US DOJ: JPMorgan’s Precious Metals Desk was a Criminal Enterprise

Well, well, well. Something very interesting happened this past week: the US Department of Justice filed charges against three top traders working on JPMorgan’s precious metals desk for manipulating metals prices over the past decade.

Finally, the gold and silver bugs who have been shouting of blatant manipulation in metals prices (and often being ridiculed or labeled conspiracy theorists) are being vindicated.… Read more