SILVER PRICE RACKETEERING: JPMorgan FINALLY SENTENCED!

It’s definitely a giant conspiracy, but it’s no longer a theory; after the indictment, it’s more of a criminal enterprise, disguised as a bank.

This is NOT a fringe blogger or a spoof whistleblower, supposedly making it up anymore. This is the Department of Justice:

“(This was) A massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants”

“(It included) Widespread spoofing, market manipulation and fraud while working on the precious metals desk” at JP Morgan “through the placement of orders they intended to cancel before execution (Deceptive Orders) in an effort to create liquidity and drive prices toward orders they wanted to execute on the opposite side of the market. 

In thousands of sequences, the defendants and their co-conspirators allegedly placed Deceptive Orders for gold, silver, platinum and palladium futures contracts traded on the New York Mercantile Exchange Inc. (NYMEX) and Commodity Exchange Inc. (COMEX), which are commodities exchanges operated by CME Group Inc.”

This is a major victory for us, since the pressure will now be on the banks. Once it’s out in the open, investors know they DON’T have to be frightened anymore.

Take a look at this amazing chart:

Courtesy: U.S. Global Investors

The significance of this Asian buying from Chindia (China and India) and its impact on global supply, in a time that central banks are purchasing more tonnage than in the past 50 years is a MAJOR trend.

The indictment has not only impacted the NYC-based JPMorgan, but also the LBMA in London, England, which has been notorious for fixing gold prices for decades.

What I “love” about these banking gangsters is that they’re also shameless. What they’re doing is building a narrative that there was one bad apple and now that he’s gone, the corporation and the world are better off.

What a load of crap:

Courtesy: Zerohedge.com

In the big picture, we just got the U.S. government to confirm that PRECIOUS METALS are severely undervalued, in historical context.

Like I said, we might be correcting in the short-term, but there is no way gold doesn’t go past $2,000/ounce in the next few years.

93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.

Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!

Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!


    RECESSION WATCH: THE COUNTDOWN BEGINS!

    Imagine there is a tug-of-war contest and if team A wins, we enter a recession, while if team B wins, we avoid it for a while.

    Team A is comprised of businesses and corporations – and they’re SCARED.

    Their capital expenditures are down and they’re delaying major decisions, due mostly to this shift in global supply chains.

    Team B is the American consumer and he is confident as he’s been in 20 years; his debt load is lower than at any point in this century and he is healthy.

    Since he makes up nearly 70% of the GDP in the U.S., the economy is growing, so team B is really pulling hard on that rope, but Team A doesn’t want to lose either.

    This is the reason NO ONE can predict the timing of the next recession, but if we see that team B is weakening, we can assume it’s coming sooner rather than later.

    Courtesy: Zerohedge.com

    We’re within range of predicting a recession, so I’m watching the consumer closely. When he can’t live up to his own hype, I will be taking profits on the S&P 500.

    We will update in real-time on all of this.

    Best Regards,

    Tom Beck
    Research Partner, PortfolioWealthGlobal.com

    Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!

    Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!


      Legal Notice:

      This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

      Please read our full disclaimer at PortfolioWealthGlobal.com/disclaimer

       
      POUNDING THE TABLE ON THIS STRATEGY!

      POUNDING THE TABLE ON THIS STRATEGY!

      Because of the travel restrictions of 2020, I was so thrilled to see nature in these past few days. I’m currently in an area of America that is just perfect. In fact, as you’re reading this, I’m making my way to Wyoming, named by many as the most beautiful of the 50 states.

      read more
      MAXIMIZE YOUR HEDGES NOW!

      MAXIMIZE YOUR HEDGES NOW!

      Two days ago, I was watching the championship game of the Milwaukee Bucks, who won their first NBA title since 1971. Right outside of the packed stadium, some 70,000 fans watched the game on large screens.

      read more
      ARE THEY BLIND? OUTTA CONTROL INFLATION!

      ARE THEY BLIND? OUTTA CONTROL INFLATION!

      A good friend of mine just liquidated 80% of his mining stocks portfolio. He wrote his broker in June 2020, when he saw the big recovery happening, that his thesis was that because of all the currency printing, global supply chain shutdowns, inflationary rebound and stimulus checks, gold would be at $3,000/ounce by the November elections.

      read more