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Craig Hemke at Sprott Money: More gold price manipulation news
By Craig Hemke
Sprott Money, Toronto
Tuesday, November 14, 2021
In what has become a steady stream of fines, settlements, and convictions, there was more news this week on the gold price manipulation front as multiple bullion banks reached a settlement regarding their manipulation efforts around the London daily price fixing.
... Dispatch continues below ...
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And what is the London daily price fixing? It's an arcane and opaque process that determines the globally-recognized wholesale price of gold. How and why this system is still allowed to operate in the year 2021 is beyond me, but that's also beyond the point.
What you need to know is that this week's settlement is just another in the long line of criminal and civil actions taken against the bullion banks and their traders over the past few years. ...
... For the remainder of the report:
https://www.sprottmoney.com/blog/More-Gold-Price-Manipulation-News-Craig-Hemke-Nov-16-2021
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