JP Morgan Gold Rigging a Fraction of the Story | Chris Powell, GATA.org

Chris returns to Metals & Markets this week to discuss the DOJ’s racketeering case and a whole lot more…

Chris Powell of the Gold Anti-Trust Action Committee (GATA) interviewed by James Anderson of SD Bullion

Not only a strong end to the week for the monetary precious metals prices, but also a week that began with one of the most significant bombshell news items and criminal lawsuits filed against the often alleged silver and other precious metals market rigging bank, JP Morgan Chase.

The silver spot price closes the week at 18 fiat Federal Reserve notes per troy ounce, up about 50¢ on the week.

The gold spot price ran up thirty bucks an ounce closing right below $1,520 fiat Fed notes per ounce.

The spot platinum price finished flat for the week, right around the $950 mark.

While palladium hit a new nominal price high fiat Fed notes, closing around the $1,645 fiat dollar per troy oz mark.

Now to the week’s most crucial bullion-related headline,

JP Morgan’s Precious Metals Desk Was a Criminal Enterprise, U.S. Says

You can read more of our reaction in the link above.

Chris Powell of the Gold Anti-Trust Action Committee (GATA.org) drops by to discuss this US Department of Justice RICO criminal lawsuit against the Global Head of JP Morgan Precious Metals Trading Desk and other silver, gold, platinum, and palladium trading executives at the too-big to restructure bank.

We dig not only in the details of the train wreck that is JP Morgan in 2019 but also how disgraced the LBMA and CME Group’s COMEX NYMEX are by association and public record documentation.

This bombshell lawsuit is just a fraction of the story to likely unfold.

Silver Podcast | Gold Podcast | Chris Powell of GATA.org

–

Welcome to this week’s Metals & Markets wrap, I am your host James Anderson of SD Bullion.

With us this week, a returning guest, Mr. Chris Powell. He is the Secretary and Treasurer of the Gold Anti-Trust Action Committee, visit their website at GATA.org

Chris thank you so much for coming on the show.

Last time we spoke was in January 2018.

Gold Silver Podcast early 2018 | Chris Powell of GATA.org

–

If anyone in the alternative financial media world has the right to be cynical, perhaps it is you guys over at GATA.

You have been covering the rigging of monetary precious metal prices since before this century started.

Here we are two decades into your efforts, and the US Justice Department is now verifying with hard evidence many of the same allegations made at Gata.org and elsewhere.

First, can we get some of your thoughts about this DoJ criminal lawsuit using RICO laws against former precious metal trading heads and executives at JP Morgan Chase?

–

As far back as 2014, Chris Powell at GATA has been citing that the CME Group has been offering foreign central banks to come on into the US commodity markets and move price discovery which might best fit their agenda.

What I like to call <a href="https://sdbullion.com/blog/market-manipulation-gold-silver-platinum-palladium/" target="_blank" rel="noop...