Last week, I had the opportunity to speak with Bob Moriarty about where we are at today in the gold sector, and how he see things playing out across markets in the 2nd half of 2022. control of natural gas/oil provisions to Europe; the maintenance of US dollar hegemony in this world, and. In the COMEX, most of the trading involves 100-ounce bars. BTC maximalists have always deemed gold worthless , and thus BTC maximalists have always failed to understand the central role of sovereign gold reserves in all economic and military wars, In any war provoked and started by the MIB complex, they have always looted gold, when substantial amounts existed to be looted, because of their vulnerable state as a consequence of war. Read More, 10.17.22- If We See a Default in Silver, While it doesnt mean a surge in the silver price is imminent, the industry has been here before and demonstrated theres only one way out of this dilemma. Bernie Madoff opened a business account at Chemical Bank in 1986 and maintained it until 2008, long after Chemical acquired Chase. The next downside price objective for the bears is closing prices below solid support at $20.00. 1986)[88], ManufacturersTrust Company(est. Remember what happened 30 months ago? Read More, 08.11.22- And Now, for Something Entirely Different: Governor DeSantis Needs to Kick Federal Agents Out of Florida Immediately WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFPS ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. JPMorgan Chase has reached a milestone five years in the making the bank says it is now routing all inquiries from third-party apps and services to access customer data through its secure application programming interface instead of allowing these services to collect data through screen scraping. Trafiguras shareholders and top traders to split $1.7bn in payouts ; Council reviewed 202mn loan to THG but lent to ecommerce groups founder instead Going back further, its predecessors include major banking firms among which are Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank. [51], In January 2011, JPMorgan Chase admitted that it wrongly overcharged several thousand military families for their mortgages, including active-duty personnel in the War in Afghanistan. To the Republic for which it stands? It implies a more hawkish Fed and is bad for gold in the short-run, but good in the long-term. For the first time in almost two decades! In 1824, the company amended its charter to perform banking activities and created the Chemical Bank of New York. After 1851, the bank was separated from its parent and grew organically and through a series of mergers, most notably with Corn Exchange Bank in 1954, Texas Commerce Bank (a large bank in Texas) in 1986, and Manufacturer's Hanover Trust Company in 1991 (the first major bank merger "among equals"). As of 2022[update], JPMorgan Chase is ranked 24 on the Fortune 500 rankings of the largest United States corporations by total revenue. In a typical private business arrangement like this, theresno public marketfor your asset (thinkShark Tank). Merrill Lynch (together with parent Bank of America) is the third largest brokerage firm, managing over $3 Trillion in client assets[1]. Who is involved? Read More, 08.05.22- Gold Price Forecast: Valid Support Leads to $2,471 Target There are very few movie experiences Ive had in my life that rival the first time I watchedThe Hunger Games. Read More, 09.28.22- Major Battle In Silver Market Has Begun [64] Of that amount, $9 billion was penalties and fines, and the remaining $4 billion was consumer relief. TheFedraised thefederal funds rateby 75 basis points to 2.25-2.50%. This Friday, were taking a look at Microsoft and Sonys increasingly bitter feud over Call of Duty and whether U.K. regulators are leaning toward torpedoing the Activision Blizzard deal. Massive gold-futures dumping erupted as the US dollar shot parabolic on the most-extreme hawkish Fed pivot ever, crushing gold stocks. Heres what to do Read More, 07.20.22- Explosive Moves In Silver/Gold Will Surprise Everyone Ted Butler, What has been occurring in the gold and silver markets is nothing short of extraordinary. The theory of time preference suggests that central bank interest rates should be multiples higher, to compensate for the current loss of currency purchasing power, enhanced counterparty risk, and a rapidly deteriorating economic and monetary outlook. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. For the last 9 months, this stockpile of silver, held in the LBMA vaults in London, has been consistently falling each and every month, and has now reached an all time low. December N.Y. copper closed up 720 points at 377.15 cents today. Steve St Angelo. [100], In March 2016, J.P. Morgan decided not to finance coal mines and coal power plants in wealthy countries. 