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Deutsche Bank Admits It Also Rigged Gold Prices, Agrees To Expose Other Manipulators

Well, that didn’t take long.

Earlier today when we reported the stunning news that DB has decided to “turn” against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to “valuable monetary consideration” said it would expose the other banks’ rigging having also “agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement” we said “since this is just one of many lawsuits filed over the past two years in Manhattan federal court in which investors accused banks of conspiring to rig rates or prices in financial and commodities markets, we expect that now that DB has “turned” that much more curious information about precious metals rigging will emerge, and will confirm what the “bugs” had said all along: that the precious metals market has been rigged all along.”

This was confirmed moments ago when Reuters reported that Deutsche Bank has also reached a settlement in US litigation alleging the bank conspired to fix gold prices. In other words, hours after admitting it was rigging the silver market, it did the same for gold.

cont. http://www.zerohedge.com/news/2016-04-14/first-silver-now-gold-deutsche-bank-admits-it-also-rigged-gold-prices-legal-settleme

Should send this to Trump.

Another mess caused by OBAMA giving a global free for all invitation to illegal immigration. When they went to Florida last time crime got so bad it created open carry to protect themselves.
Cuba blames US for instigating surge of migrants from
http://bigstory.ap.org/article/f6901a836a9c4535ba10f5793c294e9a/costa-rica-proposes-humanitarian-corridor-cuban-migrants
EXCLUSIVE: The refugee crisis caused by Obama – thousands of Cubans flee Castro over fears US open door policy will end but are now stuck in Central America, penniless, ill and blaming the White House
http://www.dailymail.co.uk/news/article-3384207/New-Cuban-refugee-crisis-thousands-flee-Castro-regime-hope-getting-stranded-Central-America-penniless-blocked-getting-Mexican-land-border.html

U.S. Pays to Feed and Shelter Cuban Migrants Stranded in Costa Rica
http://mobile.nytimes.com/2016/03/05/world/americas/us-pays-to-feed-and-shelter-cuban-migrants-in-costa-rica.html?referer=&_r=0

What the hell. If they drop it to $2/hr and I’ll hire five people for yard work to rake leaves etc and clean the house. 🙂

China, I wonder how that’s going to keep them honest when they devalue their currency on a whim based on their own economic needs. Guess we’ll see.

Weiss was saying the dollar would crash years ago to buy gold. Since then the dollar has gone up and gold went down. He had the right idea including  mismanagement but his analysis of the outcome as of now anyways was wrong.

Edelson follows Armstrong but as you know Armstrong can change his forecasts based on current events but Edelson seems to get stuck on one thought and stays there. The fact is the market doesn’t want people to know what they’re doing. They want to continue using our money to enrich themselves. Once too many know about something it changes. The more big money and retirement money is in something the safer it is although nothing os safe long term due to rinse and repeat. I don’t know too many retirement funds that invest in either ETFs or PMs making them a easier target for manipulation and outright theft. Best defense is charting and stick with realistic targets and if something  turns against you get out and don’t let these guys lose your money. It kinda reminds me of a train coming down the road and you yell get off the tracks and a guy says what train its not due yet.

Way too many pop-ups for me, all advertisements. Normally when I google a headline, various other places have the exact same story by the invisible unknown “Tyler Durdan”. Go and google search…

“Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks”

And see what I mean. A bunch of different sites reporting the same story and same unknown authors.

I tracked Edelson from his public comments in 2009 and 2010. I have the data on a failed HP notebook caused by a bad cooling fan. A B..ch to replace but, it is only a $10.00 part.  Anyway, good old Larry had his subscribers go short and puts in 3x ETF’s and refused to change his opinion as Gold and the HUI rocked up! Weeks turned into months. He kept saying that his master indicators were never wrong. Any subs that followed his advice were easily wiped out with successive margin calls. At the end of this many month debacle, good old Larry said that his master indicator occasionally gets it wrong in the short term but, never in the long term. He wiped his subs out and never bothered to say that he was dead wrong…never apologized either.

By simply looking at the number of followers they have.  There’s less than 400,000 people following. These follwers are all Debbie downers and gold bugs probably. The end of the world is near crowd. If this informatiob were reliable, millions of people would listen.

Do they print news of interest?  Yes. Any site can do that

The bash is a result of the O I being over 500K.  Typical take down range. Will it ever stop? Who knows? If I had the dough, would had bought some insurance to profit from it.  Gonna be a wash and rinse kinda day or three.

3 reasons.

1st is they will run out of physical.

2nd is the whole financial system is a joke, only held together by 24/7 manipulation….it can’t last, as it is no longer anything but a gigantic parasite sucking the life out of the economy, rather than the facilitator of growth.

3rd People all over have had it, hence Saunders and Trump in US, Marie le Pen France, Farage UK….even if they are stopped by the Scum, someone else will turn up, or they will be elected eventually….short of canceling Democracy, the Scum are doomed.

SECURITIES AND EXCHANGE COMMISSION
Parts:
Weiss Research’s Selective Statements About Profitability

12. During the relevant time period, Weiss Research disseminated advertisements prepared by Martin Weiss, Edelson, and others that gave examples of the profits those subscribers who followed the recommendations in Weiss Research’s premium services newsletters could earn. These solicitations were designed to attract new subscribers to Weiss Research’s premium services and persuade existing subscribers to subscribe to additional premium services. These advertisements, however, selectively highlighted profitable trades, omitted specific references to unprofitable trades, and presented an unrealistic picture of Weiss Research’s investment success.

