SVL 3.03% 17.0¢ silver mines limited

Massive market rigging scheme

  1. 1,868 Posts.
    Anyone got a rope and a gallow?

    http://thefreethoughtproject.com/bankers/

    Just a snippet :--

    (ZeroHedge) — Back in April, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning: “in a curious twist, the settlement letter revealed that the former members of the manipulation cartel have turned on each other“, and that Deutsche Bank would provide documents implicating other precious metals riggers. To wit: “In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants.”
    Overnight we finally got a glimpse into what this “production” contained, and according to documents filed by the plaintiffs in the class action lawsuit, what Deutsche Bank provided as part of its settlement was nothing short of “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market. The allegation, as Bloomberg first noted, came in a filing Wednesday in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts.
    In the document records surrendered by Deutsche Bank and presented below, traders and submitters were captured coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.

    Read more at http://thefreethoughtproject.com/bankers/#xoFrQBVEmELTGPvU.99
 
watchlist Created with Sketch. Add SVL (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
0.005(3.03%)
Mkt cap ! $256.3M
Open High Low Value Volume
17.5¢ 18.0¢ 17.0¢ $907.7K 5.183M

Buyers (Bids)

No. Vol. Price($)
28 1130978 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 3205235 24
View Market Depth
Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
18.0¢
  Change
0.005 ( 5.88 %)
Open High Low Volume
17.3¢ 18.0¢ 17.0¢ 2397060
Last updated 15.59pm 07/05/2024 ?
SVL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.