Nomura Exposes The Fed’s Imminent “Mega-Shift” – Beware Quad Witch & “Untethered” Markets

“This is a big deal,” warns Nomura’s Charlie McElligott – a man not known for hyperbole – as he reflects on the sudden, dramatic changes occurring in the very deepest levels of plumbing of the world’s supposed most-liquid markets. Another massively over-subscribed repo liquidity injection this morning, coupled with The Fed’s dramatic loss of control […]

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LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals

Submitted by Ronan Manly, BullionStar.com   Michael Nowak, JP Morgan Chase managing director and head of the bank’s global precious metals desk, who is also a Board member of the London Bullion Market Association (LBMA), has just been indicted and charged by the US Department of Justice (DoJ) with manipulating the prices of precious metals-futures contracts […]

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