News Banks Accused Of Manipulating Silver Price

[RummyBoy]

http://www.bloomberg.com/news/2014-0...ipulation.html

Silver been hanging around $20 for last year or so - is this the bottom?
Does manipulation means its a cheaper or more expensive than it should be?

This comes hot on the heels of gold price manipulation:

http://www.reuters.com/article/2014/...A4M06620140523

Amazing what frauds been going down with stocks, commodities, libor, etc etc

[DWB]

No, no, no, that's just what the gold and silver bugs want you to think. There is no fraud or manipulation happening. That would be illegal.

[RummyBoy]

http://www.bbc.com/news/business-28509979

Question is, what does it mean? Does it mean that the price was suppressed all this time? The Silver Fix ends next month (after 117 yrs) - so how is it going to change pricing from next month onwards??

Funny how when the banks get caught, they suddenly pull out...... like a bunch of kiddies caught thieving: "Im not playing anymore!"

[slapass]

I have no idea why we have dropped prison sentences for this stuff. A banker making that kind of money would give a fuck about a fine paid by his bank but he would shit himself when looking at 3 years in prison. Put some folks away and this would stop for a bit.

[_Richard_]

http://www.bloomberg.com/news/2014-0...ipulation.html

Silver been hanging around $20 for last year or so - is this the bottom?
Does manipulation means its a cheaper or more expensive than it should be?

This comes hot on the heels of gold price manipulation:

http://www.reuters.com/article/2014/...A4M06620140523

Amazing what frauds been going down with stocks, commodities, libor, etc etc

'The setting, or ?fix,? of the gold price in London dates back to 1919, originally involving NM Rothschild & Sons, Mocatta & Goldsmid, Samuel Montagu & Co, Pixley & Abell and Sharps & Wilkins. Silver price setting started in 1897.'

just incredible.

[Arnox]

http://en.wikipedia.org/wiki/Silver_Thursday

Silver Thursday was an event that occurred in the United States in the silver commodity markets on Thursday, March 27, 1980. A steep fall in silver prices led to panic on commodity and futures exchanges.

[onwebcam]

Welcome to many years ago.

[RummyBoy]

http://en.wikipedia.org/wiki/Silver_Thursday

Silver Thursday was an event that occurred in the United States in the silver commodity markets on Thursday, March 27, 1980. A steep fall in silver prices led to panic on commodity and futures exchanges.

That's the hunt brothers....... they tried to corner the market.
Silver went to $49

The last time in recent history it went to around $49 was in 2011 (a full 31 years after that the hunt brothers incident). I figure that in todays terms silver should peak a lot higher.