U.S. DoJ and CFTC Open Gold Rigging Investigations

Mon, Feb 23, 2015 - 10:59pm

Though these "investigations" will very likely lead to nothing but delays, obfuscation and cover-ups...just as the 5-year, CFTC silver "investigation" did...this evening's news is interesting, nonetheless.

The news item itself is from the Wall Street Journal. If you have an online subscription, you can read it here: https://www.wsj.com/articles/big-banks-face-scrutiny-over-pricing-of-met...

This report was then encapsulated by a site called "Financial Mines" and you can find their reporting here: https://blog.ctnews.com/financialmines/2015/02/23/report-doj-mines-metal...

And of course, as you might expect, the most comprehensive summary of the story comes from ZeroHedge: https://www.zerohedge.com/news/2015-02-23/ten-banks-including-jpm-goldma...

Apparently, this is a dual investigation. Gumshoes and flatfoots from the U.S. Department of Justice are scrutinizing the price-setting process for the precious metals in London while the contemptibly corrupt CFTC has opened an investigation here in the U.S. Whether or not either of these probes eventually leads to civil and/or criminal penalties remains to be seen but, given the past performance of these agencies, I don't think that anyone should get their hopes up.

At least, if anything, it's nice to have the criminal gold price suppression and manipulation scheme in the news again. The banks mentioned in the article are all of the primary Bullion Banks...The Evil Empire...The Cartel...whatever you'd like to call them and it's nice to see them singled out:

  • The Scoshe
  • Barclays
  • Credit Suisse
  • DoucheBank
  • SocGen (they of the Russian gold sales rumor back in December)
  • Tungstenman
  • JPMorgan
  • HSBC
  • Standard Bank Group
  • Unlimited BS

So, we'll see what happens. Maybe this will amount to something, maybe it won't. However, with even two agencies of the U.S. government now investigating precious metals price manipulation, it seems there are just three fools left in the entire world who stubbornly cling to the belief that the metals "markets" are free and fair. (I bet you can name them.) As for everyone else, we already know that this current scheme is doomed to certain failure, just like The London Gold Pool implosion in 1968. It's simply a matter of time, regardless of the findings and results of these new "investigations".


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Safety Dan
Feb 25, 2015 - 10:15am

Dan, please c&p that post

Dan, please c&p that post into the latest JB-SFC. Thanks.

Feb 25, 2015 - 8:39am

Wrong Perspective

It looks to me like they are primarily looking into the daily fix process, which IMO is only a small part of the problem here. They need IMO to be looking more at the daily smash raids designed to keep the overall price of Gold (and Silver) at predefined levels, both after hours and during normal trading. That's where the real criminality and price manipulation happens.

Safety Dan
Feb 25, 2015 - 4:04am

Something you won’t see on

Something you won’t see on the news: Ukrainian soldiers who don’t want to fight and who try to surrender are shot at by their own from behind – called “Barrier Squads” – Separatists then give the surrendering troops cover fire so they can run to them. And yet Ukraine is the good guy in this conflict

Read more at https://investmentwatchblog.com/something-you-wont-see-on-the-news-ukrai...


Feb 24, 2015 - 11:32pm

The More Investigations

The more investigations there are, the more a credible investigation is blocked. It appears the bad guys are running to the courthouse to be the first to file. This is more bad news.

Feb 24, 2015 - 10:28pm

over 16,000 contracts

already shorted to cap price here. It does not look like the game has changed at all.

Texas Sandman
Feb 24, 2015 - 10:25pm

The only monkey spanking the CFTC does...

is in their offices while they're surfing the internet for porn on government time from government IP addresses.

Texas Sandman
Feb 24, 2015 - 10:08pm

Fascist Government Model

You had to realize that was the situation when AIG was not found guilty of fraud and the CEO led away in leg irons after insuring every mortgage on the face of God's green earth without the resources to pay off, because they thought like everybody else, "real estate always goes up.". I mean on what planet is that NOT fraud?!

At that point, you had to know in your heart the fix is in and these jokers can make the silver price $2 or $2000 in the next five minutes if they want and there ain't a thing you or I can do about it. The story will get even better when they start raiding our bank accounts and retirements to continue the rig. But I'll have the last laugh when they raid mine to find only shares of DSLV.

Feb 24, 2015 - 9:34pm


My arse !, if they were remotely serious it would take an hour or two to prove there is manipulation Uncle Ted can show these misbegotten whore-sons of a rabid donkey bottom biter, exactly where to look ,! this just another kick the can down the road exercise to keep the plebs happy and a chance to outright deny manipulation -strike that -- price control so they can tell us down the road that here is no evidence of price control shenanigans - bunch of cnuts

cap off Gentleman Jack bottle ha ha Hic

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Feb 24, 2015 - 9:14pm
Safety Dan
Feb 24, 2015 - 9:06pm

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