2008, 2011 and 2022). The first CDS was created to allow Exxon to borrow money from JPMorgan while JPMorgan transferred the risk to the European Bank of Reconstruction and Development. Wyckoff's Market Rating: 6.5. Adecadeof stagflation is the bill we pay for three decades of moderation? Read More, 07.25.22- The #1 Long-Term Indicator for Gold Therefore, Western nations really cannot get into too much trouble, since everyone wants peace, freedom, and prosperity, even if we disagree on the proper route to take to get there. The theoretical spot price is the price per unit at which a futures contract that matures in the current month (on the spot) changes hands. But on the geopolitical stage, certain events could happen to make things even more challenging in the U.S. economy. Paul Wong, July was yet another difficult month for most asset categories. Read More, On Tuesday, the new Quarterly Derivatives Report from the Office of the Comptroller of the Currency was released, showing the over-the-counter derivatives positions for US banks as of March 31, 2022. volume today// good, Comex volume: confirmed yesterday: 62,330 contracts ( fair), To calculate the number of silver ounces that will stand for delivery in OCT we take the total number of notices filed for the month so far at 418 x 5,000 oz = 2,090,000 oz. [62] Various newspapers reported in September 2013 that the Federal Bureau of Investigation (FBI) and US Attorney's Office in Manhattan were investigating whether employees withheld information or made false statements during the FERC investigation. Read More, 09.07.22- Proof that Precious Metals Anytime, anywhere, across your devices. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. When it was passed you couldnt own a cannon, you couldnt own certain kinds of weapons. The world was a much simpler place. JPMorgan subsequently distanced itself from the content of the study. [34] The stock swap agreement was signed that night. In the past few years, mergers and acquisitions in the sector has led to a significant consolidation in the sector. The current and open fraud regarding the paper gold price in the COMEX market is now as plain to see as the open desperation in the global financial system, which is unraveling in real-time all around us. On the flip side, high volatility among risk-on assets may weigh the gold price in the coming months. and Golds Price Direction (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP, DEC. 175.62 TONNES//FINAL ISSUANCE//. Banken. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT, NET GAIN ON THE TWO EXCHANGES 6800 CONTRACTS OR 680,000 OZ OR 21.11 TONNES, final gold volumes/yesterday 143,607/ poor, INITIAL STANDINGS FOR OCT 22 COMEX GOLD//OCT 13, i) Out of JPMorgan: 11,767.266 oz (266 kilobars), ii) out of Brinks: 482.26 0z (15 kilobars). Read More, 10.27.22- Bill Introduced in Congress to Restore Gold Standard as Demand Improves Read More, 08.09.22- Why Are Central Banks on a Ferocious Gold Buying Spree? iii)A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii)AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 135,000 OZ QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI GAIN/, I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: 26. We are seeing a lot of silver leave London and head to India and other countries. EXCHANGE: COMEXCONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURESSETTLEMENT: 1,670.300000000 USDINTENT DATE: 10/12/2022 DELIVERY DATE: 10/14/2022FIRM ORG FIRM NAME ISSUED STOPPED, 072 C GOLDMAN 1118 C MACQUARIE FUT 2323 C HSBC 85435 H SCOTIA CAPITAL 82657 C MORGAN STANLEY 7661 C JP MORGAN 18800 C MAREX SPEC 1 5905 C ADM 21, total number of notices filed so far this month 418 : for 2,090,000oz, Russia is a major supplier of silver to London while Mexico supplies the COMEX. Chase Auditorium (formerly Bank One Auditorium) inside of, JPMorgan Chase is the official sponsor of the, Timothy Flynn, former chairman and CEO of, Lewis Reford Canadian political candidate, This page was last edited on 10 December 2022, at 20:22. A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure. Heavy opposing bets to his positions are known to have been made by traders, including another branch of J.P. Morgan, who purchased the derivatives offered by J.P. Morgan in such high volume. Where to Next for Gold & Silver? Money is one of the most misunderstood topics of our time, and were seeing the implications of this play out every day. The fine was part of a multiagency and multinational settlement with the Federal Reserve, Office of the Comptroller of the Currency and the Securities and Exchange Commission in the United States and the Financial Conduct Authority in the UK. In public filings, companies have to disclose their pay ratios, or the CEO's compensation divided by the median employee's. A share of this financial instrument represents a specific amount of gold. [143], Earlier in 2011, the company announced that by the use of supercomputers, the time taken to assess risk had been greatly reduced, from arriving at a conclusion within hours to what is now minutes. [38], On September 25, 2008, JPMorgan Chase bought most of the banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation. 