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Article suggests that London bullion fixing is distration from comex price fixing
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Thread: Article suggests that London bullion fixing is distration from comex price fixing

  1. #1
    Join Date
    Oct 2008
    Location
    South Bend Indiana, home of the Fightin Irish of Notre Dame.
    Posts
    254

    Default Article suggests that London bullion fixing is distration from comex price fixing

    http://www.24hgold.com/english/news-...Mark+O%27Byrne
    Interesting article, wouldnt surprise me that the comex wants to point the finger elsewhere. Classic distraction.

  2. #2
    Join Date
    Dec 2009
    Location
    North Idaho....The Silver Valley
    Posts
    1,495

    Default Kings of Tap Dance

    When you "rig" the LIBOR market....you pretty much rig all markets.

    Nobody should bother talking about it anymore. Only fools believe that there is a free market. All markets are "rigged"....period.

    The inmates are running the asylum, and have been for years.

    done and done....they've poisoned their well and cut off their noses.

    It's just vaudevillian comedy from here on out

  3. #3
    Join Date
    Feb 2011
    Location
    Oshawa, ONT.
    Posts
    327

    Default

    Nice post, pure simplicity wrapped up in snarky little bow.

    That's just about it and I believe that I am prepared for this severe austerity coming, prepared for most eventualities actually and have been for years. Winter camping in Northern Ontario is fun and exhilarating and damned if you don't learn a thing or two while you're out there.

    I'm a realist and if anything can go wrong in this world you f#%king KNOW it's gonna happen. Stash your caches in multiple locations just in case.
    It's hard to keep a good man down but JPM and Wall St. are trying their damnedest.

  4. #4
    Join Date
    Apr 2012
    Location
    Scottsdale, Arizona
    Posts
    1,851

    Default

    JPMorgan wins dismissal of silver price-fixing lawsuit


    Published March 18, 2013
    Reuters

    JPMorgan Chase & Co has won the dismissal of a nationwide investors' lawsuit accusing the largest U.S. bank of conspiring to drive down silver prices.

    U.S. District Judge Robert Patterson in Manhattan said the investors, who bought and sold COMEX silver futures and options contracts, failed to show that JPMorgan manipulated prices at their expense, including by amassing huge short positions that were not justified by market events at the time.

    In a decision made public on Monday, Patterson said that while the investors showed that JPMorgan had the ability to influence prices, a fact the bank did not dispute, they failed to show that the bank "intended to cause artificial prices to exist" and acted accordingly.


    Read more: http://www.foxbusiness.com/news/2013...#ixzz2Nwuktra1


    Read more: http://www.foxbusiness.com/news/2013...#ixzz2NwtW0rHN





    .
    "If you don't know where you're going, you might end up some place else."
    - Yogi Berra

  5. #5
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,553

    Default

    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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