~*~Mining and Metals Du Jour~*~

[ConferredDiligence]

Merrill Lynch Caught Criminally Manipulating Precious Metals Market "Thousands Of Times" Over 6 Years

https://www.zerohedge.com/news/2019-06-25/merrill-lynch-caught-criminally-manipulating-precious-metals-market-thousands-times

Some great comments:

"Two indictments? Looks like Merrill Lynch got away with a slap on the wrist...just like Wall Street under Obama...when is this clown going to MAGA again?"

"So, fiat money was embarrassed at almost $2,000/oz of gold by printing up trillions in QE paper money. Anybody even remember anymore the Bushco slobs eliminating the M3 money supply figures... anybody... Bueller.... anybody?"

"Meh - $25M fine is a minor cost of doing business. Prolly less than expense reimbursements for Limos, Hookers, and Blow over the period in question. Two sacrificial lambs - prolly the dummies boasting on the chat board about fleecing muppets who got them busted.

Claw back any bonuses? Nope."

"The price of doing business has always been what banks can afford to keep paying as long as it's not too much." So sayeth the SEC and US gov. forevermore."