Saturday, October 3, 2015

Massive Gold Market Rigging Scandal About To Break.

What people have been saying for years is about to be laid out for all to see, the Gold market has been manipulated by a world wide collusion between the Feds and some of the biggest banks in the world.

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal


With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators.
That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver manipulation, it has been very clear that the only question is how many banks will end up paying billions to settle the rigging of the gold market (with nobody going to prison as usual, of course).

.....unlike previous gold probe cases, this one will actually have consequences.
How do we know?
Because just like in LIBOR-gate, just like in FX-gate, it is the biggest rat of all, Swiss megabank UBS, that is about to turn on its former criminal peers.
As Bloomberg reported earlier "UBS was granted conditional leniency in Swiss antitrust probe of possible manipulation of precious metal prices, a person with knowledge of the matter said."
Bloomberg adds that the "bank may face lower fine than six other banks and financial firms suspected in probe or may avoid penalty altogether, person says."
Why would UBS do this? The same reason UBS did so on at least on two prior occasions: the regulators have definitive proof it is involved, and gave it the option to turn evidence and to rat out its cartel peers, or face even more massive financial penalties.
UBS promptly chose the former, and took the opportunity to minimize yet another key civil (and criminal) market manipulation charge against it, especially after it was already branded a "criminal recidivist" between Libor, FX and, of course, the tax evasion scandal: one more manipulation scandal and the bank could well lose its license to operate in NYC.
Which simply means that now the official countdown on the announcement of what will be revealed as the biggest gold-manipulation and rigging scandal in history, has begun.

Like Taylor Durden says above though, ain't nobody gonna go to jail for this either, further proof that laws are for little people so just shut your mouth and get back to work peon.

He states earlier in the piece that there have been multiple lawsuits filed in this country alleging this price fixing so someone is going to be getting their checkbooks out again down the road.

What is unclear here though is how The Fed is going to keep their asses out of the fire when it's all said and done.

What is clear though is that these financial institutions are an ongoing criminal enterprise that is world wide.

The LIBOR rate fixing scandal proved that they were all in cahoots to screw everyone over to make money, this shows that they are still doing it, consequences be damned, because they are going to pay whatever financial penalties they recieve out of the profits they have made by screwing everyone over in the first place. So, there is absolutely no incentive for them to stop their crooked ways,




  1. After they are found guilty, do an audit and calculate all profits made by the market manipulation and take it all as the penalty. This way it is not profitable.


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