Commodity Trade Mantra

Posts Tagged ‘HSBC’

Silver Will Be The Gift That Keeps On Giving In 2015

Bullion banks that are massively short paper silver might have a bigger problem with delivering physical silver right now than they do with gold. It’s almost as if the bonafide physical silver accumulators are removing as much physical silver possible. Even HSBC issued a report forecasting an 11 million ounce supply deficit in 2015.

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.

Will Ending the London Gold fix be the Start of a Price Surge?

Will this sort of reform be enough to start a price surge for the precious metals? If the London price fix encourages market regulators to go further and question the role of the central banks in fixing gold prices then this really could open a can of worms, and that would send prices much higher.

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"

A group of investors across the U.S. and Caribbean, including city and state pension plans have filed a joint lawsuit against 12 banks (All the Too Big To Prosecute banks) for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet?

European Banks have $3 Trillion of Exposure to Emerging Markets

European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders, putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India & South Africa intensifies. Europe’s banks have about 12% of their assets in emerging markets.

Banks Disparage Gold Ownership and Engage in Largest Financial Crime Spree

As we enter 2014 and amid a list of bearish reports on gold, issued by most of the major Western banks, the flow of gold from the West to the East continues while Western banks are found guilty of a multitude of criminal activities including market rigging, insider trading, just to mention a few.

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