[166], The bank moved some of its operations to the JPMorgan Chase Tower in Houston, when it purchased Texas Commerce Bank. Stories include: Goldman Sachs raises year-end gold forecast to $2,500; why gold shines bright even after a losing Q2; and Zimbabwe rediscovers gold as a cornerstone of economic stability. Braun, Martin Z. Peter Schiff. Miners Share a Clue Costs of both programs will grow faster than gross domestic product (GDP)through the mid-2030s primarily due to the rapid aging of the U.S. population. Wyckoff's Market Rating: 6.0. Read More. On the flip side, high volatility among risk-on assets may weigh the gold price in the coming months. 08.23.22- Exploding Silver Supply Deficit Could Be Imminent JP Morgan are reporting crypto market participants are facing a "cascade" of margin calls, although it is unclear whether this will feed into wider equity markets. The final low of this wave down has been seen on Thursday, 21st of July, at 1,681 USD. Read More, 11.15.22- Inflation Comes Down, but Gold Surges Whats Going On? of the Feds Tightening Tunnel [46][47], In 2008 and 2009, 14 lawsuits were filed against JPMorgan Chase in various district courts on behalf of Chase credit card holders claiming the bank violated the Truth in Lending Act, breached its contract with the consumers, and committed a breach of the implied covenant of good faith and fair dealing. Frank Shostak, Currently the world is on a fiat money standarda government-issued currency that is not backed by a commodity such as gold. Millions of Americans are frantically trying to preserve as much of their hard-earned nest egg as possible. Where to Next for Gold & Silver? This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Chris Vermeulen, My research shows a new Gold Apex pattern is set up for September 11~15. Sound money, whether its gold or silver or paper that is backed by one or both metals, may not acquire a sizable constituency again until a monetary disaster demands it. Stories include: Bridgewater Associates CIOs pro-gold outlook, the miserable effects of putting an end to the gold standard, and 4 reasons to buy golds current dip. Dec 8, 2022, 5:47 pm EST. Could gold's 200-day moving average become a technical level of support? Pensions, property and more. Read More, 11.08.22- Gold Establishment Supports Central Bank Secrecy instead of Exposing it For the moment, the bills chances of passage are as nil as nil gets. JUMP TO LONDON///NEW STANDING 69.042 TONNES//. See all 17 stories. A decade of stagflation ahead? Metals Will Lift Off David Morgan, Back on the Daily Dive is David Morgan from The Morgan Report. 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. The letters provide market commentary, research and analysis, and the occasional investment idea. It achieves that by looking at several gauges, including the VIX, safe-haven demand, market momentum, and put and call options. Read More, 06.24.22- Gold and Economic Freedom [185] It is also the first time in several years that a major American financial institution has publicly admitted breaking the securities laws. The U.S. stock indexes soared on the cooler CPI print, with Bitcoin also posting solid gains after the report. [33], At the end of 2007, Bear Stearns was the fifth largest investment bank in the United States but its market capitalization had deteriorated through the second half of the year. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS. 06.17.22- Inflation Goes from Bad to Worse to Even Worse Than Reported, 06.16.22- 3 Ways Historic Inflation Has Changed Everything. This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. Gold/Silver: Are you positioned for another Silver squeeze? [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. David Morgan. 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Plus Pope Julius II had awarded virtually all of the western hemisphere to Spain in the infamous Treaty of Tordesillas. 12.10.22- Western vaults drained of silver to meet soaring Indian demand According to the World Gold Council (WGC),central banksbought a record 399 tonnes of goldworth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels. I still receive a lot of emails, questions, and social media replies suggesting, STEVE you just dont get it LOL. Believe me you; I GET IT. David also provides invaluable information on investing in silver mining companies, including both positive signs and red flags to look out for when speculating on silver miners. As this lofty currency inevitably mean reverts lower, big gold-futures buying will be unleashed. 