Commodity Trade Mantra

Posts Tagged ‘Bank of Nova Scotia’

Gold And Silver Traders Rejoice - Manipulation Lawsuit Against Banks To Proceed

A US Federal Court has found that a lawsuit – the first of its kind – has merit and will now proceed to rule on the following claims versus HSBC and Bank of Nova Scotia. And so the discovery process begins, which will expose just how much market manipulation takes place in the silver (initially as there is a parallel lawsuit taking place with regard to gold) market by major banks.

Secret Scheme To Manipulate The Price Of Silver

Deutsche Bank, Bank of Nova Scotia & HSBC 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. Investors claim, the banks unlawfully manipulated silver and silver futures.

Silver Manipulation To End; $150 Per Ounce Possible

Deutsche Bank, HSBC & Bank of Nova Scotia have been 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 & its derivatives, abused their position of controlling the daily silver fix to reap illegitimate profit from trading, according to the suit.

London Fix Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit

A class action lawsuit filed by Edward Derksen on July 9, 2014 against the London gold fix member banks clearly shows the critical role the daily fix has in the manipulation of the price of gold, both in a downward and upward direction: whichever suits the London Fix member banks. Here are some of the highlights.

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