There are some idiots on here who claim that the gold price isn't manipulated. Well overnight 2 traders from that highly esteemed establishment Deutsche Bank pleaded guilty to spoofing gold prices. There comment was that it was so common that they thought it was ok to participate,
Liew pleaded guilty to spoofing charges and was cooperating with the government in return for leniency.Although spoofing is illegal, Liew said in his testimony that they were “so commonplace” among his co-workers that he figured it was okay.
Deutsche Bank have had as many fines as Skol posts on HC. Skol is like a drug user who needs to get his daily fix and so posts for the sake of it, and like a drug user most of it drivel.
In the meantime gold up strongly overnight, suggesting, it may be pulling out of it's consolidation phase. A far cry from the $800 or $1,360 that WHO predicted for August, September, March ,April.
