Melting Gold

JPMorgan Learned ‘Spoof’ Method From Bear Stearns, U.S. Says

JPMorgan Learned ‘Spoof’ Method From Bear Stearns, U.S. Says (Bloomberg) — When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by the traders’ new colleagues …

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JP Morgan Derivatives Gold Silver Manipulation Exposed

LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals

LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals   Michael Nowak, JP Morgan Chase managing director and head of the bank’s global precious metals desk, who is also a Board member of the London Bullion Market Association (LBMA), has just been indicted and charged by the US Department of Justice (DoJ) with manipulating the prices …

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