videos, screenshots and charts, so do take the time to read it all.

What’s the bottom line as we find ourselves here this beautiful Monday evening in mid-September?

Buried by the ‘War with Iran’ war drums is this action taken by the Department of Justice.

The 2-day FOMC begins tomorrow, so the MSM will be looking for a rug.

Because they do want to sweep this story right under that rug.

But this is about so much more than “manipulation”.

It is about the cartel losing their control.

So how will they go down?

In a ball of flames?

Or quietly.


Stack accordingly…

– Half Dollar


About the Author

U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at Paul’s Twitter is @Paul_Eberhart.