James Anderson

Last week, two former JPMorgan precious metals traders were found guilty of precious metals market rigging spanning nearly a decade. Unfortunately this misleads the real price for physical gold bullion and physical silver bullion.

The U.S. job market saw a sharp decline in job postings, with native-born workers losing jobs while immigrants, both legal and illegal, gained employment. The U.S. stock market has lost over $1.78 trillion in value, and gold is outperforming stocks but hasn't yet fully broken out. Silver, while still relatively undervalued, is expected to outperform the S&P 500 later in the decade. In Australia, silver prices are nearing record highs, driven by demand outstripping supply, and this trend could soon impact the U.S. market.

This analysis explores the recent Federal Reserve rate cut pivot and its potential impact on the precious metals market. It highlights the mechanics behind a $400 per ounce silver price target, driven by central bank buying, silver fundamentals, and a manipulated market.

What lies ahead for precious metals? The volatility in silver and gold derivative trading led to price declines last week. The gold-silver ratio remained at 83 due to COMEX derivative selling. There's speculation about a potential future decline in the gold-silver ratio.

A once high-flying bank headquartered in San Francisco, CA, is meeting a similar fate of possibly filing for Chapter 11 bankruptcy even after receiving $30 billion in uninsured deposits. A lifeline was loaned to them only one month ago from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and six other banks.