by Dan Norcini
Trader Dan
Ah yes, the silver manipulation crowd is ecstatic this AM as they gleefully point to news that Deutsche Bank has agreed to settle in a class action lawsuit which claimed that it, along with several other large banks, had been rigging the silver price at the London Silver Fix.
The claim by the silver cultists is that the bank would not have agreed to settle if they had done nothing wrong. Hello? Ever heard of companies settling nuisance lawsuits to make them go away? Nowadays it is called the “cost of doing business”.
Many unscrupulous attorneys make their living targeting corporations and other juicy targets in the full knowledge that such companies will almost inevitably settle to avoid the costs of litigation, not to mention the time, resources, and aggravation that would be involved in taking such a case to trial. Then there is always the risk of a fickle jury.