Commodity Trade Mantra

Posts Tagged ‘Precious Metals Trading’

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though, central banks in general and the Fed in particular are among the biggest gold manipulators.

The Fed Bailed Out The Comex With Hypothecated Gold

COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. That same day, JPMorgan transferred 177,402 troy ounces of gold into COMEX registered gold stockpiles – just enough to cover the shortfall. Did JPMorgan Chase just engage in a bailout?

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