He certainly looks like Jamie Dimon!, the resemblance is uncanny! … and the last
of the gold crooks at JPM got sentenced to prison for “spoofing” … the link from
ZH directly below for the details.
https://www.zerohedge.com/commodities/ex-head-jpmorgans-precious-metals-
desk-sentenced-prison-manipulation
Mice get the iron hand , while the “corporate Rats” running the show walk, so they
can continue to shovel “skim” to POLS, Apparatchiks, & regulators the world over
to look the other way … JPM pays a hair under $1 BILLION in fines to make it all
go away [paper clip money], so they can make hundreds of BILLIONS going
forward doing the exact same thing, only having their ILLEGAL [for them as a
bank] & UNTRACEABLE proprietary trading units located offshore do the
spoofing, AND OTHER ASSORTED “SCUMBAGGERY & FUCKERY”, NOTABLY
FRONT RUNNING ORDERS.
And while the U.S. government top-to-bottom has repeatedly tried for decades to
get courts in the U.S. and abroad to “pierce the corporate veil” of shell companies
& those it thinks engage in illegal trading activities, at every turn they get shut
down with impunity cuz they have no standing to file anything against an
offshore IBC [International Business Company, usually bearer share owned] or
PIF [Private Interest Foundation] legally domiciled in an offshore tax haven
… Belize, Nevis, BVI, & Panama just to name a few in the Caribbean … where
trading financial instruments is NOT considered a “business activity” in any
jurisdiction … lacking any legal reason to drag an IBC or PIF into court, they’re
free to be the offshore legal prop accounts that are the beneficiaries of “front
running” by scumbag outfits [a/k/a “criminals”] like JPM, Vampire Squid [GS],
Citigroup, HSBC, Bank of America, etc. … in essence and in practice, they’re
simply another trading client doing orders that are executed by the banks
trading desks … on the banks books, all you’ll see is the execution of the order
… “what’s the big deal, what's the problem officer?” … through the use of “burner
phones” and erasable, encrypted chat services they front run orders offshore
and the prop account does the buying / selling and booking the ILLEGAL GAIN
… the bank shoves the market price up/down, the offshore client gets the
trading gain … and this gain has no taxes, is not reported anywhere, and the
offshore IBC or PIF can do whatever they want with the money … and this is
where the crypto gets sent from to all of those looking / demanding their cut
… and there isn’t a “Hoover Dam” thing the DOJ, the Treasury Dept., and/or
Libtard Judge in a favored jurisdiction can do about it … you ain’t gonna get to
pierce the corporate veil, and nobody offshore pays any attention to U.S.
courts, except for laughter purposes … oh, and the “big guy” wants his 10%
cut NOW!
The means by which scumbag banks today go to escape scrutiny is pretty much
“iron clad”, unless of course you get somebody to sing to the FEDS, and why
would they do that? … technology has raised the bar immensely, and unless
you’re stupid and/or sloppy, not even a scumbag banker could fuck this up
… bank compliance is a fucking joke and always has been, filled with wannabe
regulator types … just look at Epstein and JPM’s relationship now that the bank,
along with Jamie Dimon, are involved in litigation … HELLO! … regulation &
oversight is to capture and catch “little fish”, so that if push comes to shove,
somebody can be sacrificed at the altar of “saving the children” from the evils of
financial “Scumbaggery & Fuckery” … it’s all propaganda for public consumption
… it’s not for putting an end to corruption and putting firms like JPM out of
business … “for heaven’s sake, how would we get our “skim” then?” … and life
goes on as before, nothing changes nor will it!
