CASE CLOSED: The Fact of Bullion Bank Gold and Silver Price Manipulation

Thu, Dec 8, 2016 - 1:31pm

Back in April, the Cartel Shills and Apologists attempted to minimize the news that a settlement had been reached regarding a "nuisance lawsuit" alleging price rigging in gold and silver. As we told you at the time and on many occasions since, this case is instead quite significant and very important. The latest update on the case, released late yesterday, sheds more light upon what we've always known was taking place behind the scenes in the "free and fair precious metals markets".

First, just another reminder of the two key points:

  1. Because of Deutschebank's settlement offer and willingness to turn "state's evidence" in the case, for the very first time a civil lawsuit regarding gold and/or silver price manipulation is being allowed to move forward into the legal discovery phase. This means depositions, affidavits and subpoenas. Never before has a case been allowed into this phase as all previous civil suits were thrown out by Bank-favored judges before discovery could begin.
  2. With Deutschebank now having agreed to nearly $100MM in settlements in the case, there is now the proverbial "blood in the water" for every class action attorney in the world. This current laswuit is just one case and this Deutschebank settlement is just one small part of it. There will now be countless new lawsuits filed, each of them seeking damages from The Bullion Banks for the now-discovered and proven collusion and manipulation of precious metals prices. Potential claimants range from mining companies to shareholders to day traders to investors/stackers.

So, what did we learn today. Here are two from Reuters and the other is a more detailed analysis from ZeroHedge. We strongy urge you to read both.

And here are the amended full filings from the case:

Silver Rigging 1 by zerohedge on Scribd

Silver Rigging 2 by zerohedge on Scribd

From the ZeroHedge article, here are two text exchanges that have been unearthed and submitted only because of the Deutschebank cooperation and legal discovery. There will be many, many more. Of that you can be certain. (click to enlarge)

As an aside, note the date of the exchanges posted above....May and June of 2011. After reviewing this evidence of direct collusion between The Bullion Banks, do you have any remaining doubt as to the origin of the trades in the May Day Massacre of Sunday, May 1, 2011? That sudden $6 drop in silver brought an abrupt end to the Cartel short squeeze that had pushed silver from $38 to $48 in April of that year. What followed were five CME margin hikes in nine days and silver falling to $38 in days and $26 within weeks. Again, after reading the text messages above, you now know precisely how this was accomplished.

Additionally and on a personal level, you now have confirmation of why TFMR exists in the first place. We gained notoriety in 2010 because we were able to offer precise guidance on price due to recoginition that Cartel traders were colluding to move price, run stops and paint charts. Because we could predict in advance where these traders would act, TFMR rapidly grew and ultimately became what it is today. Though we've since shifted our focus to broader topics, rooting out and exposing The Bullion Bank Cartel remains our focus. Bringing about an end to the manipulation and the Bullion Bank Paper Derivative Pricing Scheme will always be our ultimate goal.

But this is far from over. If we know anything about the legal process it's that it takes time and there are always delays, filings, briefs etc. Therefore, do not expect an abrupt end to the Bullion Bank price manipulation in the next few weeks. Instead, recognize these key takeaways:

  1. The potential monetary liabilities alone will now force many smaller players in bullion banking to exit the sector. Even some of the larger Banks, sensing the declining profits and increasing liabilities will close up shop.
  2. The mining companies and their executives, now finally faced with the truth about their alleged allies The Bullion Banks, will soon begin shifting their hedging and financing activities away from The Billion Banks and the LBMA.
  3. Points number 1 and 2 will lead to an ever-decreasing market share and dominance of fraudulent LBMA and Comex system.
  4. As the Paper Derivative Pricing Scheme loses influence and importance, a shift toward true physical price discovery will move to the forefront.

What does this mean to you?

Since you now know with certainty that the "price" derived through the digital exchange of paper derivatives is false and manipulated, you MUST use this knowledge to your advantage. Remember, physical gold and silver are priced as if they are abundant when they are not. What IS abundant is the paper dervivative that is used to set the price. As derivative trading fades away, physical trading and pricing will take over. And the price discovered in a truly physical market will most assuredly NOT be $1200 or $17 per ounce.

Have a great day, confident in knowing that you have been proven correct and that you are winning.


About the Author

turd [at] tfmetalsreport [dot] com ()


Doctor J
Dec 9, 2016 - 1:04pm


Each person affected by the silver manipulation should separately lawyer up.

