GOLDBUGS AMEX Goldbugs Index (GOLD)

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It should prove very illuminating for us all now that Deutsche Bank (DB) is being investigated for PM market-rigging by the German financial regulator.

Apart from it being significant that DB has withdrawn from the twice daily 'fix,'at the LBMA, the head of regulator BaFin has said publicly that commodity price-rigging,including that of PMs,is a bigger area of crime than Libor -rigging.

Given the huge anti-US feeling in Germany over the Bundesbank's 7-year gold repatriation farce, and Merkel having had her cell-phone tapped by the NSA for 10 years, it seems likely to me that DB will not face the rap on its own but will probably take possible fellow-riggers, like Scotia-Mocatta and Barclays, down with them.

Beans will be spilled by DB, I feel sure.