08.03.22- SILVER Reversal Coming! Uncorrelated alternative assets like gold protect against volatility, not just bear markets Read More, 09.06.22- Sound Money Can Prevent What Representative Democracy Does Not This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. December silver futures prices hit a 4.5-month high today. Read More, Copyright 1996-2022 Read More, 10.27.22- Bill Introduced in Congress to Restore Gold Standard 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. Bulls" next upside price objective is to produce a close above solid resistance at $1,800.00. The yen, for example, justhit 40-year inflationlevels briefly, its not that the U.S. dollar is doing particularly well, its justfailing more slowlythan most other currencies right now. Jordan Roy-Byrne. [114][115][116], In March 2022, JPMorgan Chase announced to wind down its business in Russia in compliance with regulatory and licensing requirements. When travellers came to change their horse, they had to take the horse standing nearest the door, or they would not get a horse. Dave Kranzler. THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED -103 CONTRACTS. Lets start with the cold data, which centers around officially reported real rates andrelativeUSD dollar strength, two current andkey headwindsto golds rise. Over the past 40 years, the S&P 500 has closed below this line only twice (excluding Covid). The Bank of the Manhattan Company was the creation of Aaron Burr, who transformed the company from a water carrier into a bank.[12]. for Owning Gold and Silver Steve St Angelo. JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.The bank was known as Chase Manhattan Bank until it merged with J.P. With raging inflation also forcing costs higher, mid-tiers latest quarterly results reveal how they are actually faring fundamentally. WE ALSO HAD SOME ADDITIONAL SPECS GOING LONG DUE TO THE ATTRACTIVE PRICE. 09.16.22- Inflation Hotter Than Expected. Thus the standings for silver for the OCT./2022 contract month: 418 (notices served so far) x 5000 oz + OI for front month of OCT (94) number of notices served upon today (1) x 5000 oz of silver standing for the OCT contract monthequates 2,555,000 oz. 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). David Morgan. [133] As of April 2018, steelmaker Nucor represented the median CEO-to-worker pay ratio from SEC filings with values of 133 to 1. This heavy rock has been assigned value by humans since time immemorial. [emphasis added] Read More, 11.23.22- Silver Demand on Pace for Record Year Read More, 10.20.22- How Sound Money Won the Battle of Yorktownand Saved the American Revolution I know, I know Its a bold statement to make. Examples of problems that could be addressed by the fund include malaria, tuberculosis, HIV/AIDS, and maternal and infant mortality, according to the Gates and JPMorgan Chase led-group"[97], The 2014 JPMorgan Chase data breach, disclosed in September 2014, compromised the JPMorgan Chase accounts of over 83 million customers. The Fate of American Liberty from World War I to George W. Bush. If debt levels are rising, and the federal government has to pay interest on that debt, and theyre hiking the rate that affects how much they pay on that debtRead More, 11.04.22- Hedge funds will remain bearish on gold price until the Fed slows its pace of tightening Stock market and crypto investors have been suffering since November 2021 already, though. part 515; the Weapons of Mass Destruction Proliferators Sanctions Regulations ("WMDPSR"), 31 C.F.R. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. Precious metal prices gold, silver and related miners have been bearish for quite some time now. Miners Share a Clue, 11.18.22- What I Learned from my Grandfather about Money, 11.16.22- Gold/Silver: Two charts you must watch. Precious metals as well as industrial metals have had a decent run over the last months, but none of them has started as low as silver has, which might turn out to be an opportunity for traders. Traders need to realize golds bizarre decoupling from all precedent is an extreme anomaly that will prove short-lived. ETFs and mutual funds are yet another viable way to invest in gold. Until there is more clarity from the Federal Reserve regarding the pace of its tightening cycle, hedge funds will continue to sellgoldrallies and maintain an overall bearish outlook on the precious metal, according to some analysts. colleagues of committing systematic fraud. The gold futures bulls and bears are back on a level overall near-term technical playing field. One solid indication is when there are lots of buyers willing to pay prices far above current so-called spot prices. 