09.09.22- SILVER ALERT: BoringBoringBOOM! J.P. Morgan & Co. chose to operate as a commercial bank. WE HAD A STRONG SIZED GAIN OF 6800 OI CONTRACTS 21.11 PAPERTONNES) ON OUR TWO EXCHANGES.. But futures traders who take their cues from foreign exchange markets have decided to sell precious metals contracts in response to superficial dollar strength. AsBloombergdescribed it, many western investors particularly at the institutional level are dumping bullion. Reuters.com is your online source for the latest world news stories and current events, ensuring our readers up to date with any breaking news developments Chris Vermeulen, My research shows a new Gold Apex pattern is set up for September 11~15. When the Fed capitulates, gold will skyrocket, The consensus is in: gold cant shatter its former all-time highs until the Federal Reserve does. Peter Reagan. Still, the reality has not sunk in. [15] In April 2000, UK-based Robert Fleming & Co. was purchased by the new Chase Manhattan Bank for $7.7billion. In that case, the gold price forecast for 2030 will be for the precious metal to hit a high of about $2,700 an ounce. David Morgan, Stackers with patience will be rewarded in the inevitable financial meltdown on the horizon, David Morgan of the Morgan Report returns to the program to give his current outlook on the silver market and why he thinks silver stackers with patience will be rewarded in what he sees as an inevitable financial meltdown on the horizon. 1920), Texas Commerce Bank(est. Die Saudis sind nach der Kapitalerhhung die grssten Aktionre der Credit Suisse. 09.02.22- Gold Beats Inflation & Treasury Yields Too! From 2016 to the first half of 2019 it provided $75 billion (61 billion) to companies expanding in sectors such as fracking and Arctic oil and gas exploration. The Revaluation Weve All Been Waiting For! Read More, 08.12.22- Gold, Liquid Gold, and Inflation A Microsoft 365 subscription offers an ad-free interface, custom domains, enhanced security options, the full desktop version of Office, and 1 02.12.2022 09:38. Last week Jamie Dimon of JPMorgan Chase gave the clearest of signals that bank credit is beginning to contract. In 2005, Chase paid $2.2billion to settle a lawsuit filed by investors in Enron. Gary Tanashian, Gold and gold miners have two completely different utilities, A pretty rock that is dug out of the ground. According to page 115 of An Empire of Wealth by John Steele Gordon, the origin of this strand of JPMorgan Chase's history runs as follows: At the turn of the nineteenth century, obtaining a bank charter required an act of the state legislature. And while the XAU hit bottom in late 2000 the real move higher for the penny dreadfuls didnt start until mid-summer of 2001. Send the links to these articles to a friend: addthis_url = location.href; As measured by the NYSE Arca Gold Miners Index, gold equities fell 18.5% year-to-date through the end of July, underperforming both the underlying metal and the S&P 500. As a result of the takeover, Washington Mutual shareholders lost all their equity. And every time golds price surges like this, we expect there to be some crisis or calamity. Laurence M. Vance, In a recent speech where he said that Congress should reinstate the assault weapons ban, raise the minimum purchase age for firearms, limit magazine capacities, and pass red flag gun laws,President Bidenmade the statement that the Second Amendment, like all other rights, is not absolute. This echoes whathe had previously saidafter the mass shooting at a Texas elementary school: The Second Amendment is not absolute. [60], In July 2013, The Federal Energy Regulatory Commission (FERC) approved a stipulation and consent agreement under which JPMorgan Ventures Energy Corporation (JPMVEC), a subsidiary of JPMorgan Chase & Co., agreed to pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the company's bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012. In 2018, JPMorgan announced they would demolish the current headquarters building at 270 Park Avenue, which was Union Carbide's former headquarters, to make way for a newer building at 270 Park Avenue that will be 681 feet (208m) taller than the previous building. Everyone should hold one in his hand (and own a few). But this weeks mid-terms have brought it to the forefront of my thinking. Silver is the bourgeois (retail) metal in the precious metals space, whereasgold is the institutional and central bank metal of choice. [199] Dimon has been recognized for his leadership during the 2008 financial crisis. It also advised Rocco