One can only guess that this should blow up - but these days what with all the cronyism who knows.

The FCA was remiss in saying it found a problem & pointing at one trade & one trader then sweeping the rest under the rug.
So to the German BaFin enquiry that led to naught.
And also the US investigation with 7000 hours that produced nothing.

All those who turned a blind eye should be shown up for their cronyism.

These enquiries are as bad as the US political system.

One game for the elites & one for the sheeple being shorn.

And as yet again - the banks rout the system & get a smack over their hands & a tax deductible fine....

It also makes a total mockery of ever small trader & dealer who trades in ignorance expecting an honest market to prevail.
Ever bullion merchant & coin seller who believes that they are selling at market induced prices.

And all the large traders who are being gamed by these clowns....

They should open up the class actions to one & all who trade the metals or who buy & sell physical & have been shorn.....

Also one must wonder (since it was DeutscheBank who supplied the information) who else has seen it, hidden it from view & not acted on it.
Surely the FCA & BaFin has seen this information & squashed it from surfacing till now?

And if DB has been collating this material - who else amongst all the banks has done so as well?

The transcripts are old & yet they have been held close & out of sight for so many years......

Such guilt....

Bombshell Dropped in Federal Court: Proof of a Silver Market "Mafia" Among Big Banks