13. Weiss Research, in promotional materials prepared by Martin Weiss, Edelson, and others, sometimes used selective, outdated, and/or hypothetical examples of specific returns that subscribers might have realized on individual trades had they followed Weiss Research’s recommendations, without advising that the overall return was or might not be profitable. For example, Weiss Research, in promotional materials disseminated until July 2003, claimed that subscribers “who followed our recommendations scooped up 400% profits,”

and also “bagged profits like 400% … 39% … 217% … 100% … 374% … 66% … 171% … 222%.” In other advertisements, Edelson told potential subscribers, “I cannot guarantee profits. This is a speculative service for your speculative money. But as you can see from the penny gold shares I’m eyeing right now, it’s not an understatement when I say you could make back the cost of the subscription fee 30…40…even 50 times over.” Because this publication carried a maximum subscription rate of $5,000 per year, this claim indicated that subscribers could profit by as much as $250,000 by following Weiss Research’s recommendations.

14. The overall performance of Weiss Research’s premium services did not support these profit claims. In fact, during the relevant time period, many subscribers who followed each Weiss Research trading recommendation – as Weiss Research encouraged its subscribers to do – experienced overall returns that were substantially lower than Weiss Research’s profit examples and most actually lost money. Although Weiss Research disclosed to subscribers that losses are possible, it did not include information on specific losing trades or disclose that, for the most part, its premium services newsletters had not been profitable for subscribers.

http://www.sec.gov/litigation/admin/2006/ia-2525.pdf

Please tell me how Gold and Silver aren’t going to continue being manipulated into eternity. It’s hopeless crap. But look at the stock market, blue skies and endless returns

FYI Parts:

I just received an unsolicited e-mail apparently from a Larry Edelson which claimed “I have uncovered compelling evidence that the Chinese government is conspiring with Washington, D.C. to impoverish you and sentence your children and your grandchildren to lives of financial servitude.” and then offering a way of avoiding this problem. Doomsday sayers should be evaluated very carefully…

I’ve seen two advertisements for so-called “well known” financial analysts and reporters purporting to have inside information on grave threats to the economy. I visited the websites advertised in the commercials just to see what all the hype was about. It turned out both websites were sales pitches for high priced newsletters containing investment advice. Both were products of the same company, Weiss Research, Inc.

The first sales pitch was given by Martin Weiss. He claimed to have correctly predicted several ups and downs in the economy months or years in advance of the actual event.

The second was by Larry Edelson, who appears to be the editor for one or more of the publications being advertised. He also claimed to have predicted many of the same events.

I know shameless self-promotion when I see it and I have no intention of buying a subscription to their publication but just because they toot their own horn doesn’t mean they aren’t telling the truth. So what I’m wondering is:
1.Did they accurately predict the event’s they claimed to?
2.Do the free rating lists they publish accurately reflect those companies financial health?
3.Do they appear to give sound financial advice?

I tried to search for background information on Weiss and Edelson but everything I found pointed straight back to one of the numerous websites they control. Even the Wikipedia article was under review for deletion because there was evidence it had been written by someone associated with the company and didn’t meet Wikipedia’s guidelines for accuracy and verifiability.

http://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company

P.S. Tyler Durden, the alias of several bloggers from the financial website Zero Hedge.
Comment: I don’t trust anything “they” say. It can never be confirmed anywhere else.

Maybe a hack attack ?

ZH says Schwab is down as well.

No rallys allowed in PM shares, as GDX under non stop selling pressure in size.

Da Scum have had enough, they want these mkts down.

It’s on short term bounce. Long term I see lower highs and the start of a another drop. The recent higher Dollar was to give short term help for Europe and Japan who are spoiled and can’t take, not used to pain.

http://www.mrci.com/pdf/dx.pdf

I want the dealers to sell sell sell … sell out!

If you are a seller wouldent you sell to a buyer paying in a GOLD backed currency vs a Paper backed currency .

IF you are a BUYER wouldent you want to pay in a Paper backed  currency ?

That begs the question who is going to get the GOLD ..the buyer paying with Paper or buyer Paying with Gold backed Paper ?

its an old axion that you spend a worthless currency ,but you store a value currency.   BUT BUT that means BAD Paper drives GOOD out of circulation !

The DOLLAR wins ! the trade war.The yuan wins the store of value but loses trade ! China gets the GOLD ,but at the expense of jobs ..The RICH get Richer in China ,but the Poor lose jobs !    ITS deja VU all over again  !  Where have I seen this before  ?   Ive seen this movie before ..this is where I came in!

China just shot themselves in the FOOT !

China’s yuan gold benchmark to launch with 18 members -source

Top Chinese banks and gold miners, along with the world’s biggest jewellery retailer, will be among 18 members taking part in Beijing’s new yuan-denominated gold benchmark, a source familiar with the matter said.

Two foreign banks will also join the benchmark-setting process, when it launches on April 19, marking China’s biggest step to become a price-setter for gold.

As the world’s top producer, importer and consumer of gold, China has baulked at having to depend on a dollar price in international transactions, and believes its market weight should entitle it to set the price of gold.

A yuan gold fix is not expected to pose an immediate threat to the gold pricing dominance of London and New York, but it could ultimately give Asia more power, particularly if the Chinese currency becomes fully convertible.

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China , China Construction Bank and Bank of Communications are among the ten Chinese banks that will participate, said the source, who declined to be identified because he was not authorised to speak to the media.

cont. http://www.reuters.com/article/china-gold-fix-idUSL3N17G1Z5

They said in other words, the walk in retail people were BUYING Silver like crazy.

Harvey Organ: Sprott’s $75 Million Silver Order Strikes A Nerve With Banksters

http://www.silverdoctors.com/headlines/world-news/harvey-organ-sprotts-75-million-silver-order-strikes-a-nerve-with-banksters/