DB cops to Ag fixing

[neilgin1]

here's the article from ZH:
http://www.zerohedge.com/news/2016-12-0 ... ver-market

the settlement was 38 mln USD...peanuts I know, BUT, these idol worshippers are gonna rat out their buddies , vitamin D deficient trading room humps, I know these type of guys, I grew up with them, they disgusted then, they disgust me now BECAUSE ..A. they have no honor and B. all their tom chicanery does is give ammo to commies who say "capitalism doesn't work", which is a lie, because free market mercantilism DOES work....but if men were angels, we wouldn't need sound regulations to smoke out these liars thieves crooks...which is why I was barking at a certain fly fisherman, I know some of you thought I was being an a-hole...but I KNEW his game......sorry to rant...let me close with a FOND wish for a Merry Christmas for all you guys and your kin, n

[68Camaro]

Yep - CC posted similar thread. I hope there is more digging into the crimes, but regardless they are destroying the current futures market, which is not a good thing. Perhaps a new market will get re-built, because - properly executed - a future's market serves a noble purpose that allows commerce and market growth. In the meantime, stack physical.

[InfleXion]

Peanuts for sure... but this is still a positive development. Gone are the days where we face ridicule for saying markets are manipulated. Now there is plenty of evidence to make the case to our less educated friends and family for why they should own precious metals, and hopefully they will take heed so they can support themselves in the future instead of being setup for retirement failure by the fiat dollar, government debt, and the casino known as the stock market.

I have long suspected that China would supplant the LBMA as the price setting mechanism for precious metals, but now that China has a seat on the LBMA I'm not quite sure how I think that might play out. I still think the West is going to get hung out to dry so a new "better" price fixing system can be implemented, and if that is implemented by the East who own all the gold I don't anticipate them having any vested interest in not allowing fair market pricing.

This is probably part of the process of delegitimizing the west for that purpose, but the wheels of bureaucracy are too slow to be squeaky.

[Recyclersteve]

Agreed- we won't get ridiculed so often when we say the markets are rigged. Still, if market prices don't get to so-called fair levels reasonably soon, what good is that? Isn't that like saying you will get slapped with a minor penalty (the $38m fine), but the major markets will continue to be unfair for years. I need to have more faith in a legitimately fair price. This one bothers me a fair amount and I don't likely need to cash out of my investment for perhaps 20 years or more. I'd be really bent out of shape if I needed the money now. It would be like being right on a stock (or stock option), but your timing isn't impeccable and you get crushed.

[IdahoCopper]

This makes me think there will never be a true moonshot. Maybe the next time it spikes close to $30, will be the time to get completely out of PMs.

[68Camaro]

I think the moonshot question is more when not if. PLs aren't tulips. I'm sure there will be a moonshot within the lives of my children. The question is whether or not I will live to see it; I tend to think we will see a market crash by 2020 if not before; but if it takes another 10 or 20 years then my children will benefit more than I will.

PM prices are actually hanging in there. Given that the USD is now at 102, if you corrected PM prices to another USD rate you could easily see mid 20s for silver and 1600+ for gold. PMs expressed in the USD are just cheap, which others in the world.don't have. My view - take advantage and buy as much as I can while it remains cheap.

[oober]

Wonder if this affected the CME raising silver margins multiple times in late April 2011, destroying the market and making my short term SLV calls worthless. Nothing better then losing 6 figures in 4 days.