For years, silver and gold bugs were mocked for claiming JP Morgan was suppressing precious metal prices. In 2020, JPMorgan admitted to committing wire fraud and paid a record $920 million criminal penalty. Multiple traders were convicted for 'spoofing' -- placing thousands of fake orders to manipulate gold, silver, platinum, and palladium futures from 2008 to 2016. The DOJ called it a 'massive, multiyear scheme to manipulate the market.'
JP Morgan traders convicted of manipulating gold and silver prices for 8+ years using spoofing
βJP Morgan is manipulating the silver market through massive short positions and spoofing. The bank holds concentrated short positions that no legitimate hedger would maintain.β
π The Receipts
βοΈ The Record, Side by Side
What they said vs. what the evidence shows
β³ The Vindication Timeline
From βcrazyβ to confirmed
The Claim Is Made
This is the moment they called it crazy.
Confirmed: They Were Right
The truth comes out. Officially documented.
Confirmed: They Were Right
The truth comes out. Officially documented.
π How Right We Were
The People Speak(178)
No one's said anything yet. Be the first to drop your take.
Related Claims
PARTIALπ Finance & BankingBlackRock/Vanguard #1 investor in 84% of S&P 500 - own competitors
5.9K votes
Dismissed by β CNBC
DISPUTEDπ Finance & BankingSilverstein signed WTC lease with $3.55B terrorism insurance 7 weeks before 9/11
5.7K votes
Dismissed by β Snopes
PROVEN RIGHTπ Finance & Banking11.5M documents, 12 world leaders exposed - follow-up journalist car-bombed
5.3K votes
PARTIALπ Finance & BankingSen. Burr sold $1.7M in stocks after classified COVID briefing while publicly downplaying the virus
5.2K votes
Dismissed by β Sen. Burr spokesperson
PARTIALπ Finance & BankingGameStop revealed Wall Street's naked short selling problem -- stocks shorted over 140% of available shares
5.2K votes
Dismissed by β Citadel Securities CEO Ken Griffin
PARTIALπ Finance & BankingMembers of Congress consistently beat the stock market -- Nancy Pelosi's trades outperformed hedge funds while she shaped tech regulation
5.1K votes
Dismissed by β Speaker Nancy Pelosi