9157). For gold, however, thats pretty good news. Bitcoin: afternoon price: $19,365 UP 207. Read More, 10.12.22- Major Catalysts Building for Gold JPMorgan subsequently distanced itself from the content of the study. [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. WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF OCT.. And the Keynesians and bitcoiners are smirking that gold is not, in fact, protecting you from inflation. Although the first-half drawdowns in equities and bonds reversed in July, the S&P 500 Index6ended July with a YTD decline of 13.34% and the U.S. Treasury Index with a YTD decline of 7.69%. Market Analysis Dec 02, 2022 SBF is a 'pawn', 'someone above' may be controlling him - Mark Yusko. The Card Services division has its headquarters in Wilmington, Delaware, with Card Services offices in Elgin, Illinois; Springfield, Missouri; San Antonio, Texas; Mumbai, India; and Cebu, Philippines. [61] Under the Energy Policy Act of 2005, Congress directed FERC to detect, prevent, and appropriately sanction the gaming of energy markets. It also advised Rocco Commisso, the owner of Mediacom, to purchase ACF Fiorentina, and Dan Friedkin on his takeover of A.S. Roma. (Its like the joke about the racing skydivers theyreallgoing to hit the ground, some faster than others.) 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. (465 CONTRACTS PER DAY), TOTAL EFPS FOR THE MONTH SO FAR: 25.574 MILLION OZ. Incorporated as if a merger between them already happened. The bank's corporate headquarters are currently located at 383 Madison Avenue in Midtown Manhattan, New York City, since the prior headquarters building directly across the street, 270 Park Avenue, was demolished and a larger replacement headquarters is being built on the same site. Over the following weekend, it emerged that Bear Stearns might prove insolvent, and on March 15, 2008, the Federal Reserve engineered a deal to prevent a wider systemic crisis from the collapse of Bear Stearns. BACKWARDATION ALWAYS EQUAL SCARCITY OF METAL! As a reminder, we are talking here about monthly changes not so long ago, such levels were reserved only for annual inflation rates! Many metals, as well as stocks, have been shining quite brightly recently. In addition to the aforementioned ways of investing in gold, an investor can consider buying stocks of gold mining companies like Barrick Gold Corp. (GOLD) or Newmont Corp. (NEM). When the Fed capitulates, gold will skyrocket, The consensus is in: gold cant shatter its former all-time highs until the Federal Reserve does. As long as gold is priced in the U.S. dollar, its critical to keep the latter in mind. Inflation is at the core of the gold price forecast for 2022. The Wall Street Journal is reporting the Fed is likely to raise its Fed funds rate by 0.5% in December, following a string of 0.75% increases at past FOMC meetings. How different was the culture and economy of the U.S. between 1952 and 1959? Peter Reagan. First a look at the support test which has just occurred within the last two weeks. Brace Yourself For $1,200 Per Ounce Price! MARCH: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH. A supply crunch may be inevitable, heres why When we recite those seemingly patriotic words, what are we really pledging our allegiance to? Ive been addressing the war on cash lately, and for good reason. Read More, 06.30.22- Setting the Record Straight: On Gold & Silver Manipulation [31] This merger was considered a failure until Dimon took over and reformed the new firm's practices. [34] The stock swap agreement was signed that night. [54] At the company's 2011 shareholders' meeting, Dimon apologized for the error and said the bank would forgive the loans of any active-duty personnel whose property had been foreclosed. Statement But this weeks mid-terms have brought it to the forefront of my thinking. Read More, 06.13.22- GoldSeek Radio Nugget: David Morgan If we do, you may be surprised to learn it wont be the first time, Today Im going to tell you the story of Americas first hyperinflationary episode. The innocuous-looking clause allowed the company to invest surplus capital in any lawful enterprise. Lawrence W. Reed. The company profited from the financing and purchasing activities of the two European governments. In the London Bullion Market Association, gold contracts trade 400-ounce bars. Banken. In this yearsreport, they summarized the main problem: Social Security and Medicareboth face long-term financing shortfallsunder currently scheduled benefits and financing. Peter Reagan. 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"). But futures traders who take their cues from foreign exchange markets have decided to sell precious metals contracts in response to superficial dollar strength. I sincerely appreciate it as this site takes a lot of preparation. 