Deutsche Bank Settlement: Seasonal Intraday Charts Provide Evidence for Market Manipulation

Deutsche Bank is a defendant in more than 7,000 lawsuits worldwide. In two of them it has recently agreed to settlements and is prepared to pay tens of millions of US dollars in restitution and fines. This includes the settling of lawsuits over gold and silver price manipulation. Associated court proceedings against other financial institutions are still underway.

Apart from Deutsche Bank, several other banks have been sued in New York over manipulation of precious metals prices as well. Due to a lack of direct evidence, the plaintiffs initially presented statistical evidence. Charts that show average intraday price movements have played an important role in this.

Deutsche Bank Settlement: Seasonal Intraday Charts Provide Evidence for Market Manipulation

Nevertheless, a noticeable price slide still occurs regularly in early New York trading