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 ()


Dec 9, 2016 - 10:54am

Friday's tradition

Since 4 AM gold price down, down, up, down down again.....Must be different traders playing the same game. Though I doubt they communicate by e-mails. Perhaps Skype or cell phones for safety.

Dec 9, 2016 - 10:54am

I think it's funny

The asshat Jailbird has been proven to be a mindless shill for The Establishment and Gold Cartel through his endless slander of calling us all goldbugs and conspiracy theorists. And yet, he's continually given credibility with his gold fear porn.


Dec 9, 2016 - 10:51am

More from The Religion Of Peace..

MSM Libtards get their's!

CBS went to Sweden to do a Puff piece on peaceful Muslims and got bitch slapped in the face by reality...

Video unavailable
Dec 9, 2016 - 10:28am

Gold Headed Lower Under $1,000 into the Abyss

Posted Dec 9, 2016 by Martin Armstrong

India is moving now to confiscate gold after going after the cash. Currently, each married woman is entitled to 500 grams, each unmarried woman 250 grams, and each man 100 grams of gold. Everything that goes beyond is classified as illegal possession and thus will be confiscated. There is no restriction on the possession of the jewelry only if the jewelry was purchased by inheritance. Prime Minister Narendra Modi is giving more power to tax authorities rather than dealing with corruption. They will be shaking people down for money. Unlike FDR who confiscated gold from the banks, Modi is allowing the tax people to go door to door.

This is the problem I have been warning about with gold. It is losing it safe haven status for it is getting to the point you cannot travel with it, keep it in a safe deposit box, or show gold with jewelry. In Italy, if it looks like you have excessive jewelry, they pull you over and weigh it at the border.

This is all part of the Hunt for Taxes. India is setting the tone. The danger will be if others follow. Trump would stand in the way of such policies in the United States. But in Europe, we may see the same policies take effect to different degrees. All they need do is claim that terrorists are using gold to fund their operations.

Everything is still on target for the move under ,000 into next year.

Dec 9, 2016 - 10:24am

But CALaw

Sexual assault specialty? You may be the perfect lawyer! My manhood has been assaulted by these Bankster monkeys taking my investments to the woodshed and having their way with me!

Seriously though, I am a bit unclear with your post. Are you suggesting that the members here organize (we have forums for that sort of thing) and find a firm to file a class action suit, or just for each of us to seek a lawyer willing to file a suit on our personal behalf?

Dec 9, 2016 - 10:14am

Nearly four years ago I posted this here

It's been so well known, for so long, it's all a standing joke. The manipulators, the crooked "regulators"... and we've been pointing this out and been mocked (for being absolutely correct I might add) for so long that it's totally unsurprising to be proven right.

It's also totally unsurprising that the mockers don't even have the decency to publicly retract their long-standing ridicule, derision, slander, or simply admit they've been wrong. It might just be time to start a little public accountability crusade, with accompanying photoshops. Let me think about it.

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

Dec 9, 2016 - 10:14am

Cal Lawyer

With all due respect, I must disagree. I find you eminently qualified with a specialty of sexual harassment litigation since all of us were royally screwed.


Dec 9, 2016 - 10:11am

Middle Finger Chart Formation

Given the ease with which these assholes can evidently manipulate the silver market, I wonder if they actually were painting the middle finger chart for all of us....

Dec 9, 2016 - 10:11am

contingent fee attorneys

there are many of these attys that will take a case, and then file a boiler plate lawsuit which is made easy with technology, and then talk settlement asap--hoping to get the defendant and ins co to get rid of a nuisance lawsuit without running up costs. The plaintiff gets a small amount as the atty gets his or her % and expense reimbursement.

Years ago the company I was at was hit with 35,000 individual complaints and except for particulars like name and address and employment the complaints were the same.

A month after the filings, the planitffs atty wanted to settle for 1000 per claim. keep in mind there were 60 defendants.

the way it would have worked is that the plaintiff atty got 40% plus expenses which were 500 per claim so the individual plaintiff would have received $100 times 60 defendants of a whopping 6,000, while the atty got 400 times 60 defendants times 35,000, plus the thumb on the scale expense reimbursement.

The atty never tried to prove a loss or wrongdoing, that would have been work

Now--aside from that BS, most of Congress and recent Presidents have been attorneys. Draw your own conclusions.

my kid is an atty but does not do this stuff but also does not have a good business mind, very competent on the technical side though-

that begs the question of just what are credentials of elected leaders and then who they hire at federal state and local levels.

Betcha Trump holds his appointees and hires accountable.

Dec 9, 2016 - 10:11am

Why now?

I know that these legal things take lots of time to develop...but why now? As GATA said, this has been going on for 18+ years, so finally, now we get admissions of guilt by DB?

Nothing happens at that level by circumstance--everything has a reason, or it does not see the light of day, including these "revelations."

Maybe they now need an excuse to "modify the systems." Phyzz is likely running short, so now they see fit to release what we know has been going on for decades.

Seems to me there is an ulterior motive for these mea culpa's now finally seeing light of day. It certainly is not because one brave judge decided to upset the bankster apple cart.

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7/10 8:30 ET PPI for June

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Key Economic Events Week of 4/27

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