JPMorgan just admitted that they manipulated precious metals and treasury markets, per a report released at Bloomberg today.
We discuss how the DOJ and FBI found the spoofed trades and brought the traders to justice, per another detailed article posted yesterday at Bloomberg.
We put together the controls that I have previously mentioned that would have prevented this activity in the first place. Namely, audits of the markets by an independent third party, and a better version of the ineffective CFTC.
What happens next in gold and silver? That is to be determined, but we have a big month coming up in December.
To preview, I go over what has happened recently in the metals markets while providing you a new tool to track trading positions on the COMEX.
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