The Deutsche Bank Gold/Silver Manipulation Settlement: All Show, Little Tell

by David Kranzler
Investment Research Dynamics

Until I’m proven wrong, it is likely that the Deutsche Bank gold/silver manipulation settlement with investors will not change the ongoing Central Bank/bullion bank manipulation of the gold and silver markets.

To begin with, the charges and settlement relate to DB’s participation the LBMA gold/silver daily price fix, from which DB removed itself in early 2014. Deutsche Bank is de facto insolvent. It would have collapsed under the weight of bad assets and fraudulent OTC derivatives had western Central Banks not cooperated to keep the corpse alive. Letting DB hang for the sins of the other players was an easy decision.

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