CFTC Fines Banks For Precious Metal Price Manipulation

Mon, Jan 29, 2018 - 1:59pm

Hmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?

In order to get this information out as quickly as possible, we'll save the price implications for later. But just today I saw this posted at Silver Doctors. I only post it here as a demonstration of typical Apologist garbage: So, given what you're about to read, will that author soon print an apology and retraction? Don't hold you breath.

Late Friday, reports hit Reuters that the CFTC would soon levy fines for "spoofing and price manipulation in the futures markets". Well, just a few minutes ago, we got the news release. You can read it all here:

  • However, to save you some time, here's the most important section:

    What about "ENGAGED IN A SCHEME TO MANIPULATE THE PRICE OF PRECIOUS METALS FUTURES CONTRACTS" is vague or open to interpretation? Not much. However, those who have based their careers and cash flow upon the notion that the precious metal markets are sacrosanct, free and fair just got themselves a cold slap of reality.

    Will there be arrests and future charges against some of the US Banks? Meh, we'll see. Maybe. But that's a topic for another day. For now we await the response of those who have always claimed that we here at TFMR are nothing but tin foil-hatted simpletons who rely upon conspiracy theories to explain away things we're too stupid and unsophisticated to understand.


    About the Author

    turd [at] tfmetalsreport [dot] com ()


    Jan 29, 2018 - 7:49pm

    Koos Jansen?

    Turd, what happened with this guy?? I never saw the switch.

    Jan 29, 2018 - 7:44pm


    "If your stack kept losing value and caused marital problems or retirement issues or financial troubles , like some I’ve heard from on this board, I also guarantee you’d care."

    I bet I've lost more money in the metals than you.

    I'm not on a crusade to convince every fool and disinfo agent I'm right when it's not going to any difference.

    Jan 29, 2018 - 7:03pm

    If I run any major organized crime....

    I would help police to arrest few greedy and opportunistic small criminals to show the public that the system works.

    Jan 29, 2018 - 6:53pm

    Apologists in a dual movie I'm watching

    Are you guys/gals watching this same "dual-universe" movie:

    Precious Metals Manipulation :: "Russia's coming, Russia's coming" hoopla

    Sister (I probably got paid) :: Serious McCabe (My wife probably got paid)

    Weinie boy ("Didn't happen, didn't happen") :: Sc(t)hiff ("Look over there, a birdie yonder")

    Trader N0-see-me ("I'm probably blind") :: Sessions ("I'm probably blind")

    JPM ("I am the queen"):: Hildabeast ("I am the queen")

    Casey ("You cannot fool the market") :: Schumer ("You cannot go against the CIA/FBI; 6 ways to Sunday comment)

    Turd & Turdites ("Comment the shit of this") :: Trump ("Tweet the shit of this")

    Jan 29, 2018 - 6:49pm

    Am I Seeing This Correctly?

    Koos Jansen has turned to the Dark Side? Keep Stacking

    Jan 29, 2018 - 6:35pm

    The bankers response

    "The Russians made me manipulate the market"

    Jan 29, 2018 - 6:31pm

    Honest price discovery

    My my, what a novel concept

    Ranks right up there with what? Hmm... rule of law?

    There's another novel concept!

    Oh, and how about fair elections...?

    Joseph Warren
    Jan 29, 2018 - 6:14pm

    The Tomato Bubble

    The subject that never is discussed by the msm or politicians. All the rest of the blather is noise and misdirection-

    Nick Elwayinfometron
    Jan 29, 2018 - 6:02pm

    John Titus

    John's excellent video on those "systemically important" banks and BIS immune from prosecution: "All the Plenary's Men"

    All the Plenary's Men

    And Turd's excellent a2a

    Jan 29, 2018 - 5:58pm


    I think the immunity is through the BIS and its agreement with the Swiss. Legally questionable.

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