L'institut tricolore peut par exemple vendre des dollars pour un pays en difficulté, qui ne souhaite pas donner l'impression d'intervenir sur le marché des changes et de défendre sa monnaie. Par son biais, l'opération passe sous les radars. Dans la même veine, une banque centrale étrangère n'a pas forcément envie que le monde entier sache qu'elle achète de l'or. Avantage supplémentaire : le précieux métal peut être conservé dans le sous-sol de Paris, à 26 mètres de profondeur, dans ce que l'on appelle la « Souterraine ». Des observateurs soufflent que l'Inde et certains pays du Golfe auraient recours aux services de l'institut de la rue La Vrillière

Former JP Morgan trader pleads guilty to manipulating US metals markets for years

John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.
Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.

Hugh Son | Dan Mangan
Published 16 Hours Ago Updated 15 Hours Ago CNBC.com











Pedestrians walk in front of the JPMorgan Chase headquarters building in New York.
Scott Mlyn | CNBC
Pedestrians walk in front of the JPMorgan Chase headquarters building in New York.

An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S. markets of an array of precious metals for about seven years -- and he has implicated his supervisors at the bank.

John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count each of conspiracy to commit wire fraud, price manipulation and spoofing, according to a Tuesday release from the U.S. Department of Justice. Edmonds spent 13 years at New York-based J.P. Morgan until leaving last year, according to his LinkedIn account.

As part of his plea, Edmonds said that from 2009 through 2015 he conspired with other J.P. Morgan traders to manipulate the prices of gold, silver, platinum and palladium futures contracts on exchanges run by the CME Group. He and others routinely placed orders that were quickly cancelled before the trades were executed, a price-distorting practice known as spoofing.

"For years, John Edmonds engaged in a sophisticated scheme to manipulate the market for precious metals futures contracts for his own gain by placing orders that were never intended to be executed," Assistant Attorney General Brian Benczkowski said in the release.

Of note for J.P. Morgan, the world's biggest investment bank by revenue: Edmonds, a relatively junior employee with the title of vice president, said that he learned this practice from more senior traders and that his supervisors at the firm knew of his actions.

Edmonds pleaded guilty under a charging document known as an "information." Prosecutors routinely use them to charge defendants who have agreed to cooperate with an ongoing investigation of other people or entities.

His sentencing is scheduled for Dec. 19. Edmonds faces up to 30 years in prison but is likely to receive less time than that. The guilty plea was entered under seal Oct. 9 and unsealed on Tuesday.

New York-based J.P. Morgan declined to comment on the case through a spokesman. It was reported earlier by the Financial Times.

J.P. Morgan learned about this case only recently, according to a person with knowledge of the matter. A recent regulatory filing from the bank didn't make any mention of the issue.

Le 18 Nov 2018 à 11:14:46

1) un événement majeur se profile dans la semaine du lundi 19 novembre.
Cet événement devrait faire monter le dollar en mode panique. Ce violent mouvement monétaire devrait engendrer une très forte baisse des indices en mode krach.

2)Durant les deux semaines qui viennent (…), les cours (des métaux) vont en quelques jours atteindre leur point bas. L’or pourrait chuter à 1000$ et l’argent autour de 12$. Je m’attends à ce que le point bas de l’argent soit touché dans les derniers jours de novembre et que la règle 589 soit appliquée dans les premiers jours de décembre, pour une hausse vertigineuse, comme personne n’oserait l’évoquer à voix haute. Jusqu’où ira la hausse ? Nul ne peut le dire. Évidemment, l’or sera entrainé à la hausse également, mais ce sera l’argent qui sera le plus impressionnant. Le ratio or/argent, qui est aujourd’hui de 1/85, va chuter comme une pierre

The seventh-century AD switch from gold to silver currencies transformed the socio-economic landscape of North-west Europe. The source of silver, however, has proven elusive. Recent research, integrating ice-core data from the Colle Gnifetti drill site in the Swiss Alps, geoarchaeological records and numismatic and historical data, has provided new evidence for this transformation. Annual ice-core resolution data are combined with lead pollution analysis to demonstrate that significant new silver mining facilitated the change to silver coinage, and dates the introduction of such coinage to c. AD 660. Archaeological evidence and atmospheric modelling of lead pollution locates the probable source of the silver to mines at Melle, in France.....

Notre ami Menthalo vient de poster de nouvelles prévisions ici:
https://www.businessbourse.com/2018/11/ ... s-cendres/

Pour éviter que ses prophéties ne disparaissent, je préfère les sauvegarder ici



Ce matin, nous en étions là:
DJ 25.413
CAC 5.025
DAX 11.341
€/$ 1,1414
Gold 1.220$
Silver 14.38
Ratio 84,84
Brent 66,76$