US govt indicting JPM for gold manipulation may be bullish for gold, silver (FFTT)
Hope you’re well. Attached above is this week’s edition of FFTT. This report is 11-pages long and is an 18-20 minute read.
Title: US government indicting JPM for precious metal manipulation may be quite bullish for gold & silver
Conspiracy theory becomes conspiracy fact.
* In September, the US government invoked rarely-used RICO racketeering statutes to charge JPM precious metals traders, “describing JPM’s precious metals desk as a criminal enterprise operating inside the bank for nearly a decade.” (Source: Bloomberg)
* Yesterday, Bloomberg reported that the US government’s investigation on JPM precious metals manipulation is now “building a criminal case against the bank itself.” (Source: Bloomberg)
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