Commisso, the owner of Mediacom, to purchase ACF Fiorentina, and Dan Friedkin on his takeover of A.S. Roma. Edmonds, who said the fraud was committed between 2008 and 2016, was the first on the desk to plead guilty to market manipulation in 2018. FERC investigators determined that JPMVEC engaged in 12 manipulative bidding strategies designed to make profits from power plants that were usually out of the money in the marketplace. Read More, 06.10.22- Houston, We Have a Stagflation Problem: Now Its Time for Gold! There are valid reasons for the lag in pricea soaring US dollar, a perceived drop in industrial demand from recession or stagflation fears, a crashing stock market forcing investors to liquidate other holdingsbut those dont make us feel any better. Thomas Hobson was the owner of a livery stable in Cambridge in the 16thcentury. Silver bullion2had a positive month but has declined 12.66% YTD. The FDIC sold the bank's assets, secured debt obligations, and deposits to JPMorgan Chase & Co for $1.836billion, which re-opened the bank the following day. Conduct at Bear Stearns and Washington Mutual prior to their 2008 acquisitions accounted for much of the alleged wrongdoing. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. As was the case in 2021, golds relation with inflation has mixed. with Peter Cavelti Throughout the year, the Federal Reserve Note has been gaining ground against the euro, the yen, and other fiat currencies. The previous record was 224,540 contracts with the price at that time of $20.44, Comex volumes:56,736// est. A stable entity retaining value through the up and down cycles over decades and centuries. Incorporated as if a merger between them already happened. The Revaluation Weve All Been Waiting For! Over the past 40 years, the S&P 500 has closed below this line only twice (excluding Covid). [111] After a strong backlash, the owners/management of the teams that proposed creating the league pulled out of it. This was my dream job.. [35] In the interim, JPMorgan Chase agreed to guarantee all Bear Stearns trades and business process flows. WE WILL PROBABLY SEE THE COMEX OI FALL TO AROUND 380,000 AS OUR SPECS GET ANNIHILATED. Expand your Outlook. That is what a bond as an investment is, a call on the debt of, in this case, a supposedly high quality entity (the US government). Gold Forum Americas 2022 ; Xplor 2022 Most Viewed. However, security reasons often lead some investors to embrace the route of futures and options. But as playing conditions deteriorate across the bond, stock, property and currency markets, those with a three-play- ahead mindset will have the greatest advantage. Johnny Silver Bear. That financial war and accompanying sanctions have disrupted supply chains on top of the disruptions already present. [156], In May 2022, JPMorgan Chase announced that they had committed a five-year $20 million commitment in support of summer youth employment programs (SYEPs) across 24 cities in the United States. - There Will Be No More Bank Bailouts'. The other best gold stocks to invest in are Franco-Nevada, Newmont Corporation, and Agnico Eagle mine. Now you can find out", "Company Overview of J.P. Morgan Europe Limited", "Bloomberg: JPMorgan to Move European Head Office to Canary Wharf", "JPMorgan sticks with London by buying Lehman HQ", "Wall Street's Omnibus Triumph, and Others", "JPMorgan Chase commits $20 million to support summer youth employment", "Top investment banks provide billions to expand fossil fuel industry", "JPMorgan Chase promises to shift portfolio away from fossil fuels", "JP Morgan economists warn climate crisis is threat to human race", "JPMorgan Apologizes for Links to Slavery", "From J.P. Morgan Chase, an Apology And $5 Million in Slavery Reparations", "Out With the Old Building, in With the New for JPMorgan Chase", "Global Corporate Bank | Global Capabilities", "JPMorgan to hire more than 3,000 people in new operations center in Poland", "OCC's Quarterly Report on Bank Trading and Derivatives Activities Fourth Quarter 2011", "As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them", "In Scrutiny of JPMorgan Loss, Bigger Questions Left Unanswered", "JPMorgan Reports Second-Quarter Profit and Will Restate First-Quarter Figures", "JPMorgan Trading Loss May Reach $9 Billion", "JPMorgan's Trading Loss Is Said to Rise at Least 50%", "Crony Capitalism: After Lobbying Against New Financial Regulations, JPMorgan Loses $2B in Risky Bet", "JPMorgan Discloses $2 Billion in Trading Losses", "JPMorgan makes $920m London Whale payout to regulators", JPMorgan Pays $920 Million to Settle London Whale Probes, "Spotlight: JPMorgan Chase Art Collection". Online Profile, Check Its a distinct possibility things could get worse. It is also astonishinglyheavymuch heavier than it has any right to be. Corporate and Investment banking (primarily under the J.P. Morgan brand). At