Silver Manipulation

Source: RT News

Silver poised to outpace gold in 2019 – experts

November 5, 2018

Global demand for silver is expected to grow, according to a Canadian investment bank and financial services provider TD Securities. It has projected silver outperforming the sister metal gold next year.

There have been several factors conspiring against the entire precious metals sector, such as rising interest rates, a strong US dollar, and a weaker yuan, according to the head of commodity strategy at TD Securities Bart Melek. He told Kitco News silver was further weighed down by concerns that the global economy will be hurt because of a worldwide trade war.

Right now we think the market is underpricing silver’s potential,” Melek said.

Despite the fact that the trade war between China and the US “can still get ugly,” TD Securities sees positive economic growth next year, which should support silver prices, boosting the metal’s industrial demand.

We don’t see global economy collapsing next year. We see the global economy growing 3.5 percent and that should lead to higher demand for silver,” said Melek. “You can’t get too negative on silver when you see higher demand and flat primary supplies. We are certainly not seeing new silver production or infrastructure coming online any time soon.”

According to him, TD Securities sees silver prices pushing to $17 an ounce by the end of next year. December silver futures were trading at $14.75 an ounce on Friday compared to gold at $1,232.90 an ounce.

Meanwhile, the Canadian bank sees gold prices ending next year at $1,325 an ounce, with a gain of 7.5 percent from current prices.

Please go to RT News to read the entire article.


Source: CNBC

Former JP Morgan trader pleads guilty to manipulating US metals markets for years

• John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.

• Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.

by Hugh Son | Dan Mangan • November 6, 2018

Scott Mlyn | CNBC – Pedestrians walk in front of the JPMorgan Chase headquarters building in New York.

An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S. markets of an array of precious metals for about seven years — and he has implicated his supervisors at the bank.

John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count each of conspiracy to commit wire fraud, price manipulation and spoofing, according to a Tuesday release from the U.S. Department of Justice. Edmonds spent 13 years at New York-based J.P. Morgan until leaving last year, according to his LinkedIn account.

As part of his plea, Edmonds said that from 2009 through 2015 he conspired with other J.P. Morgan traders to manipulate the prices of gold, silver, platinum and palladium futures contracts on exchanges run by the CME Group. He and others routinely placed orders that were quickly cancelled before the trades were executed, a price-distorting practice known as spoofing.

“For years, John Edmonds engaged in a sophisticated scheme to manipulate the market for precious metals futures contracts for his own gain by placing orders that were never intended to be executed,” Assistant Attorney General Brian Benczkowski said in the release.

Of note for J.P. Morgan, the world’s biggest investment bank by revenue: Edmonds, a relatively junior employee with the title of vice president, said that he learned this practice from more senior traders and that his supervisors at the firm knew of his actions.

Please go to CNBC to read the entire article.


Source: Silver Doctors

Catherine Austin Fitts: I’m Getting Reports That Silver Is Getting Hard To Find

September 17, 2018

Catherine says there’s a reason people are moving into real assets such as gold & silver, which is getting tough to buy in large quantities. Here’s more…

Catherine Austin Fitts interviewed by Greg Hunter on USA Watchdog

There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the government’s budgets basically classified national security status. Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts says, “Apparently, the people leading the audit have come to them and said if we do this audit, we will disclose classified projects.

So, the board (Federal Accounting Standards Advisory Board – FASAB) came out with a new policy. I say it is illegal. You cannot do it under the financial management laws, and you certainly cannot do it under the Constitution, and it said you can keep classified off the books, which means you can cook the books and you can basically do whatever you want. This matches up with the waiver given to the national security advisor that says corporations, if he waives them (regulations), can also cook their books with the SEC.

Now, we have the corporations making money, and they can cook their books under the law, and apparently the government can too. So, when the board made the statement and announced this new policy, they made the point that if they didn’t do this, the only alternative was to redact the Department of Defense financial statements, which meant you would have to redact the U.S. government’s financial statements, which means we have reached “Never, Never Land,” which also means the whole thing is a joke.

As a matter of policy, they are saying you have to give them, for the IRS, for the Census and all these other things, complete financial disclosure and honest financial disclosure by pain of law or you go to prison, but they can make up whatever they want. They can publish financial statements that are complete fiction with no accountability to you and call it national security. What this is doing is engineering complete financial insecurity for every American citizen. This is the end of financial security.”

In closing, Fitts says, “I am a gold fan. . . . You also want to have as little leverage and debt as possible. . . . I am also a silver fan, and I am getting reports that silver is getting hard to find. Gold is down 8% for the year and silver is down 16%, but go and try to buy a bunch of silver. It’s tough.”

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report.

Catherine Austin Fitts – We’ve Reached “Never Never Land” Accounting


What was Blythe Masters telling us in 2012? That J.P. Morgan wasn’t manipulating the silver market? Was this silver manipulation done to economically war on competing economies?

Blythe Masters Refutes Claims that JP Morgan manipulates silver markets

Yahoo Finance interview Jamie Dimon


JPMorgan Chase Trader Pleads Guilty to Gold Manipulation, Turns State’s Evidence

JPMorgan’s Silver Price Manipulation: You Can’t Beat Them, You Can Join Them




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