King Report: Banks suspected of rigging gold likely do it for central banks

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By Bill King
Excerpted from The King Report, Burr Ridge, Illinois
Wednesday, February 25, 2015

http://www.mramseyking.com/king-report

For years if not decades the usual suspects ridiculed people who claimed that gold was being manipulated. But the conspiracy crowd was right:

The disappeared: Chicago police detain Americans at abuse-laden 'black site'

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By Spencer Ackerman
The Guardian, London
Tuesday, February 24, 2015

CHICAGO -- The Chicago police department operates an off-the-books interrogation compound, rendering Americans unable to be found by family or attorneys while locked inside what lawyers say is the domestic equivalent of a CIA black site.

BNY Mellon in settlement talks over forex fraud, sources tell Reuters

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By Karen Freifeld and Nate Raymond
Reuters
Tuesday, February 24, 2015

NEW YORK -- Bank of New York Mellon Corp. is in settlement talks with the U.S. Justice Department and New York attorney general over claims the bank defrauded clients in foreign exchange transactions, according to sources familiar with the matter.

New York Sun: Janet Yellen's audit

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From the New York Sun
Tuesday, February 24, 2015

Greece can't pay but EU can't let Greece go, Embry tells KWN

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3:16p ET Tuesday, February 24, 2015

Dear Friend of GATA and Gold:

Greece can't pay its European Union creditors but the EU can't let Greece go because default would wreck the EU banking system, Sprott Asset Management's John Embry tells King World News today, adding that nothing about the Greek situation has been solved. An excerpt from Embry's interview is posted at the KWN blog here:

Swiss competition agency hops on gold price-rigging probe pig pile

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Swiss Watchdog Says It's Looking at Possible Gold Market Manipulation

By Joshua Franklin
Reuters
Tuesday, February 24, 2015

Switzerland's competition commission WEKO is looking into possible manipulation of price fixing in the precious metals market, its spokesman said today. ...

Bank of England denies secret futures trading on CME Group exchanges in U.S.

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11a ET Tuesday, February 24, 2015

Dear Friend of GATA and Gold:

Bank of England Governor Mark Carney today told the Treasury Committee of the House of Commons that the bank is not participating in CME Group's program by which central banks receive discounts for their secret trading in all major U.S. futures markets.

The CME Group's "central bank incentive program" is described here:

Sprott Money News interviews Hugo Salinas Price on silver's return as money

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11:25p ET Monday, February 23, 2015

Dear Friend of GATA and Gold:

Big banks face scrutiny over pricing of metals

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By Jean Eaglesham and Christopher M. Matthews
The Wall Street Journal
Monday, February 23, 2015

U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries.

Rising interest rates won't subdue gold, Turk tells KWN

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9p ET Monday, February 23, 2015

Dear Friend of GATA and Gold: