08 March 2021

How the Banks and Hedge Funds Manipulate the Precious Metals Markets


"If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable.   Over the past 25 years the forces of regulatory liberalisation and demutualisation of markets have allowed the largest global banks to set the rules, processes and infrastructure of global markets to their own self-interested requirements."

London Banker, Lies, Damn Lies, and LIBOR 


"American political corruption was the buying up of legislatures and assemblies to keep them from doing the people's will and protecting the people's interests; it was the exploiter entrenching himself in power, it was financial autocracy undermining and destroying political democracy.   By the blindness and greed of ruling classes the people have been plunged into infinite misery.

It is difficult to get a man to understand something, when his salary depends on his not understanding it.” 

Upton Sinclair


"He who does not bellow the truth when he knows the truth makes himself the accomplice of liars and forgers."

Charles Peguy


When I write about 'running the stops' this is what I mean, as is explained in the video below.  They do it quite a bit in the metals markets, but also in the rest of them, including the bond markets.

There are commentators and sites that continue to excuse and cover up the corruption ongoing in the markets. 

You might be correct, given all the evidence, to be a bit skeptical if not suspicious of those professional scoffers, and the perennial promoters of unregulated 'free markets' in which powerful insiders have the ability to cheat and defraud the public at will.

The pity is that it still continues, along with quite a bit of additional antics and shenanigans.

Here is something I wrote back in 2009 about a particular event, which was called the Dr. Evil strategy by Citibank when the European regulators took them to task for running the stops in the European bond market. 

Ted Butler and many others have been doing good work citing and challenging this silver and gold market manipulation, for years.   Ted in particular has been writing the book on JPM and the silver market.

Bart Chilton passed away some years ago at age 58.   But Gary Gensler, his old boss, is now back again.   Will anything be done?

You can find the related pieces over time by clicking on the Dr. Evil topic here.

Here is Kyle Bass' opinion on the physical metals leverage in the Comex.  The video keeps getting taken down, but this copy remains.

And here is James Cramer's notorious description of how he manipulated the markets.

If you are trading with a online broker, do you notice how odd the price action has become when you place an order?

I do not seek to persuade you.  If you don't realize yet what is going on, it may be because you cannot.

I just feel an obligation to bring things like the video below into the light of day. 

Make up your own minds.

Or listen when the opinion molders say, 'nothing to see here move along,' and 'look look over there, people are trying to take your freedom by making you wear a mask.'

But if and when the physical markets blow up, as these highly leveraged schemes generally do, and no one could have seen it coming, and some outlandish rationale is advanced, you will know what happened, if you choose to see what has been there all along.