John Rubino was with us today discussing the recent admission of Deutsche Bank’s role in fixing the gold/silver markets. John is of the opinion that this isn’t the big smoking gun that everyone was expecting. Rather it was a simple case of using their knowledge of the upcoming fix to effectively front run the price and make some money in the process. The big issue which will probably never go to trial is Fed/Central Bank fixing where gold is leased and contracts floor the market in an effort to control the price. Is it really happening? You be the judge.
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