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Saturday, December 22, 2018

Bill Murphy: Gold Price Fixing, What’s Next?


Just the latest round of class-action lawsuits on gold price fixing are being filed against investment bank JPMorganChase because of the confession by a former futures trader for the bank who has pleaded guilty to manipulating the monetary metals markets. 

This brings the “Hall of Shame” to no fewer that SIX major banks accused of or fined for rigging the metals markets in recent years. Are regulators turning a blind eye? Why? 

Who’s calling the shots, why does this all matter (a lot) in the grander scheme of things, and what’s next?