NEW YORK/LONDON/SINGAPORE, Dec 19 (Reuters) – Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co. , one of the world’s largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. The Monetary Authority of Singapore (MAS) is looking into the bank’s precious metals…
Another JPMorgan Chase & Co. official was charged in the U.S. probe of the bank’s precious metals trading operation. Jeffrey Ruffo, a former JPMorgan executive director on the metals desk in New York who specialized in hedge fund sales, was charged with fraud conspiracy and racketeering conspiracy, according to a superseding indictment made public Friday…
Rising demand for solar panels pushes silver prices higher according to a recently released university study. Researchers at the University of Kent found a “causal relationship” between… Source: SchiffGold.com | Study Shows Increasing Demand for Solar Energy Drives Silver Prices Higher Imminent Launch Of Russia’s Silver Rouble Silver demand in India is at a 4-year high…
Bill says When the music stops, there will be 382 people who think they own an ounce of gold, but in reality, only one person owns it. Here’s an update. Source: Bill Holter: There Are 382 Paper Gold Ounces For Every One Real Ounce Of Gold On The COMEX | Silver Doctors
Here’s the perfect example of the difficulty in understanding President Trump when it comes to him being either pure genius or just having dumb luck. Last week, we all know what the President said – I think I wrote up three articles on it because I felt it was that important. For those who don’t…
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in…
As you probably know by now, President Trump backed out of the nuclear deal with Iran and is re-imposing harsh sanctions. And just this morning, Trump announced that he’s canceling the much-anticipated nuclear summit with North Korean leader Kim Jong Un because of Kim’s recent belligerent comments. What does that mean, aside from the…
For How Long will the Era of Cheap Silver Prices Continue? One of the running themes of the silver market since the economy recovered from the financial crisis has been an apparent disconnect between silver prices and the realities of supply and demand. Even as demand for the precious metal has consistently been strong from…
* During my time training to be an equity options trader, the shop I worked for required that I log 100 hours of poker training. Under the belief that there are great similarities between the decision-making required for poker, and that required for successfully trading the financial markets. Along those lines, there was a…
U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels…
This was going to be about “helicopter money” because a ton of precious metal literally fell out of a Russian plane. But now its way more than that… Please connect the dots below, but first, please do this math:1+1+1+1=? (Answer: 4, every day of the week). While it has been known that China and Russia…
Turkey went on a gold-buying spree in 2017. That trend continued through the first two months of 2018 as the country continues to diversify away from foreign currencies – i.e. the dollar. Data released by Borsa Istanbul shows Turkey imported 44.47 tons of gold in January and 16.03 tons in February for a total…
“…we are witnessing the end of an empire and they all rhyme in fiscal and monetary bankruptcy. History will show…” MOPE; The Government Will Never Let It Happen… How often have you heard the phrase “the government will never let it happen”? It almost doesn’t matter what the topic is you are talking about, nothing…
John Rubino says we’re going back to basing our monetary system on physical gold & silver. Here’s why… John Rubino interviewed on Future Money Trends There is so much economic turmoil and uncertainty simmering under the surface that it’s hard to keep up with it all, but John Rubino can put the pieces together like…
The world’s top oil importer, China, is expected to launch its long-awaited and delayed yuan-denominated oil futures contract at the end of March, according to Reuters’ sources. The petroyuan is seen as Beijing’s challenge to the US dollar, the dominant global currency in oil contract settlements. UPDATE March 26, 2018: China’s Gold PetroYuan Futures Open:…
