CFTC Fines Banks For Precious Metal Price Manipulation

82
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: https://www.silverdoctors.com/gold/gold-news/keith-weiner-weve-debunked-... 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:

  • https://www.cftc.gov/PressRoom/PressReleases/pr7681-18
  • 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.

    TF

    About the Author

    Founder
    tfmetalsreport [at] gmail [dot] com ()

      82 Comments

      Refresh
    cashonly
    Jan 29, 2018 - 7:49pm

    Koos Jansen?

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

    joeblack
    Jan 29, 2018 - 7:44pm

    Pinning

    "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.

    canary
    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.

    MoonShiv
    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")

    Marchas45
    Jan 29, 2018 - 6:49pm

    Am I Seeing This Correctly?

    Koos Jansen has turned to the Dark Side? Keep Stacking

    remup181
    Jan 29, 2018 - 6:35pm

    The bankers response

    "The Russians made me manipulate the market"

    infometron
    Jan 29, 2018 - 6:31pm

    Honest price discovery

    My my, what a novel concept

    https://davidstockmanscontracorner.com/flying-blind-part-2-the-destruction-of-honest-price-discovery-and-its-consequences/

    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-

    https://www.tomatobubble.com/id39.html

    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

    https://www.tfmetalsreport.com/podcast/8304/a2a-john-titus

    lakedweller2
    Jan 29, 2018 - 5:58pm

    @info

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

    Subscribe or login to read all comments.

    Contribute

    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 10/19

    10/19 11:45 ET Goon Chlamydia
    10/20 8:30 ET Housing Starts
    10/20 1:00 pm ET Goon Evans
    10/21 10:00 ET Goon Mester
    10/21 2:00 pm ET Fed Beige Book
    10/22 8:30 ET Initial Jobless Claims
    10/23 9:45 ET Markit Oct flash PMIs

    Key Economic Events Week of 10/12

    10/13 8:30 ET CPI and Core CPI
    10/14 8:30 ET PPI
    10/14 9:00 ET Goon Chlamydia
    10/15 8:30 ET Philly Fed
    10/15 8:30 ET Empire State Idx
    10/15 8:30 ET Import Price Idx
    10/16 8:30 ET Retail Sales
    10/16 9:15 ET Cap Ute & Ind Prod
    10/16 10:00 ET Business Inv

    Key Economic Events Week of 10/5

    10/5 9:45 ET Markit Svc PMI
    10/5 10:00 ET ISM Svc PMI
    10/5 10:45 ET Goon Evans
    10/6 8:30 ET Trade Deficit
    10/6 10:00 ET JOLTS job openings
    10/6 10:45 ET Chief Goon Powell
    10/7 2:00 ET Sept FOMC minutes
    10/7 3:00 ET Goon Williams
    10/8 8:30 ET Initial jobless claims
    10/9 10:00 ET Wholesale Inventories
    10/9 12:10 ET Goon Rosengren

    Key Economic Events Week of 9/28

    9/29 8:30 ET Advance trade in goods
    9/29 9:00 ET Case-Shiller home prices
    9/29 10:00 ET Consumer Confidence
    9/30 8:15 ET ADP employment report
    9/30 9:45 ET Chicago PMI
    10/1 8:30 ET Personal Income and Spending
    10/1 8:30 ET Core Inflation
    10/1 9:45 ET Markit Manu PMI
    10/1 10:00 ET ISM Manu PMI
    10/2 8:30 ET BLSBS
    10/2 10:00 ET Factory Orders

    Key Economic Events Week of 9/21

    9/21 8:00 ET Goon Kaplan
    9/21 10:00 ET Goon Evans
    9/21 Noon ET Goon Brainard
    9/21 6:00 pm ET Goon Williams & Goon Bostic
    9/22 10:30 ET Chief Goon Powell on Capitol Hill
    9/22 Noon ET Goon Barkin
    9/22 3:00 pm ET Goon Bostic again
    9/23 9:00 ET Goon Mester
    9/23 9:45 ET Markit flash PMIs for September
    9/23 10:00 ET Chief Goon Powell on Capitol Hill
    9/23 11:00 ET Goon Evans again
    9/23 Noon ET Goon Rosengren
    9/24 1:00 pm ET Goon Bostic #3
    9/24 2:00 pm ET Goon Quarles
    9/24 10:00 ET Chief Goon Powell on Capitol Hill
    9/24 Noon ET Goon Bullard
    9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
    9/24 2:00 pm ET Goon Bostic #4
    9/25 8:30 ET Durable Goods
    9/25 11:00 ET Goon Evans #4
    9/25 3:00 pm ET Goon Williams again

    Key Economic Events Week of 9/14

    9/15 8:30 ET Empire State and Import Price Idx
    9/15 9:15 ET Cap Ute and Ind Prod
    9/16 8:30 ET Retail Sales
    9/16 10:00 ET Business Inventories
    9/16 2:00 ET FOMC Fedlines
    9/16 2:30 ET Powell Presser
    9/17 8:30 ET Philly Fed
    9/18 8:30 ET Current Acct Deficit

    Key Economic Events Week of 9/7

    9/9 10:00 ET JOLTS job openings
    9/10 8:30 ET Initial jobless claims
    9/10 8:30 ET PPI
    9/10 10:00 ET Wholesale Inventories
    9/11 8:30 ET CPI
    9/11 9:45 ET Core CPI

    Key Economic Events Week of 8/31

    9/1 9:45 ET Markit Manu Index
    9/1 10:00 ET ISM Manu Index
    9/1 10:00 ET Construction Spending
    9/2 8:15 ET ADP employment
    9/2 10:00 ET Goon Williams
    9/2 10:00 ET Factory Orders
    9/3 8:30 ET Initial jobless claims
    9/3 8:30 ET Trade Deficit
    9/3 12:30 ET Goon Evans
    9/4 8:30 ET BLSBS

    Key Economic Events Week of 8/24

    8/24 8:30 ET Chicago Fed Idx
    8/25 10:00 ET Consumer Confidence
    8/26 8:30 ET Durable Goods
    8/27 8:30 ET Q2 GDP 2nd guess
    8/27 9:10 ET Chief Goon Powell Jackson Hole
    8/28 8:30 ET Pers Inc and Consumer Spend
    8/28 8:30 ET Core Inflation
    8/28 9:45 ET Chicago PMI

    Key Economic Events Week of 8/17

    8/17 8:30 ET Empire State Manu Idx
    8/17 Noon ET Goon Bostic
    8/18 8:30 ET Housing Starts
    8/19 2:00 pm ET July FOMC minutes
    8/20 8:30 ET Jobless claims
    8/20 8:30 ET Philly Fed
    8/20 10:00 ET LEIII
    8/21 9:45 ET Markit flash PMIs July

    Forum Discussion