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COMEX Option Expiration Price Control
Some of you will question why it's valuable to document the obvious price-rigging by The Banks. The answer? Because remarkably there are still "analysts", many of whom the precious metals community hold in high regard, who claim the pricing mechanism is fair, honest, and free of price manipulation. For this week's post, let's just use two recent examples to make the point. First, there's this latest revelation from the U.S. Department of Justice in their ongoing prosecution of price manipulation schemes in precious metals trading. Here's the full link from Bloomberg: ... (full story)