Showing posts with label HSBC. Show all posts
Showing posts with label HSBC. Show all posts

Friday, April 10, 2015

HSBC's Long List of Troubles Just Got Even Longer

It is indeed very interesting that other bullion banks haven't been indicted for manipulating commodities prices, including the precious metals complex.  Not to name names, but HSBC must be the only guilty party.  Surely, no US-based bullion banks are involved in the rigging of markets.
/sarcasm
http://www.bloomberg.com/news/articles/2015-04-10/hsbc-s-long-list-of-troubles-just-got-even-longer
Precious metals: U.S. investigators have ordered HSBC to provide documents on its precious-metals dealings as part of criminal and regulatory probes into the markets. It’s also been named in several class actions alleging the bank conspired to manipulate gold and silver prices.

Saturday, March 7, 2015

Andrew Maguire – Who Smashed Gold Today And Why As HSBC Shocks Clients By Closing All London Gold Vaults!

According to Maguire, the manipulation of the paper gold market is coming to an end soon, as the physical market emerges.  I remain a skeptic, because central banks and their bullion bank agents will whipsaw speculators as long as they continue the illusion of existing physical inventory.  We shall see.

http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-clients-closing-london-gold-vaults/

Monday, June 17, 2013

Platinum market deficit to hit 844,000oz in 2013 - HSBC

In other words, HSBC analysts don't know what is up or down.  Talk about schizophrenically non-committal.  The fundamentals scream bullishness, but since HSBC is a big naked short in the precious metals, they have to paint a bearish picture.  See JPMorgan.

Long story short:  as long as supply deficits continue, platinum prices will rise long-term, even if short-term volatility is technically manipulated by the perma-shorts, who see the same chart patterns as the rest of the traders.  They will trip the resistance and support levels, cleaning out the weak hands.

They correctly indicate that the growth of platinum ETF's are short-term bullish for platinum prices, but as we've found with gold and silver, the ETF's are not 100% backed by physical inventory, and are ultimately paper shorting vehicles for the bullion banks, acting as agents for the Fed, Bank of England, and ECB.  Paper is sold on liquidation, but no physical delivery is taken--unless of course, you're George Soros who owns at least 100,000 shares.  hashtag fractional reserve ponzi scheme

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=194402&sn=Detail

Thursday, November 17, 2011

Gerald Celente - MF Global...What about Gold ETF GLD & HSBC?

The emperor behind the curtain has no clothes.  The level of institutional theft is no longer shrouded  in secrecy.  You know the system is about to collapse when the perps don't even hide their nefarious actions anymore.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/17_Gerald_Celente_-_MF_Global...What_about_Gold_ETF_GLD_%26_HSBC.html

Saturday, April 9, 2011

Bernie Madoff: JPMorgan Doesn't Have A Chance In Hell And HSBC And UBS Are Going To "Have Problems"

This should be interesting:  Bernie Madoff, convicted of running a multi-billion dollar Ponzi scheme, is ratting out JPMorgan, UBS, and HSBC, accusing them of moving hundreds of billions of dollars, presumably dirty money. 

http://www.businessinsider.com/bernie-madoff-jpmorgan-ubs-hsbc-2011-4#ixzz1IsAC