Ronan Manly: Spoofing futures and banging fixes -- same banks and trading desks


4:10p ET Monday, April 16, 2018

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly, examining the U.S. government prosecution of three bullion banks charged with manipulating and "spoofing" the monetary metals futures markets in the United States, notes today that the banks and traders cited were also simultaneously operating in the daily gold and silver price fixings in London. The U.S. futures markets and the London fixings influence each other's prices, Manly writes, and market regulators would have to be pretty obtuse not to follow the U.S. evidence to London in search of market manipulation there.

Manly's analysis is headlined "Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desks" and it's posted at Bullion Star here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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