I guarantee you that there are dozens of law firms in So. California alone that are actively preparing lawsuits as we speak.

The more the merrier.

At some point, there will be public awareness, which may or may not result in any real changes to the system.

The stumbling block in my point of view is that the manipulation is government-backed, and as a result, there will be roadblocks to any real reforms.

Until we get sound money, the game will continue. But, the immediate goal should be to help the public gain awareness. Many lawsuits, and publicity of fraud etc., will help in that effort.

Dec 9, 2016 - 1:00pm

It's not that it doesn't matter

You just simply MUST take the manipulation into account when attempting to trade.

What we practice here is called "Manipulation Analysis". Far more important than fundamentals or traditional TA.

Dec 9, 2016 - 12:40pm

we agree on draning the swamp

what is the likelihood of its happening

the sequester was an across the board spending reduction that nobody wanted to do. That was considered far. So the fraudulent soc sec claims just get a bit less.

congress has no appetite for austerity, neither have current or prior white houses

Dec 9, 2016 - 12:16pm


even if soc sec and medicare and medicare fraud were eliminated, we have just promised too much.

Yes, the fraud should be cleaned up but it has not. for decades. Blame congress on that and the lack of a real leader in teh WH.

Dec 9, 2016 - 12:08pm



how about medicare fraud. Defense dept fraud?

Its endless.

part of the problems with the cost of soc sec and Medicare.

My wife and I both worked, but if only I worked, my tax paid in would cover medicare for her and 1/2 my social security--thats not fair nor can we afford it

Also, a lower paid person say 40k a year gets the same medicare I get and I paid in at the max for my career--and then now I pay a surcharge for my medicare while the other person does not. Its front and back end wealth redistribution. Its somewhat the same with social security-you get proportionately more if you earn less.

Qualified retirement plans require non discrimination against lower paid--but with govt plans there is discrimination on the higher paid.

I hear stories of immigrants who are not married live together with their children. He works and pays taxes, she does not and gets welfare--nice gig,

the entire system has to be cleaned up.

Dec 9, 2016 - 11:59am


While we're at it, let's end all foreign aid. Friends we have to buy are far worse than worthless.

Also, cutting back government salaries is not enough. Cutting out government 'do nothing jobs' is the ticket.

Severely restricting unions is also a good place to start. Government unions should be outlawed altogether.

Dec 9, 2016 - 11:30am

@ gold under 1k; to be open about it


"social security and Medicare has to be cut 50%"

Let's start cutting government employees salaries and pensions back to where they where 40 years ago.. remember back when a government job paid less than the private sector instead of today's 2 times the average private sector job.

Then let's discontinue all benefits to illegal aliens, have you seen the incredible rise in permanent disability claims, SSI and and housing and food subsidies?

We're in a real mess folks and it's time to drain the welfare state swamp!


Dec 9, 2016 - 11:05am

gold under 1k; to be open about it

I do examine the alternative where stocks are the place to be not metals.

Each time I look att he detail I see a catastrophe economy.

we only have a couple of choices: inflate or default-and default means telling all of us our social security and Medicare has to be cut 50% or thereabouts and/or raise the fica tax by 100%. And welfare gets cut.

how do we like the idea of social Security and medicare being cut but welfare increases and students get to forget paying debt.

the longer we defer doing something the worse it becomes. remember the Bowles Simpson committee, now 7 years ago, said we had to raise taxes and cut benefits immediately, back in 2010. That was blown off as was the bi partisan committee later that year which said the same thing, then we blew off the sequester.

I think we have a date with reality--we just do not know when.

in the meantime the Fed lost control of the interest rates and fixed income market. All we need is a flash crash to lose the stock market.

Somewhere around the time reality sets in, metals skyrocket.

I wish I knew when.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Dec 9, 2016 - 10:59am

@ Gold Headed Lower Under $1,000

And when there's no gold for sale anywhere what's the price going to be Martin?

The jailbird always starts singing when PM go down but you don't hear a word out of him when it's at 1300 + going up, just the same old BS!

What a Hoser!

Dec 9, 2016 - 10:58am

I was going to post a HUI chart

Then I realized that it is all fake anyhow due to market manipulators.

Moving averages, Fibonacci retracement, RSI, trend lines, flags, pennants, MACD, trend lines, blah blah blah. I guess none of it matters that much.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Recent Comments