The Conversation (0)
Writing for Goldseek.com, Chris Powell of the Gold Anti-Trust Action Committee (GATA) wrote about Deutsche Bank’s confession to gold and silver market reading and what it could mean for investors in the space. As quoted in the publication: Deutsche Bank may not be culpable enough to be obliged to make whole every gold and silver investor and …
Writing for Goldseek.com, Chris Powell of the Gold Anti-Trust Action Committee (GATA) wrote about Deutsche Bank’s confession to gold and silver market reading and what it could mean for investors in the space.
As quoted in the publication:
Deutsche Bank may not be culpable enough to be obliged to make whole every gold and silver investor and mining company in the world, but if enough other big banks are incriminated, they may create a target rich enough to invite many other lawsuits, individual and class-action.
Of course the bigger issue for GATA is whether the class-action suit against Deutsche Bank and the other banks alleged to have manipulated the gold and silver markets will expose the intervention of central banks, directly or through intermediaries. That is, for example, were Deutsche Bank and the other accused banks ever trading on behalf of central banks and front-running those central bank trades?
For reprehensible and illegal as it is, market rigging by big traders is not so unusual and tyrannical as surreptitious trading by central banks. For the world’s sake, the latter sort of market rigging needs far more exposure.