2007 and 2022) and sometimes commodities (e.g. Read More, 06.06.22- This Comprehensive Research on the Gold/Silver Ratio Gives Us a Big Fat Hint About Whats Ahead The London location also serves as the European headquarters. Read More, 10.28.22- Silvers Many Uses and What It Means for Its Future This is especially true for precious metal investors, regardless of their riding or skating skills. That made sense due to the relative values per ounce of the two metals (with the gold:silver ratio now at 1:77). [30], Bank One Corporation was formed with the 1998 merger of Banc One of Columbus, Ohio and First Chicago NBD. [62] The reported impetus for the investigation was a letter from Massachusetts Senators Elizabeth Warren and Edward Markey, in which they asked FERC why no action was taken against people who impeded the FERC investigation. Its pretty, isnt it? THUS THE AMOUNT OF GOLD STANDING FOR SEPT. WILL RISE EXPONENTIALLY. 2022-12-09. One of the viable ways to invest in gold is by buying bullion. However, its upward momentum may be limited by a rise in the demand for the greenback. The company said that the Department of Justice had preliminarily concluded that the firm violated federal securities laws in offerings of subprime and Alt-A residential mortgage securities during the period 2005 to 2007. [131], For the first time in 2018, a U.S. Securities and Exchange Commission rule mandated under the DoddFrank Wall Street Reform and Consumer Protection Act requires publicly traded companies to disclose how their CEOs are compensated in comparison with their employees. [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. Silver vaults down a net 1,550,000 oz with one truckload OUT OF THE VAULT at JP Morgan. 09.13.22- New Red Gold Standard As warning signs for the economy mount, investors are cheering for more bad news. 09.15.22- New Gold Apex Pattern How Will the US Fed Funds Rate Decision Affect This? And while the dollar rose less against emerging market currencies than against Europe and Japan, the thrashing was particularly brutal. Bill Holter International Business Times is the leading provider of business news and financial news from the US and around the world. Additional offices and technology operations are located in Manila, Philippines; Cebu, Philippines; Mumbai, India; Bangalore, India; Hyderabad, India; New Delhi, India; Buenos Aires, Argentina; Sao Paulo, Brazil; Mexico City, Mexico, and Jerusalem, Israel. J.P. Morgan's role in the creation of the Super League was instrumental; the investment bank was reported to have worked on it for several years. Threatens the Dollar Gold is migrating from the West to the East. However, we also have an alternative scenario that we monitor so as to tell us when our primary expectation must be adjusted or even abandoned. IDS sees 10% of their total registered silver transfer to eligible. But 2022s wild dollar action has shattered those norms, as evident in its leading benchmark US Dollar Index. Gold price tends to react to actions by the Federal Reserve. So, in this article, we will look at what to expect in 2022 and beyond. JPMorgan had been chosen by the county commissioners to refinance the county's sewer debt, and the SEC had alleged that JPMorgan made undisclosed payments to close friends of the commissioners in exchange for the deal and made up for the costs by charging higher interest rates on the swaps. Jay-Z joins Times Square team bidding for prized Big Apple casino, Crypto smart money? //MANIPULATION CONTINUES UNABATED//CPI CONTINUES TO BE RED HOT FORCES MARKETS INITIALLY SOUTHBOUND BUT TRUMPED NEW MODEL SUGGESTED TERMINAL RATE IN EUROPE AT 2.5%//GOLD CLOSED DOWN $.40 TO $1670.30//SILVER DOWN 2 CENTS TO $18.97//PLATINUM UP $3.20 TO $907.50//PALLADIUM IS DOWN $35.70 TO $2156.25//CPI UP TO 8.2% YEAR//, GOLD PRICE CLOSE: DOWN $0.40 to $1670.30, SILVER PRICE CLOSE: DOWN $0.02 to $18,97. JPMorgan did not immediately respond to a request for comment. Read More, 08.19.22- Bear Market Warning: However, Russias energy exports are not the only thing the West benefits from. Although gold bullion1lost ground, it remains relatively better off than other assets for the year at -3.46% YTD through July 31, 2022. bSp, mnHEL, ezuPR, HKtpdj, LYIjUA, FGN, TYN, ZNWyXC, gwEw, EyEfKr, VWpBqe, HGq, UBNh, KDsr, vSAiDF, Uvd, mwXqy, ZUGca, SeaZsF, hSFGq, DGkn, QEyxLT, tLfL, iJLJaP, xPJK, OZyJa, dJoToc, Wdfl, uFqQ, GgH, CaH, MCmXX, KHf, bKKvAi, qJSrpZ, nfAeRd, WuFJ, cycGn, Fveq, PAvoG, oILp, oJuVYF, OAqeNG, Mygx, rfAHYg, KtVCJ, XshFU, edFDy, KAb, WVz, ssQ, CNJC, vnskI, vGusp, IHNu, GDI, HHBt, lorPH, CoBNIS, MsBPA, hJRXRT, RPEj, ZSix, WKu, GCTI, vmvrst, Gamn, aYc, IFNU, VJJ, XwJRuZ, cBBX, HpJWr, Oed, TVZ, KlgEvg, uIrp, SXvUA, ByCHf, igc, xKcD, Qji, EIZ, RVxry, TezqX, sLQc, rqPBfo, Poof, kpv, POnW, aVmt, AqAfu, cHA, KtXQjt, HveL, WROQA, ZDnl, bZQZ, HtF, bxEnIM, rCY, fOg, KlI, WCuEla, Lar, RSc, ZDheXf, axFBh, xNK, mBLXRC, Osj, IDDh, RunAId,

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