Arrested For Manipulating The Gold Market

[Copper Catcher]

"Here is what got far less publicity: it wasn't just any futures that were spoofed - all the banks and traders busted were charged for spoofing the precious metals market, i.e. gold and silver. We bring this up because there are still the occasional idiots out there who say gold and silver were never manipulated."

https://www.zerohedge.com/news/2018-01- ... old-market

Sadly, in my opinion, these are just slaps on the wrist of the big players and things will continue as usual. The "so called" fines are laughable and I'm sure are viewed as just the cost of doing business. Who gets that money anyway? It's sure is not the folks hurt by the manipulation is it! Nothing to see here, move along please...

[Recyclersteve]

I remember the first time I read one of these manipulation stories years ago and got really excited thinking that could make a big difference in the price of metals. I've seen so many stories (not just PM's but manipulation of the LIBOR (interest rates), oil, the "London Whale" that cost J.P. Morgan billions of dollars, etc. etc.) that now I just yawn when I see another one. And that is SAD!!!!