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/biz/ - Business & Finance

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51012206 No.51012206 [Reply] [Original]

>In a major embarrassment for banking giant JP Morgan and the London Bullion Market Association (LBMA), a federal jury in a US criminal trial has convicted Michael Nowak, global head of JP Morgan’s precious metals trading and former LBMA board member, on 13 counts of attempted price manipulation, commodities fraud, wire fraud, and spoofing prices in the gold, silver, platinum and palladium futures markets.

>> No.51012227
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51012227

Bye bye dick head

>> No.51012231

so what happens now?
>gold continues to range $1640-$1825

>> No.51012244
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51012244

Forgot link:
https://www.zerohedge.com/markets/jp-morgan-gold-trading-boss-former-lbma-board-member-found-guilty-us-jury

>> No.51012247

I aggressively dislike Jewish people

>> No.51012278
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51012278

>>51012247

>> No.51012282

prices still lower than your testosterone levels. nothing matters, maybe my boomer rocks will make my kids rich.

>> No.51012368

>>51012206
This happens all the time, it's almost always still profitable for jp morgan cost of doing business. I think the government allows them to continue to do so to surpress real money to prevent a run on gold and silver and just throw some fines at them every few years call me schizo

>> No.51012407
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51012407

>>51012206
>>51012244
>Got arrested for trying to raise the prices
This really is clown world.

>> No.51012688
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51012688

This is a joke. He probably didn’t fuck a child or something so they tied up a loose end. Real manipulation happens at the bis picrel

>> No.51012753

>>51012227
Oh no hell only have millions upon millions when he’s done serving his probation. Lol. I love watching cowards settle for banana republic justice

>> No.51012781
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51012781

>>51012753
>lol
Kys, “anon” but make sure you go back first before you do.

>> No.51012897

>>51012781
Lol

>> No.51012931

>>51012368
They're 100% working together

>> No.51012934
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51012934

>>51012206
>major embarrassment
>implying they fuck one fuck what the goyim think as long as they don’t have to return the money

>> No.51012975
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51012975

>>51012278

>> No.51013041
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51013041

>>51012975
Yep and their golems are on full display

>> No.51013243
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51013243

Imagine my surprise when Jews are lying pecker suckers.

>> No.51013261

>>51012206
There is no manipulation or any kind of conspiracy by bullion banks to suppress the price of PMs. I will be writing to President Biden to appeal for the release of this innocent man.

>> No.51013299
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51013299

>>51013261
Rabbi what took you so long?

>> No.51013748

Need advice. I bought 120oz Silver and 1oz gold. Thing is now PM takes up over 8% of my portfolio. Should I liquidate my gold so I slurp this market dip asap or should I hold and just dump my paychecks when i get them.

>> No.51013952

>>51012931
yeah but the scam is starting to fall apart, so
>the government will blames muh big banks
>we will save you though
get off scott free minus some low level bankers who were predestined for prison because they were likely decent people.

>> No.51014032

I went to high school with Gregg Smith. The guy was a piece of shit thief and drug addict who through he was hot shit because daddy had money. Love to see justice served.

>> No.51014089

>>51012206
Somebody show Peter Schiff

>> No.51014415
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51014415

>>51013952
What's the solution here?
To start breaking down banks?
Funny how bank robberies are always the iconic "superhero saves the day" scene, but when you think about it, the robbers are unequivocably based

>> No.51014442

>>51012206
Who honestly cares OP. Its been an open secret for decades. And guess what, nothing is going to be done to solve this issue.

>> No.51014491

>muh suppression
did you people read the text of the case