I was going to write a post detailing the precarious situation the global financial system is in, and why you need to hedge risk in this scenario. However, I finally read the following piece, which I’ve had open in a browser tab since Christmas, and it basically explains everything I wanted to say.… Read more
Tag: Precious Metals
US DOJ: JPMorgan’s Precious Metals Desk was a Criminal Enterprise
Well, well, well. Something very interesting happened this past week: the US Department of Justice filed charges against three top traders working on JPMorgan’s precious metals desk for manipulating metals prices over the past decade.
Finally, the gold and silver bugs who have been shouting of blatant manipulation in metals prices (and often being ridiculed or labeled conspiracy theorists) are being vindicated.… Read more