In February 2025, a JP Morgan executive named Gregg Smith was sentenced to two years in federal prison.
His crime?
For eight years, he manipulated gold and silver prices through "spoofing."
Thousands of fake orders.
Prices driven down.
Then canceled milliseconds later.
The Department of Justice called it "racketeering."
JP Morgan paid $920 million. The largest fine in CFTC history.
And here's the kicker.
They're STILL one of the most powerful players in the gold market. Still moving mountains of paper every day.
Now look at last Friday.
Gold crashed 17%. Silver dropped 31%.
Right before the crash, the paper-to-physical ratio hit 22-to-1. Silver was in backwardation — spot prices HIGHER than futures.
The market was screaming: "There's not enough real metal!"
Then came the avalanche of sell orders.
Coincidence?
The Cartel doesn't panic when they're winning. They panic when they're losing control.
I've identified the one stock at the center of this crisis.
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