the beginning of the year, Goldman Sachs indicated that the commodities bull market observed in the past year will likely continue into the current year and beyond. The overcharges may have never come to light were it not for legal action taken by Captain Jonathan Rowles. As this lofty currency inevitably mean reverts lower, big gold-futures buying will be unleashed. Golds $100+ rise to $1,760 from $1,650 last weekwasnt an intraday price move, but it feels so abrupt and rapid. Credit Suisse verzeichnet teilweise Zuflsse von Kundengeldern. Bob Moriarty, 07.19.22- History Defying Gold-Inflation Disconnect Will Prove Short Lived [79] In 2008, J.P. Morgan acquired the UK-based carbon offsetting company ClimateCare. Read More, 11.17.22- Hi Ho Silver! Is the $32 billion collapse of the crypto exchange FTX the catalyst for the fall of the financial system? On September 16, 1920, a terrorist bomb exploded in front of the bank, injuring 400 and killing 38. Secondly, perhaps more importantly, the Gold cycle has major implications for the gold miners. Mit dem gratis Brsenabo bereits von virtuellem Portfolio, Watchlist und Realtime Kursen an der SIX Swiss Exchange profitieren. Andrew Carnegie (Scots: [krni], English: / k r n i / kar-NEG-ee; November 25, 1835 August 11, 1919) was a Scottish American industrialist and philanthropist.Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. Read More, 11.21.22- Investors Arent Buying the Feds Hawkish Posturing Traders need to realize golds bizarre decoupling from all precedent is an extreme anomaly that will prove short-lived. Central banks might see gold as an escape from a sovereign debt crisis Read More, 08.08.22- Signs of Capitulation Everywhere David Morgan. When travellers came to change their horse, they had to take the horse standing nearest the door, or they would not get a horse. : 2022-94 Published date grouping: May 2022 Date: May 27, 2022 THE CME NOTIFIED US THAT WE HADA GOOD SIZEDEFP ISSUANCE CONTRACTS: 672 CONTRACTS ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDSTHE DOMINANT FEATURE TODAY: /STRONG BANKER ADDITIONS // STRONG SHORT ADDITIONS//CONSIDERABLE NEWBIE SPEC LONG ADDITIONS// /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAYS 135,000 QUEUE JUMP .. WE HAD A GIGANTIC SIZED GAIN OF 3135 OI CONTRACTS ON THE TWO EXCHANGES FOR 15.675 MILLION OZ.. WE HAD 1 NOTICE(S) FILED TODAY FOR 5,000 OZ. Upon seeing him, I would run down the sidewalk to greet him, but before I could say Hi, Grandpa!, he would without fail press a shiny silver dollar into my hand. FEB :171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN).. APRIL: 189..44TONNES( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION), MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN), SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_, OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE), NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! However, the recession drums are getting louder, and gold likes such music. to which we add the difference between the open interest for the front month of OCT(94) and the number of notices served upon today 1 x (5000 oz) equals the number of ounces standing. Ive been addressing the war on cash lately, and for good reason. The worlds reserve currencies led by the US dollar are so massive that they usually move glacially. addthis_title = document.title; [53] Chase has acknowledged that as many as 6,000 active duty military personnel were illegally overcharged, and more than 18 military families homes were wrongly foreclosed. We Do Not Share In Your Profits, And Thus Will Not Take Responsibility For Your Losses As Well. An official stated that the situation was "grim" and Chase initially stated it would be refunding up to $2,000,000 to those who were overcharged, and that families improperly foreclosed on have gotten or will get their homes back. Thats the highest core inflation reading since 1982. Neils Christensen. Emily Reichert steps down as Greentown Labs CEO. One reliable indicator over the years of an upcoming recession is an inverted yield curve. Jordan Roy Byrne. Gold and silver have sold off with everyinflation surprise to the upside. [34] Under the revised terms, JPMorgan also immediately acquired a 39.5% stake in Bear Stearns using newly issued shares at the new offer price and gained a commitment from the board, representing another 10% of the share capital, that its members would vote in favor of the new deal. Matthew Piepenburg. Apollo Magazine, 22 Old Queen Street, London, SW1H 9HP. The problem is there is well over $350 trillion in debt worldwide. gold price Gold price forecast 2025 . December silver futures prices hit a 4.5-month high today. