It was reported last week that Deutsche Bank (NYSE:DB) has settled lawsuits over allegations it manipulated gold and silver prices via the “London Fix“. This is not really news, in that experienced traders would already be aware that banks and other large-scale operators regularly attempt to shift prices one way or the other in most financial markets to benefit their own bottom-lines. I just wanted to point out that this “news” does not—in any way, shape or form—constitute evidence that there has been a successful long-term price suppression scheme in the gold and silver markets.
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Source Credits: Steve Saville in Investing