Relevant:
- INSIDER TRADING AND FINANCIAL TERRORISM ON COMEX
- Study Finds the dollar gold price controlled by JPM in cooperation with the BIS; "No Free Market in Gold"
- Ted Butler - 2013: The Year of JPMorgan (in gold, silver)
- Gold Plunges Back Below $1300 As "Someone" Dumps $2.3 Billion In Futures
- Comex On The Edge? Paper Gold "Dilution" Hits A Record 124 For Every Ounce Of Physical
2009-01-09 — financialsense.com
Plunges of $200 in the gold market require FUEL.
JPMorgan Chase’s swelling of its gold derivatives book by $15 billion in three months [Q3 / 08] was undoubtedly the fuel. The implication here is that the Morgan Chase gold trader in the Comex pit “fireballed†the price of gold by selling dizzying amounts of paper gold [futures] over the period in question.
An incredible feat, in a world that is supposedly starved for capital, this institution somehow saw fit to take $15 billion in notional risk to short the living bleep out of gold.
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