It’s PMI Wednesday at the “Slots-A-Rama” room, here inside the world’s most
corrupt casino … Europe’s PMI’s coming in just short of disaster … the U.S. has
its turn at 9:45 AM EST … and 2 minutes after that, it will be forgotten cuz
tomorrow starts the all important J-Hole confab, where on Friday Spicoli speaks
his bullshit and fur will fly … awaiting the U.S. PMI fairy tale stats, all eyes are on
the bond market … as I’ve said a million times, cuz the charts in all markets are
remarkably the SAME. “we’re all interest rate traders now”, whether you like it or
not! … after “Stock Bellies” close today, we get NVDA earnings, and given that
every tech trader north of the South Pole is long, right along with their pet rabbits
on Wall Street, it’ll be key to see how price reacts … whatever they report, I’d
expect to see immediate buying, but how long does that last? … everybody
knows that Wall Street analysts “sandbag” earnings estimates lower, so that
everybody can report a “beat”, but will “buy the rumor, sell the fact” show up, or
is it gonna be a disaster, and let the fun & games to the downside begin in
earnest? … dunno, don’t care, but it’ll affect market sentiment across the
spectrum, at least until Spicoli speaks Friday at J-Hole.
Meanwhile, crude oil as a barometer of things that can & will go wrong at the
demand level, is starting to roll over and show weakness in price … this bears
watching, cuz if there’s one commodity [copper the other] that can FUBAR
things up, and give a “heads up” on where econ activity is headed, it’s crude oil.
And right on cue, here come the Chipmunks for their NYSE opening feeding,
where banks take advantage of idiot mutual funds, ETF’s & ETN’s, who have to
buy overnight deposit monies within the first 5 minutes of trading … you know,
cuz otherwise the customer might get cheated by unscrupulous bank trading
desks and fund managers colluding on fills … I guess the genius savants in
regulators HQ, over at one of Hitler’s old secret bunkers, converted by the Biden
Crime Family into a government facility, never thought of the offshore front
running that goes on, and I covered that up top today … WTF … “soft” PMI and
let the buying frenzy commence! … you know, cuz a worldwide DEPRESSION IS
GOOD FOR ALL THE BUBBLES! [cuz it means turning the “BRRRRRRR!”
CNTRL-P machine back on super high!]
Gold getting its best pop higher in weeks, after relentless selling on higher rates
almost every single day these last weeks … but as we’ve seen today, Europe’s
PMI’s were a disaster, especially the U.K., and the ChiComs have fucked up
“bigly & yuge” in their efforts to grow their economy … with a softer U.S. PMI,
unless inflation really takes off and we get some sigma misses to the upside,
where are the rate rises going forward gonna come from? … yea, we can point to
higher government borrowing and their insatiable need for cash, but unless that
spurs some kind of growth [which it doesn’t], we’re headed for some kind of
crash … and I’d have to say, the probability we’ve seen the high in rates is high,
and today’s data from everywhere points to that … and that should be
… SHOULD BE … supporting for gold … and if rates do go higher, I guarantee
another banking crisis is right around the corner, making the last one in March
look like child’s play … and that would only add further fuel to a gold rally
bonfire!
Post the PMI stats, one of the worst trading days for gold I’ve seen in a long while
… I mean, nothing going on except a very slooooow crawl higher, and after about
3+ hours this shit can’t move $3 to save its life … some m1’s so pathetic you can
barely see the range on the m1 MT4! … at least the FX pairs are doing something,
trying to put in a reversal day in EURUSD … but no matter, I think the switch to
gold makes perfect sense at this point … spreads have come down, action needs
to pick up with ranges, but the trading action is consistent … now if it will only
cooperate! [today it hasn’t]
No trades today for the PAMM … not for lack of effort or desire, but the simple
fact that after PMI’s in the U.S., this shit couldn’t move $3 … literally … m1’s so
small I could hardly see them on my screen … OK, no big deal, it’s August after
all, and we got J-Hole coming up tomorrow and Friday … for “The Syndicate”,
some light volume EURUSD super scalps, and we’re UP APPROXIMATELY 0.3%
on this reversal day of straight down, straight up … I couldn’t do this at Coinexx
for the PAMM cuz the logistics of the spread and slippage on fills … it just is what
it is … and btw, over at IQCENT, they’ve removed their gold CFD cuz of
“problems with bid/offer quotes” from their vendor, and sources over there tell
me they don’t know when it will resume trading … well, at least they’re doing
something with a shit, scumbag LP vendor who won’t provide decent spreads,
so we’ll see how long it takes them to get gold back … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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