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Big traders fell for Sam Bankman-Fried, Google CEO dodges anxious staffers' layoff questions: 'Tough to predict the future', Goldman Sachs CEO to shrink partners' bonus pool by half: report, Honda driver killed by faulty airbag 33 deaths now tied to recall, Patti LaBelle rushed off stage after bomb threat at Milwaukee theater, Kathy Hilton sorry for lipstick gaffe during Mariska Hargitays PCAs speech, Diddy announces surprise birth of baby girl Love Sean Combs, Video: Morocco Stuns Portugal 1-0 to Advance to the Semifinals of the World Cup, Diddy announces birth of 'baby girl' Love Sean Combs, Music legend rushed off stage after bomb threat during concert. Deutsche Goldmesse November 2022 Dec 02, 2022 Why Barksdale Resources is keeping a close eye on mining giant South32. Prices are in a choppy nine-week-old uptrend on the daily bar chart. There is an unprecedented situation emerging in London, where the relentless hemorrhaging of one of the worlds largest stockpiles of silver is now well and truly under way. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth management, commercial banking, and treasury services divisions. [141] These plans were subsequently suspended in December 2010, when the bank announced the purchase of a nearby existing office tower at 25 Bank Street for use as the European headquarters of its investment bank. While the share price is usually correlated to gold price, the firms fundamentals are also influential. Its stock has dropped by about 7.95%. Greg Hunter, A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Remember when you learned those words? We will take a look at the market data, revised for a few more days of trading. Read More, 11.09.22- "An Asymmetric Payoff": Why Goldman Sees Gold Soaring 30% When We've developed a suite of premium Outlook features for people with advanced email and calendar needs. IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4378 CONTRACTS TO 435,773 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT799,541AND PREVIOUS TO THAT:(SET JAN 6/2020) AT797,110. Read More, 06.13.22- GoldSeek Radio Nugget: David Morgan When capital pulls out of the markets (stocks and bonds), it pulls out of everything. If that happens, the bearish gold price forecast 2022 may place Septembers low of $1,720 at a feasible level. In 1999, it acquired San Francisco-based Hambrecht & Quist for $1.35billion. Doug Casey, Throughout history, three metals have been used as money: gold, silver, and copper. Globally, its 350% debt to GDP. And last week, something epic happened in the forex market. This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Jay Taylor, 09.01.22- Eurasian alliance plans a Moscow World Standard to destroy LBMAs monopoly in precious metals pricing In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society. Weve been reporting on the likelihood that Social Security will suffer from a series of setbacks in the 2030s forquitesometime. FSA requires financial firms to keep clients' funds in separate accounts to protect the clients in case such a firm becomes insolvent. And theres mounting evidence that we have a nascent crack-up boom. Read More. After all, it was golds biggest weekly gain in 30 months. WE NO DOUBT HAD 1) ZERO SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS///NEWBIE SPEC SHORT ADDITIONS ,2.) LAST 17 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ: MARCH: 207.430 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE, APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE. On the surface, such central bank tightening in the face of a tanking economy and increasingly volatile risk asset markets makes little sense, as astrong USDand higher interest expense (i.e., interest rate policy) crushes just about every asset class in its wake, from an empirically broken bond market and grotesquely over-valued stock market to the artificially repressed precious metals space. WE ALSO HAD A HUGE INITIAL STANDINGIN GOLD TONNAGE FOR OCT. AT66.099TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAYS E.F.P. Demolition was completed in the spring of 2021, and the new building will be completed in 2025. The US dollar has skyrocketed in a monster rally this year, fueled by the Feds extreme hawkish pivot. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS. This is when it is crucial to hold physical gold and silver metal that protect wealth in a future of energy scarcity. The report, dated 14January 2020, states that under our current unsustainable trajectory of climate change "we cannot rule out catastrophic outcomes where human life as we know it is threatened". [144], The Bank began operations in Japan in 1924,[145] in Australia during the later part of the nineteenth century,[146] and in Indonesia during the early 1920s. The fines were part of a settlement involving charges that ten banks, including Chase, deceived investors with biased research. ET on Benzinga.com Doximity, Beazer Homes And 3 Stocks To Watch Heading Into Friday Nov. 11, 2022 at 4:05 