JPMorgan Out Silver Manipulation Business, CitiGroup In
An apparent off-the-whim "internal review" has led JPMorgan to want OUT of the commodities market. After years of protested silver manipulation, could this be the end? Is silver set to increase in price now that "the Morgue" is out of the picture? One thing is for sure, some silverbugs are rejoicing. Others want to know the truth of JPMorgan's silver position. The message telegraphed to mainstream media, alternative media and blogs around the globe is that JPMorgan will no longer be able to manipulate silver, because they are getting out after much issue has been taken with their positions. They've gotten out gold and made headlines for their oligopoly over commodity warehousing. Another probe has been threatened, and an era has ended. Or has it? JP Morgan is "fully committed to traditional banking activities," but they are looking to sell, spin or ally with strategic partners to shed the position. Many assume that "physical commodities" means the company's extensive inventories of tungsten and lesser gold and silver. Just recently, JPMorgan was manipulating beer prices. Since Fall-Winter of last year, we have heard much news - coming out of sources like Bix Weir - that Citigroup has entered the commodities market. On November 1 Jose Cogolludo joined the corporate sales office at Citi with years of experience in commodities sales at JPMorgan and Goldman Sachs before that. The entrance of Citi into commodities, with their office based in London, is a new position as of last Fall and includes "all commodity products with corporate clients across the world." “I am delighted and proud to join Citi, where our client franchise is unrivaled by other institutions, in particular in emerging markets. Our plan is to systematically provide a full range of risk management products to Citi's global client base, to better integrate our product offering with the rest of the organization, and to strengthen our position as a leading actor in the commodities space," he said. "With these important additions to our sales team, we have made significant strides in strengthening our commodities platform and connecting our complete suite of commodity products with a wider range of the bank’s clients than ever before,” said Stuart Staley, global head of commodities. What, perhaps, has Citi inherited from JPMorgan? In JPMorgan's own words: Following the internal review, J.P. Morgan has also reaffirmed that it will remain fully committed to its traditional banking activities in the commodity markets, including financial derivatives and the vaulting and trading of precious metals. The firm will continue to make markets, provide liquidity and offer advice to global companies and institutions that have, for years, relied on J.P. Morgan's global risk management expertise. The decision regarding whether or not JPMorgan was manipulating the market came in the Fall of last year, as Citi was accumulating further positions. The CFTC would not investigate allegations that the silver price is manipulated by major financial powerhouses, in particular JPMorgan, whose death-by-a-thousand-cuts year might see their Too Big To Fail status tested and endure. -GoldSilverBitcoin
by Bix Weir of Road to Roota The markets are ALL artificial and 100% controlled by computer programs…that’s why ALL BUSINESSES can be shut down and the Dow maintain a huge valuation and silver, gold & bitcoin be held in check. Silver, Gold, Bitcoin…and God! By Bix Weir A collection of intimate conversations concerning the past, present and future of humanity… ! Troy Oz Gold strives to provide the latest gold market statistics, data and news feeds for gold bugs around the world. Physical Silver/Gold End Game for the BANKERS is HERE!! (Bix Weir) Posted on July 24, 2020 by admin. This post was published at RoadtoRoota. Categories Crypto Currency, Categories: Crypto Currency, Economy, Gold, Market Commentary, Precious Metals, Silver. The Future of Money…Silver, Gold and:or Bitcoin?! (Bix Weir) This post was published at RoadtoRoota. SHARE THIS. Previous post. Leave a Reply Cancel reply. Your email address will not be published. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.
(Bix Weir) RoadtoRoota. Loading... Unsubscribe from RoadtoRoota? ... Jim Rickards: economic freeze is here, get gold, silver if you can and get ready - Duration: 25:41. 2 GATA Warriors, Bix Weir and Andy Hoffman, sit down for a frank discussion about Silver, Gold & Bitcoin. Andy and I get into market manipulation, the prospects for Silver and Gold and the Bitcoin ... Bitcoin is finally above $10,000 but...the crowds are still on the sidelines!! ... Bitcoin BOOMING...but You Ain't Seen Nothing Yet!! (Bix Weir) RoadtoRoota. ... get gold, silver if you can and ... 2 GATA Warriors on Silver, Gold & Bitcoin (Bix Weir & Andy Hoffman) by RoadtoRoota. 41:04. Bix, Bitcoin, and the Bigger Picture (Bitcoin Fork Solution) by RoadtoRoota. 44:08. Bix Weir sits down with Kerry Lutz to discuss the hot topics of the day and end up debating the monetary value of Gold vs. Bitcoin. Very fun discussion as they get riled up over the issue.