IPFS News Link • Precious Metals
IPFS News Link • Precious Metals
I told them that while
there is no doubt that gold and, particularly, silver are manipulated in
price, I didn’t see how the manipulation stemmed from the London Fix. I
wished them well and hoped that they may prevail (the enemy of my enemy
is my friend), because you never know – if the lawyers dig deep enough
they might find the real source of the gold and silver manipulation,
namely, the COMEX (owned by the CME Group) and JPMorgan.
So I thought it might be constructive to lay out what I thought a
successful lawsuit might look like, although I’m speaking as a precious
metals analyst and not as a lawyer. I’ll try to put the whole thing into
proper perspective, including the premise and scope of the manipulation
as well as the parties involved.
The first thing I should mention is how unprecedented it is that I’m
writing this in the first place. Here I am, directly and consistently
accusing two of the world’s most important financial institutions of
market manipulation (making sure I send each all my accusations) and I
have received no complaint from either. I don’t think that has ever
occurred previously. Now I am taking it one step further; presenting
a guide for how and why JPMorgan and the CME should be sued for their
manipulation of gold and silver (and copper, too).