the great manipulation debate, page-7

  1. 2,046 Posts.
    lightbulb Created with Sketch. 554
    "Barrick Gold, the former largest gold-mining company in the world claiming immunity from prosecution for manipulation by being an agent of the Central Bank"

    instead of blindly following what GATA says, why don't you click the link you kindly supplied and read the actual motion

    no where in it do Barrick claim they are an agent of central banks

    Barrick argue that the lawsuit is deficient because not all parties are listed as defendents - because the plaintiff is arguing that hedge contracts should be void (i.e. the reflief impacts more than just the named defendants), Barrick argues that:

    1) all other gold producers engaged in hedge contracts should be defendents because Barrick only accounts for ~20% of all hedge contracts
    2) not just JP Morgan but all bullion banksshould be defendants as parties to hedge contracts
    3) that central banks, as parties to the overall arrangements, should be defendants as the relief sought would void their contracts

    Barrick then argue that the central banks cannot be included in the lawsuit due to immunity, so it should be dismissed as incomplete / deficient


    if you can read the motion and get anything other than the above out of it then i'm all ears

    if i get bored and have the spare time i might click through the other links as pick those to shreds also
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.