Deutsche Bank Turns on the Gold-fix Cartel

Now that the price-fix dam has broken and Deutsche Bank has in effect agreed to turn on its fellow commodity-fixing bankers, it’s certain that countless discussion between aggrieved traders and investors and their lawyers will result in a flood of costly litigation chocking Wall Street and City of London banks and their Continental co-conspirators. Interestingly, this ought to unblock the blockage in gold markets worldwide just as China, obviously fed up with the Wall Street gold price games, has created a Shanghai Gold Market intended to replace London and New York under quite different rules. This could well be the dawn of a new golden era, literally and figuratively.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s