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June 2 watch date--What happened?

Jun 03, 2017

June 2 has been on our radar since late March. We understood that it would have financial implications. This is what happened.


Deutsche Bank Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets

After months of “smoking guns” and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets.

The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers. Bloomberg notes that spoofing involves traders placing orders that they never intend to fill, in an attempt to manipulate the price….

Deutsche Bank declined to comment.

We have waited a long time for this market manipulation to end. At last, it appears to be going to court, and the banksters are no longer able to prevent it. If this case is successful, gold and silver may finally find their true price, instead of being suppressed at ridiculously low levels to make the fiat currencies look better.

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Category: Financial
Blog Author: Dr. Stephen Jones