You are here
Ted Butler: JPMorgan batters the gold price again
By Ted Butler
SilverSeek.com
Tuesday, April 4, 2023
A major development last week was the large amount of gold issued by JPMorgan over the first two days of the Comex April contract. Total gold deliveries by JPMorgan of 14,326 contracts, including 10,682 contracts (1.07 million ounces) by JPM from its proprietary house account were the largest by JPM in history.
This is big news because it demonstrates clear and blatant price manipulation by JPMorgan. With more than 19,000 contracts of gold standing for delivery, what would have been the price of gold had JPM not delivered more than 10,000 contracts from its house account?
Even the dimmest of wits (sa,y at the Justice Department or the Commodity Futures Trading Commission) should be able to conclude that without JPMorgan delivering this many gold contracts, gold prices would have had to increase enough to attract others to take JPM's place. ...
... For the remainder of the analysis:
https://silverseek.com/article/jpm-again
... ADVERTISEMENT ...
First Majestic Mines Silver and Gold
in U.S. and Mexico, Operates Bullion Store
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States.
The company owns and operates the San Dimas Silver and Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver and Gold Mine, and the La Encantada Silver Mine.
In 2023 these mines are projected to produce between 33.2 to 37.1 million silver equivalent ounces, consisting of 10 to 11.1 million ounces of silver and 277,000 to 310,000 ounces of gold, with an all-in sustaining cost of $18.47 to $19.72 per payable silver-equivalent ounce.
For information about the company, visit:
https://www.firstmajestic.com/
Unique to First Majestic, the company offers a portion of its silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at First Majestic's bullion store at some of lowest premiums available:
https://store.firstmajestic.com/
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
