OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

I’ve never heard of any investors receiving that money. I expect the gov just kept it for itself. That’s doesn’t surprise me.

Hi Ipso,

Yep, their plan has worked perfectly – can’t have that pesky real money threaten their fiat.

Here’s a question – JPM was recently fined $900+ million.

Where does that money go?  I can’t remember seeing anything at all about restitution to the victims of JPM’s crimes.

[snip] ….The JPMorgan case was part of a crackdown by federal prosecutors on illegal spoofing, where traders place bogus orders to move prices up or down and then quickly cancel them before they can be executed. Smith and Nowak used the technique to manipulate gold and silver prices from 2008 to 2016, or the entire duration of the period in which we said – and showed – that gold manipulation was rampant, for which were frequently mocked and ridiculed.

Convictions for Smith, Nowak and a third trader who was found guilty in November, Christopher Jordan, capped a string of wins by prosecutors in spoofing cases targeting some of Wall Street’s biggest banks, including Bank of America, Deutsche Bank AG and Morgan Stanley. Two former Deutsche Bank and two former Bank of America traders previously each received one-year sentences.

JPMorgan, the largest US bank and the biggest US financial criminal enterprise by far, agreed in 2020 to pay $920 million to settle the Justice Department’s allegations against it — the biggest fine by any financial institution accused of market manipulation since the 2008 global financial crisis.

Prosecutors also charged several members of the team Nowak led at JPMorgan. Three of them pleaded guilty and testified against Nowak and Smith. The witnesses described how Nowak and Smith routinely placed huge buy and sell orders they never intended to execute — part of their strategy to push prices in the direction that would profit the bank.

Christiaan Trunz, a former Smith protege and one of the traders who pleaded guilty and cooperated, told jurors that he learned to spoof by watching Nowak and Smith for years. When Trunz came under scrutiny for his own spoof trades, he said Nowak coached him to lie to compliance officials and later counseled him against pleading guilty as prosecutors were preparing criminal charges against top executives on the trading desk.

Trunz testified that Smith was so fast at placing and canceling bogus orders that his colleagues would joke that he needed to put ice on his fingers to cool them down.

“This was an open strategy on the desk,” said Trunz, who sat next to Smith and watched him click his computer mouse rapidly to place and cancel trades. “It wasn’t hidden.”

From <https://www.zerohedge.com/commodities/ex-head-jpmorgans-precious-metals-desk-sentenced-prison-manipulation>

You can hardly blame mining investors from being gun shy. We’ve been hammered for so long that the expectation is that more hammering is on the way. For this reason a turn around is likely to be a drawn out process. But I could be wrong … I often am … ask the missus!

Cheers

Newmont CEO’s Statement on Pending Acquisition of Newcrest Achieving Legal Effectiveness in Australia

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LEVIATHAN GOLD ANNOUNCES UPDATE ON SHARE CONSOLIDATION

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Moneta Intersects 0.95 g/t Au over 105.87 m and 1.49 g/t Au over 81.70 m at Tower Gold

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could be. I’m not getting any good vibes from the action yesterday or this morning. Oil is back in the $86.50 range, from $89 early yesterday (WTI).

You could be right, maybe peace will break out and pm’s will go back to normal.

Powell is speaking today as well, so there’s that too. We don’t go up when he speaks generally.

but the 10 yr is still up 7 bips. Metals still flat, although inching up a bit.

Shares flat.

Having a hard time getting excited about this action after yesterday in the shares.

Don’t want war, but it’s coming anyway. Curious the Israeli’s are waiting. I suspect they are seeing things in the north and south that give them pause.

Apparently we lost our ambassador or embassy in Lebanon. Tells me our Naval fleet may be intending to bomb Hezbollah from the coast to assist Israel.

Metals look good but the shares are tied to the hip with the SM.

I think the shares were sat on ystydy , as they are trying to bear raid, stop the Gold rally…….What I hear comming out of Israel, is this

Israel must not give Hezbollah a preemptive blow.
– It is forbidden to occupy the strip.
– We were warned against harming civilians.
– Biden forced the introduction of “humanitarian aid”, and loosened the pressure of the blockade.
– The US will give $100 million in aid to the Strip.
– Six billion dollars to Iran were not frozen.
– The administration will continue to claim that there is “no direct evidence” of Iranian involvement in the attack, thus protecting the continuation of its disastrous policy in the IDF from American public opinion.
– The position of the United States is that the majority of Palestinians who voted for Hamas do not really support it.
– Biden reiterated his belief in the two-state solution.

On the other hand:
– We received a generous aid package (which will also deepen our military dependence on the Americans).
– Two aircraft carriers arrived in the area with the stated goal of preventing Hezbollah from attacking (but on the condition that we would not attack either. We agreed).
– “The cooperation was deepened” (that is, American representatives were screwed into our decision-making processes so that we do not decide anything that is not approved by them).
– We got a hug.

in brief:
Biden blocked any way to an unequivocal Israeli victory picture, something that would make it clear to our enemies that we are weak, and dependent on others. A historic visit indeed. He made an important contribution to tipping the balance of power in the region against us.

If this was to pan out then in theory we deescalate…for a while….hence the hit on PM’s and Oil…..Not sure anyone else will listen to such crap.

Our Globalist masters do not want peace, I understand Israel’s desire for vengeance.

The question is why does the US want war? This is Israel’s gig, not ours.

Guaranteed this will be a wider war. China and Russia will swoop in and pick up the pieces.

US Vetoes UN Resolution For Gaza Ceasefire As Biden Visit Fails To Calm Fears Of Wider War

10 yr approaching 5% @ 4.97%, Dollar flat though.

PM’s flat, dollar flat. Oil down a buck to $87

Not a ZH subscriber, but this would make total sense. Add to the this, there is a meeting involving 120 countries tomorrow for China/Russia belt and road initiative.

NJ Transit trainset
https://railpictures.net/photo/823816/