#gold #silver #lbma #comex #centralbanks #federalreserve #vaticanbank #bis #jpmorgan #spoofing #manipulation
Today we will look into the recent news about the $1 billion fine JP Morgan was given for using a strategy called spoofing in the precious metals market.
We will look at the evolution of spoofing in the futures market and how electronic markets make spoofing easier.
The conclusion though is that precious metals market manipulation goes beyond just short-term price movements and that it goes far higher than just traders being involved. It goes right to the top of the bullion and central banks.
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