Posted: 28 Sep 2015 09:00 PM PDT
With countless settlements documenting the rigging of every single
asset class, it was only a matter of time before the regulators - some
10 years behind the curve as usual - finally cracked down on gold
manipulation as well, even though as we have shown in the past, central
banks in general and the Fed in particular are among the biggest gold
manipulators. That said, we are confident by now nobody will be
surprised that there was manipulation going on in the gold casino. In
fact, ever since Germany's Bafin launched a probe into Deutsche Bank for
gold and silver manipulation, it has been very clear that the only
question is how many banks will end up paying billions to settle the
rigging of the gold market (with nobody going to prison as usual, of
course).
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