Jason Burack: More Former Metals Traders Charged (JP Morgan) With Gold Spoofing & Other Racketeering RICO Charges

Jason Burack: More Former Metals Traders Charged (JP Morgan) With Gold Spoofing & Other Racketeering RICO Charges

Wall St. For Main St., Released on 8/23/21 JP Morgan paid a $928 million fine for manipulating gold and silver markets in the last 24 months but last week 4 former JP Morgan metals traders were charged with spoofing and other racketeering (RICO) charges: https://www.reuters.com/legal/transac…  Commit to tipping us monthly for our hard work […]

Peter Hug: Gold price not ‘suppressed’ by spoofing and manipulation, here’s why

Peter Hug: Gold price not ‘suppressed’ by spoofing and manipulation, here’s why

Kitco News, Released on 10/9/20 Manipulation of the markets through spoofing distorts prices on a short-term basis, but has very little impact on the long-term trends, said Peter Hug, global trading director of Kitco Metals. “It does distort pricing on a short-term basis, but does it materially hurt a retail investor on a longer trend? […]