Posted on 12/17/2016 12:02:10 PM PST by Rockitz
As it goes in silver, so it goes in gold. In London at least.
In a bid to have UBS reinstated as a defendant in a London Gold Fix antitrust lawsuit, plaintiffs documents submitted to a New York Court last week include explosive chat room transcripts of UBS and traders from different banks encouraging each other to “push,” “smack,” and “whack” gold prices.
The transcripts are equally as startling as those described of banks of the London Silver Fix and UBS given to the court the previous day and described last week in this article.
On December 6th attorneys for plaintiffs in a consolidated class action against banks of the London Gold Fix and UBS, asked the court for leave to amend with a Third Amended Complaint. The TAC includes additional facts based on a “limited set of cooperation materials” produced by former defendant Deutsche Bank, as part of a settlement agreement and further statistical analysis.
...
In support of allegations that UBS shared customer order information and executed coordinated trades to manipulate gold markets, samples of “dozens” of chat room messages between UBS and Deutsche Bank are contained in the revised document indicating "many efforts to artificially suppress gold prices, and to manipulate gold prices at the time of the Fixing.”
Filings include the following script reminiscent of an 1980’s arcade game scene. Rather than competing for business in the marketplace, supposed competitors UBS and Deutsche Bank however are seen coordinating tactics as they anticipate the most illiquid of days to jointly execute their sell orders for greatest negative impact on the market.
(Excerpt) Read more at zerohedge.com ...
I’ve watched the gold and silver markets for a long time and it seems obvious that these markets are continuously manipulated.
What I don’t understand, however, is how “they” can manage this over extremely long periods of time. Inflation is what is being hidden with respect to gold and silver. But, AFAIK, nothing else is. The price of almost everything else just slowly rises with time. But not gold and silver.
How can that be managed long term? Seems impossible to me.
What you don’t see is that there has been an explosion in “paper gold.”
The thing that many folks don’t understand when it comes to trading and investing is the other side of your trade.
Once you have bot something, you are now a seller of that thing.
When I read and hear about “Major Banks and Institutions” that have bot boat loads of Gold and Silver and what do they know ? ?, and you should join in ?
They need YOU.
They need someone to sell too.
Bitgold.
Yup. Well a couple,past incidents weve seen it. The german bank demanding back all its gold from the US not long ago.
...bot boat loads...
And you're not embarrassed in the least?
It's bought, not bot.
Actually, It’s BOT.
bought
past and past participle of buy
bought
1. the past tense and past participle of buy
adjective
2. purchased from a shop; not homemade
What you got?
Googling BOT
People on trading boards use the shorthand ‘bot’ for ‘bought’ commonly. It’s just faster to type.
You guys are clearly retail.
In COMEX there are 90 paper (or more!) paper contracts to actual Gold ozs. It is one of the biggest scams of all time run by the banksters.
People who buy $25k ads to tell you to ‘Buy gold as a hedge against inflation’ are scamming you.
People like Mark Levin.
Does FR look like a trading board?
The object is to effectively communicate.
That didn't happen in this instance.
You guys are clearly retail.
So you're too good for us lowly retail pukes and can speak in a manner that we're not accustomed to. Got it, O holy One.
Relax, Francis.
Shorthand for bought. Antithesis of SL, meaning sold.
I'm strictly retail, but certainly understood what was being conveyed earlier.
And what's the goal of the manipulators? What are they trying to do? Can you tell?
Good for you. Perhaps others didn't.
If you didn't know would you accept advice from somebody with such abysmal spelling?
If you're looking to communicate you talk down so others understand you, not up and risk creating confusion.
Like now.
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