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Old June 25, 2019, 22:00   #1
RG Coburn
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If it has no value...

Why manipulate the price of it??
https://www.zerohedge.com/news/2019-...housands-times

"Merrill Lynch Caught Criminally Manipulating Precious Metals Market "Thousands Of Times" Over 6 Years "
"Remember when it was pure tinfoil-hat conspiracy theory to accuse one or more banks of aggressively, compulsively and systematically manipulating the precious metals - i.e., gold and silver - market? We do, after all we made the claim over and over, while demonstrating clearly just how said manipulation was taking place, often in real time.

Well, it's always good to be proven correct, even if it is years after the fact.

On Tuesday after the close, the CFTC announced that Merrill Lynch Commodities (MLCI), a global commodities trading business, agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the COMEX (Commodity Exchange Inc.). The announcement was made by Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office. In other words, if the Merrill Lynch Commodities group was an individual, he would have gotten ye olde perp walk.

As MLCI itself admitted, beginning in 2008 and continuing through 2014, precious metals traders employed by MLCI schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market. "
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Old June 26, 2019, 06:52   #2
Bawana jim
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Game must be back on as gold has gone up a bit...
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Old June 26, 2019, 09:59   #3
blueyedfaler
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Just take a look at the paper gold and silver market, all legal. They sell PM's that do not exist at 200 to 600 x's depending on who you choose to believe. They even have the corrected value on the US debt clock! No one gives a rats ass.
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Old June 26, 2019, 12:47   #4
bubbagump
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Quote:
Originally Posted by RG Coburn View Post
Why manipulate the price of it??
https://www.zerohedge.com/news/2019-...housands-times

"Merrill Lynch Caught Criminally Manipulating Precious Metals Market "Thousands Of Times" Over 6 Years "
"Remember when it was pure tinfoil-hat conspiracy theory to accuse one or more banks of aggressively, compulsively and systematically manipulating the precious metals - i.e., gold and silver - market? We do, after all we made the claim over and over, while demonstrating clearly just how said manipulation was taking place, often in real time.

Well, it's always good to be proven correct, even if it is years after the fact.

On Tuesday after the close, the CFTC announced that Merrill Lynch Commodities (MLCI), a global commodities trading business, agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the COMEX (Commodity Exchange Inc.). The announcement was made by Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office. In other words, if the Merrill Lynch Commodities group was an individual, he would have gotten ye olde perp walk.

As MLCI itself admitted, beginning in 2008 and continuing through 2014, precious metals traders employed by MLCI schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market. "
A single 'yes' comes to mind ... ... but I can't help piling on with a 'ya THINK???'

Quote:
Originally Posted by Bawana jim View Post
Game must be back on as gold has gone up a bit...
Game never ended. You know my thoughts on gold, call me when it's trading at it's historical price with respect to silver. That is to say, 10x what silver is which would put it somewhere around $150 an ounce today.
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Old June 26, 2019, 19:15   #5
brunop
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...or alternately Silver prices are still being held down by JPMorgan - which you must know is happening.
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Old July 02, 2019, 11:22   #6
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And me who thought this was about those beings who are self-castrating.
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