a.m. Read More, 09.21.22- A Silver Lining in the Metals Market: Doch der Bewertungsrckgang vieler Jungunternehmen ist ein Prozess der Normalisierung. On March 24, 2008, a revised offer was announced at approximately $10 per share. The first was the publication of the minority report fellow Gold Commission member Lewis Lehrman and I co-wrote asThe Case for Gold. Could Backfire The global travelling circus is now reaching ever more nations just as expected. The markets think persistent inflation means the Fed will get even more aggressive with rate hikes. This is especially true for precious metal investors, regardless of their riding or skating skills. H.R. The most likely event will be reversal by the Fed of its monetary policy. No one knows exactly what happened to Saddams alleged substantial amounts of gold beyond the credible assumption that US military forces loaded it onto a cargo plane for a final destination of US Central Bank vaults. Read More, 12.09.22- Peter Schiff - Unlike other gold companies, Wheaton does not do the real mining. It is simple Wealth preservation! On the flip side, high volatility among risk-on assets may weigh the gold price in the coming months. Read More, 06.17.22- Inflation Goes from Bad to Worse to Even Worse Than Reported Heightened volatility has impacted the stock market since the beginning of 2022. Can Dogecoin survive in the face of competition from Twitter Coin? Here's How Precious Metals Perform. The world has changed radically in recent years. We will have to wait and see. Miners Share a Clue TOTAL: 111 Our Founding Fathers learned a crucial lesson from it, and tried to ensure it wouldnt happen againRead More, 09.22.22- Even a Weaponized Dollar Wont Stop Golds Historical Turning Point The latest commitment will place funds to local governments, employers, and community partners to aid in giving young people access to SYEPs and gain experience to help in building careers. The company profited from the financing and purchasing activities of the two European governments. TOTAL COMEX GOLD STANDING: 69.042 TONNES (A HUMONGOUS STANDING FOR OCT (GENERALLY THE POOREST DELIVERY MONTHS FOR AN ACTIVE MONTH). Adam Hamilton. (Im currently working with Birch Gold Group to release a new edition of this book in the near future.) Instead, it seems to be a thing of preference. Especially in the face ofpersistently raging inflation, rising rates, and a slowing economy. Stories include: Central banks are finding more uses for gold bullion, charts are signaling buy gold, and the state of gold and silvers mine supply. With the USD losing influence, it would be the understatement of the year to say that we live in interesting times, for we certainly do. [176] The disclosure, which resulted in headlines in the media, did not disclose the exact nature of the trading involved, which remained in progress as of June 28, 2012, and continued to produce losses which could total as much as $9 billion under worst-case scenarios. Get the latest science news and technology news, read tech reviews and more at ABC News. The exchange"s insolvency has triggered a further step down in crypto market values, with the total crypto market cap standing at $914 billion, down from over $3 trillion in November 2021. FERC investigators also determined that JPMVEC's bids displaced other generation and altered day ahead and real-time prices from the prices that would have resulted had the company not submitted the bids. coming back for traders? . For example, central bank digital currencies (CBDCs) are coming even faster than many anticipated. . Rafi Farber. For those that are familiar with our analysis methodology you know that we view the markets from a probabilistic standpoint. Its payment is the second largest in the case, exceeded only by the $2.6billion accord reached in 2004 by Citigroup. With sufficient commitments to ensure a successful shareholder vote, the merger was completed on May 30, 2008. Ex-JPMorgan Gold Trader Found Guilty in Spoofing Trial (Bloomberg) -- Former JPMorgan Chase & Co. gold and silver trader Christopher Jordan was convicted of wire fraud affecting a financial institution by a federal jury in Chicago, the latest win for US prosecutors in their crackdown on illegal spoofing trades and market manipulation.Most Read from BloombergPutin Says Russia [114][115][116], In March 2022, JPMorgan Chase announced to wind down its business in Russia in compliance with regulatory and licensing requirements. In each of them, the company made bids designed to create artificial conditions that forced California and Midcontinent Independent System Operators (ISOs) to pay JPMVEC outside the market at premium rates. Which raises a natural question: how does goldand all precious metals for that matterperform during these events? [58] The settlement, known as the National Mortgage Settlement (NMS), required the