There is something that needs to be clarified—this is not alarmist talk, but the amount of information is indeed significant.

According to a recent video disclosure by the renowned political economist Bill Still, one of the world's largest financial institutions, JPMorgan(, suddenly demanded that its precious metals trading team in New York relocate entirely to Singapore last week. No press release, no public explanation, just a direct order to move—more than 50 traders and their families were notified to complete the move before the weekend.

What does this sound like? This is not expansion or growth; it looks more like a retreat. JPMorgan handles billions of dollars in gold transactions daily in New York, and such a department wouldn't casually relocate. The internal email wording is also quite interesting: "Relocate all gold operations personnel meeting COMEX requirements to the Asia-Pacific region before this weekend." COMEX is the New York Mercantile Exchange, which clearly indicates a transfer of compliant gold trading capabilities.

Looking at the numbers—JPMorgan delivered $4 billion worth of physical gold in its November NY futures contracts alone. What does this mean? It’s the largest physical delivery since the 2008 financial crisis. During the same period, the BRICS countries were also selling off $93 billion in U.S. Treasuries.

When the top global gold trading team quietly leaves New York, when physical gold delivery hits a record high, and when emerging economies are reducing their U.S. debt holdings—could there be some "smart money" that has already seen through all this, while ordinary people haven't yet reacted?

It’s worth mentioning that JPMorgan’s precious metals trading division was previously convicted by the Department of Justice for market manipulation, fined $920 million. What such an institution is doing warrants more careful consideration.