Revival Of Silver Manipulation Case Brings 'Vindication' - Ceo

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Author	Replies: 4 / Views: 1,291
CCFPress Press Manager United States 1420 Posts	Posted 12/09/2016 4:29 pm Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to revive the case. One key player in the precious metals sphere said the case brings, 'vindication.' 'This is going to cleanse this marketplace,' said Frank Holmes, chief executive officer of U.S. Global Investors, on Thursday. The newly cited evidence was handed in by Deutsche Bank after it reached a $38 million settlement in the case earlier this year. Other banks involved include: UBS, Barclays, Standard Chartered and Bank of America, among other financial institutions. Holmes added that his confidence in the system is not shaken but finds the news disturbing, 'I have always said that gold is the fourth most liquid asset class in the world, and it is money. And naturally, if central banks are involved in manipulating interest rates, then gold is part of that process.' Holmes said the case is 'positive' and views it as 'good news' for the industry. The news comes following last week's headline that Deutsche Bank paid $60 million to settle a U.S. gold price fixing case. BObz_roG-Mg Report this Post to the Staff

moxking Rest in Peace United States 17900 Posts	Posted 12/09/2016 6:24 pm The fixing isn't fixed by the fixers. Who does this surprise? Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 12/09/2016 7:01 pm 38 and 60 Million is Chump Change for these Guys. Put these offenders in Goal and maybe it will be a deterrent. These penny ante settlements won't stop this sort of behavior. Report this Post to the Staff
Earle42 Bedrock of the Community United States 10047 Posts	Posted 12/09/2016 10:10 pm But this is still a good start. A lot of criminal things are being brought out recently that are starting to bring powerful liars and criminals to a place they might (hopefully) have to pay for their evil deeds. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halves https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 12/09/2016 10:33 pm Quote: A lot of criminal things are being brought out recently that are starting to bring powerful liars and criminals to a place they might (hopefully) have to pay for their evil deeds. HeHe If they grabbed everyone then Congress and Wall St would be empty Report this Post to the Staff
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Revival Of Silver Manipulation Case Brings 'Vindication' - Ceo | Kitco News