RECENT HISTORY

SPOOFING:
The goal of spoofing is to move market prices in a way that financially benefits the trader’s preexisting positions in the market. The three plaintiffs had accused J. P. Morgan of manipulating the silver futures market from 2010 through 2011 through spoofing trades.


JP. Morgan
Introduction. Location of JP Morgan Gold Vault in London Discovered: JP Morgan owns and operates one of the two large commercial gold vaults in central London, the other one being the HSBC vault. Along with the Bank of England vaults, JP Morgan and HSBC make up the three largest gold vaults in London.

What is J.P. Morgan spoofing?

JPMorgan traders engaged in “spoofing,” in which a financial firm will flood the market with trade it doesn’t intend to execute in order to affect the price of a particular commodity. In this case, traders focused on the metals industry



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From Google.
Why can’t we go back to the gold standard?
Why Not Go Back to the Gold Standard? There are significant problems with tying currency to the gold supply: 
It doesn’t guarantee financial or economic stability . It’s costly and environmentally damaging to mine.

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