- Nov 30, 2011
(Bloomberg) -- The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago.Most Read from...
Wall Street has become manipulated and corrupt. How can gold be crashing with silver and bitcoin when there is inflation at 10%. These should be hedges against inflation but trade down instead. They are manipulated as is most of WS. Only the large caps techs can move up over time because there is too much liquidity to control. HFs and shorting is a becoming the main way WS makes $...not a great situation.