Silver Manipulation To End; $150 Per Ounce Possible – Video
GoldCore
SilverSeek.com
Monday, July 28, 2014
Bank Suppression Of Silver Manipulation To End And Price Surge
Allegations of silver market manipulation went viral overnight with Bloomberg, the BBC, Reuters and media companies throughout the world covering the new lawsuit.
Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver to the detriment of investors globally.
The banks unlawfully manipulated silver and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.
The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix.
Manipulation of the silver market was covered in a just released ‘Get REAL’ Special on Silver presented by Jan Skoyles. Mark O’Byrne of Goldcore.com was interviewed and the interview was an in depth look at this silver market today.
The Rest…HERE
