GOLD 0.51% $1,391.7 gold futures

Yellen? Barely Talkin!, page-8

  1. 3,971 Posts.
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    Hi Timber, Biggle’s, Johnny, Goblin, Merde for brains and all,

    Biggle’s busy day today as I de-camp the North East of England and head back to the Queensland sunshine A1-380 as usual tonight out of Manchester! So not much time to write; however, I do wish to pose a question.

    On the off chance that it proves true that the big banks have been manipulating the price of precious metals in a similar manner to say LIBOR will you guys at Troll Central hang around and apologise for being wrong or will you just simply disappear?

    If my memory serves me well the Troll Central group did a very good job of ignoring the fact back in May 2014 I wonder if this scandal is bigger than 26 million pounds maybe even as big as the German VW scandal!!!

    “Barclays fined £26m for trader’s gold rigging”

    “A shadow has been cast over another key global financial benchmark after UK regulators found that a Barclays trader had manipulated the London gold fix that is used to value billions of dollars of derivatives contracts annually.”


    http://www.ft.com/cms/s/0/08cafa70-e24f-11e3-a829-00144feabdc0.html#axzz3n7VaxWqj

    I guess you can’t really blame the banks as they are always in a winning position. Get caught breaking the law and pass the fine onto the shareholder! Break the bank and get bailed out by the Tax Payer! Have a great year and enjoy a roaring bonus! They won’t stop this behaviour until they start jailing or better still hanging some of the Bustard’s!

    I see the hat dancers are also having a few problems:

    http://www.bloomberg.com/news/articles/2015-09-28/mexico-extends-peso-intervention-citing-market-volatility-


    Some last minute advice for the none Gold believers

    http://www.tocqueville.com/sites/default/files/JohnHathawayInterviewOctavianReport.pdf


    Later this week I will find out the damage done in Australia during my absence I always find it amazing you turn your back for a few minutes and everything changes; still I guess it’s not quite as bad as a political life turn you back there and get stabbed!

    Cheers and very best regards: Andy
 
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