Showing posts with label benchmarks. Show all posts
Showing posts with label benchmarks. Show all posts

Wednesday, November 12, 2014

Clear attempt to manipulate precious metals benchmarks at UBS: FINMA

Reuters is normally the lapdog of the financial elite, but it had to report another case of market manipulation, in this case, precious metals.  Barclays, Deutsche Bank and now UBS are the most recent culprits.  Absent are their US bullion bank counterparts.  Surely, no shenanigans occur in US markets.

http://www.reuters.com/article/2014/11/12/us-banks-forex-settlement-gold-idUSKCN0IW12Q20141112

Tuesday, June 11, 2013

Dealers rigged forex spot benchmarks

We now know the global "too big to fail" banks manipulate the LIBOR.  They "intervene" in propping up equities and the US Treasury bond market, with the help of the Fed's QE.  The manipulation in the energy markets was exposed.  Now, we find they manipulate the foreign currency markets.  Gee, no way they could manipulate precious metals prices, right?

http://www.marketwatch.com/story/dealers-rigged-forex-spot-benchmarks-report-2013-06-11