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

133
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 links...one 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.

TF

www.tfmetalsreport.com/subscribe

About the Author

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turd [at] tfmetalsreport [dot] com ()

  133 Comments

  Refresh
AGAU
Dec 8, 2016 - 7:13pm

Pms manipulation

talking with a colleague today and the subject of metals came up I told him that the metals have been controlled,managed whatever, for years and the proof is now out there,

He says "bigger fool you for playing in their backyard!!!, my 401K has doubled" !! what could I say ha ha

This is likely the opinion of 95% of all Americans they could not give a flying shite about the PM's, the manipulation, or the egregious law breaking. cos it does not affect them Nobody gives a shit!!!

I will ask him how much his 401K is this time next year -- we will see!!

StevenBHorse
Dec 8, 2016 - 7:04pm

I hear ya my friend

Fuck them. Shitco is the perfect name for their completely worthless, tax-doging company. I only posted the link for the video.

Here's an oldie but a goodie: https://www.tfmetalsreport.com/blog/6614/kitco-attempts-corporate-suicide

Dec 8, 2016 - 7:02pm
StevenBHorse
Dec 8, 2016 - 7:02pm

Fuck kitco

Useless fucking gimps that should have been all over this shit years ago.

Instead those spineless pussies deliberately stage a campaign against Andrew teaming up with Jeff "I look like a child molestor" Christian.

Thus the reason why I named them Shitco years ago.

silver66
Dec 8, 2016 - 7:00pm

Pay attention to regional news

They are Fuckered !!

https://www.dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-polic...

You can promise whatever you want until you have to pay

Let the games begin

Silver66

MiningJunkie
Dec 8, 2016 - 6:58pm

Excellent point, MJ

And thanks for the reminder.

I know they are desperately out of funds and publicly requested some help a few weeks ago. A donation is even tax-deductible for US citizens so, everyone, please consider throwing them some change.

https://www.gata.org/node/16

MiningJunkie
Dec 8, 2016 - 6:44pm

GATA called it

With the door slammed on silver manipulation and everyone standing in the queue looking for accolades, lest us never forget the thankless work that Bill and Chris have done to get us all to this very important tipping point.

I tip a glass to them both tonight.

Ching ching.

MoonShivTF
Dec 8, 2016 - 6:35pm

Tru Dat

Agree; all the deniers are probably puckering up in their bathrooms, biting their lips....

AngryCitizen
Dec 8, 2016 - 6:16pm

Idiots!

Did they think the truth wouldn't come out? A few POTUSs stated publicly that there was no way they'd allow the prices to rise. (Johnson, at least one other...This was posted on this site by several of you...)

Idiots.

MoonShiv
Dec 8, 2016 - 6:12pm

Not just him

Calling...

Casey

Christian

Norcini

Armstrong

and all of the System/Cartel Apologists who've consistently defended The Banks with straw man arguments and ad hominem attacks.

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