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Bron Suchecki: Would you risk going to jail to fix the fix?
12:27p ET Tuesday, February 2, 2016
Dear Friend of GATA and Gold:
Perth Mint research director Bron Suchecki today compiles many criticisms and complaints about the new London silver price fix, whose seeming malfunction last week has become a bit scandalous. There seems to be much opinion that bullion banks and traders, fearing accusations of market manipulation, are increasingly unwilling to trade simultaneously off the fix when they might need to hedge their trades with futures contracts.
If so, one might think that this serves all of them right, since so much of the monetary metals market is secretive and its bigger participants are essentially agents of central banks, whose objectives long have included currency and commodity market rigging:
http://www.gata.org/node/14839
Let them trying doing their rigging in the open again, as they did in the era of the London Gold Pool.
Suchecki's commentary is headlined "Would You Risk Going to Jail to Fix the Fix?" and it's posted at the Perth Mint's research page here:
http://research.perthmint.com.au/2016/02/02/would-you-risk-going-to-jail...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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