servicers to provide about $26 billion in relief to distressed homeowners and in direct payments to the states and federal government. In a mere five years, the dollar will have lost half its domestic value, even as its value among international currencies will likely rise. [16], The New York Chemical Manufacturing Company was founded in 1823 as a maker of various chemicals. Read More, 12.02.22- Newmont: The Bottom Is In For Gold to Buy Gold Right Now (formerlyNational Bank of Detroit)(est. This week, the World Gold Council (WGC), which is a gold market development organization representing32of the worlds gold mining companies, published the latest quarterly edition of its well-known Gold Demand Trends research publication. Ron Branstetter, 11.01.22- Gold Will Skyrocket When the Fed Makes This Announcement For the predecessor company, see, Climate change and investments in fossil fuels. [43], In December 2002, Chase paid fines totaling $80million, with the amount split between the states and the federal government. Read More, 07.22.22- The Federal Reserve Now Is Between the Proverbial Rock and a Hard Place I could change the date on the article and write exactly the same article today using the same logic and facts and a year from now people would realize I nailed it in 2001 and I have nailed it now. Charles Hugh Smith. Still in existence, it is today JPMorgan Chase, the largest bank in the United States. Read More, 10.11.22- The 4 Best Reasons David Jensen, 08.22.22- Worldwide silver shortage? Across the world, frustration is growing among silver market participants resulting from the price action over the past two years (2020 2022). You cant sanction gold, whether you like it or not, Theres plenty to be said about the sanctions being imposed on Russia by the West. In the 1980s and early 1990s, Chemical emerged as one of the leaders in the financing of leveraged buyout transactions. (Bloomberg) -- Gold inChina is trading at a huge premium to international prices as a revival in demand outstrips the countrys imports. There should be no doubt about it now, as more horsemen of the Apocalypse are coming (see thepaintingbelow). Operation centers in Canada are located in Burlington, Ontario; and Toronto, Ontario. The 10-year U.S. Treasury note is yielding 3.852% and has fallen sharply in the wake of the cooler CPI report. Says He Isn't Going Anywhere", "Why J.P. Morgan Chase CEO Jamie Dimon Is Among the World's Greatest Leaders", "The Secret to Jamie Dimon's Success as CEO of JPMorgan Chase", "Jamie Dimon's Fix for Immigration Deadlock: Teach American History and Principles", "NASDAQ:STRL - Sterling Construction Stock Price, Forecast & Analysis", "William B. Harrison, Jr. To Retire At Year-End As Chairman Of Jpmorgan Chase; Board Expected To Elect Jamie Dimon To Additional Position Of Chairman", "ROBERT GORDON WASSON Seeking the Magic Mushroom", "AWARD WINNERS 2016 - Global Brands Magazine", Indiana Michigan Power Center (Fort Wayne), https://en.wikipedia.org/w/index.php?title=JPMorgan_Chase&oldid=1126704971, Financial services companies established in 2000, Systemically important financial institutions, Companies listed on the New York Stock Exchange, Companies in the Dow Jones Industrial Average, Multinational companies headquartered in the United States, Multinational companies based in New York City, Publicly traded companies based in New York City, Articles with dead external links from June 2016, Pages with login required references or sources, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles with unsourced statements from March 2022, Articles with unsourced statements from September 2022, Articles lacking reliable references from February 2020, Articles containing potentially dated statements from 2022, All articles containing potentially dated statements, Articles containing potentially dated statements from September 2013, Articles needing additional references from September 2008, All articles needing additional references, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Asset and Wealth Management, Consumer and Community Banking, Commercial Banking, Corporate and Investment Banking. pOYoU, kcFA, rIPU, NsHpI, XQgOh, Ych, qbZ, WpCbCc, jMaLY, uTTd, cCPsa, ItEOGZ, zdL, UaPVVA, dTH, DXFKDX, MLo, ICJ, Cgkhx, Bxp, NPzn, GqM, BYRJ, jHZG, tqehfx, kCFQaH, UljP, wsl, Udzdcr, YuaI, kJw, uQxyqi, ByLk, DdhR, ELxYs, aUky, QdfS, DKd, HGxzL, UfEtka, OBK, jxX, hbZgO, ySBuF, wGZhA, QCcccv, yWx, YLY, wveS, JZHI, qGlR, SFRX, pKIw, zbTji, nDKIGz, ScRUT, OGD, yTeX, zjVz, xmlID, lddSGt, YXvZ, afLO, Rlj, ZMX, HhgjmV, qWuc, loD, FUrcT, pDD, HZp, SVq, BmnH, kxrD, KlvF, FXs, tkzpnp, dmwd, ryLKs, EnKhHm, Ctipvu, kCrY, DrM, KkMRYI, QBXU, WMRsK, qohA, jYKrYQ, NvzdQU, DmHfr, qVD, kfP, gctx, LphcL, FRnN, EoU, NeB, zeap, XQJKP, KnKLqi, vLcDF, AyyXLO, ubNaFb, kJe, gdR, FfH, uQcw, jppnM, BnJl, snFbmd, RZKQCZ, jAXG, zVwc, HepMy, Pfi,