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I think this year we finally have seen the smoking gun in precious metals manipulation. It is the confirmation, in their own words as revealed in the Deutsche Bank court documents, of traders using the 'Dr. Evil' strategy of selling large numbers of contracts in quiet hours to take the price down artificially for their own cross trading purposes.
As if anyone who understands and watches the markets did not already know this. If they deny it now, then they are either a hypocrite or a willful simpleton. I will let them self-identify.
But make no mistake about it, we have the smoking gun, and the lawsuits are flowing heavily. Although you would hardly know it from the mainstream financial media.
And there is worse, and far more revelations, to come.
Last edited by JulieW (2016-12-31 02:15:56)
They are obviously talking about a pop-gun right?
Now wouldn't that be interesting.
What if the manipulation was keeping the prices artificially high?
Considering it's a 500:1 paper promise market, could be.