Barrick Gold Corp (ABX)

[NYBob]

For Anyone Still Wondering If Gold Prices Are Rigged...
by: Clint Siegner
Money Metals News Service
January 30th, 2018

https://www.moneymetals.com/news/2018/01/30/still-wondering-if-gold-prices-are-rigged-001398


The Commodity Futures Trading Commission levied fines against three
European Banks on Friday for “spoofing” the futures markets, including
COMEX gold.
Six traders were arrested yesterday.

"Spoofing" involves placing buy or sell orders in order to move markets
in a desired direction then canceling the orders before they get
executed.
It is one more tool that HSBC, Deutsche Bank and UBS have been using to
rig markets.

The fines, which range from $1.6 million to $30 million, might otherwise
have been written off as a cost of doing business for these behemoth
banks.

https://www.moneymetals.com/news/2018/01/30/still-wondering-if-gold-prices-are-rigged-001398


God Bless