Goldman And JPMorgan Probed Over Metals Warehouse Manipulations

Discussion in 'Markets & Economies' started by House, Jul 26, 2013.

  1. House

    House Well-Known Member Silver Stacker

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    ZH andCommodity cartel
     
    House, Jul 26, 2013
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  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    Lloyd Blankfein is in Canberra at the moment. I'd so love to see him claim refuge from prosecution in some embassy.
     
    JulieW, Jul 26, 2013
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  3. Pirocco

    Pirocco Well-Known Member

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    Weird statement.
    Were banks ever forbidden to buy / sell delivered (I assume that is why the word 'physical' was added?) gold?
    Imagine the Fed forbids them.
    Then what?
    Starting from todays situation, what changes?
     
    Pirocco, Jul 26, 2013
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  4. House

    House Well-Known Member Silver Stacker

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    I believe it relates more to their ownership of commodity warehouses. JP and Goldman have bought huge aluminum warehouses but are now been accused of deliberately manipulating the supply and profiting for doing so.
     
    House, Jul 26, 2013
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  5. PMS

    PMS New Member

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    "What? So you can drone me?!"
    Don't you mean Lloyd Blankcheque? ;)
     
    PMS, Jul 26, 2013
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  6. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Don't get your hopes up, this stuff is not covering precious metals, which bullion banks have operated vaults/warehouse for many years.
     
    bron suchecki, Jul 26, 2013
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