This page has been archived and commenting is disabled.
Gold Fix Manipulation Crackdown: Deutsche Officially Resigns London Fix Seat
Three months ago, we discussed the increasingly close eye that regulators were keeping on Deutsche Bank (and in fact many other precious metal fix providers) as manipulation concerns shifted from conspiracy theory to conspiracy fact. At the time, Deutsche - among other banks - had suggested it would relinquish its role on the London Fixing committee and was actively marketing its seat to other LBMA members - it failed to find a willing buyer; the WSJ now confirms...
- DEUTSCHE BANK SAID TO BE UNABLE TO FIND BUYER FOR GOLD SEAT
- DEUTSCHE BANK RESIGNS SEAT ON GOLD, SILVER FIX, GIVES TWO WEEKS NOTICE - SOURCE
This is hardly surprising given previous comments that possible manipulation of precious metals "is worse than the Libor-rigging scandal." but it does leave us wondering who is left to do the manipulating? It seems no one wants to be part of the fixing process (critical for so many derivatives contracts) unless they are allowed to manipulate it to their own needs.
As a reminder, Deutsche is one of five banks involved in the twice-daily gold fix for global price setting.
As Bloomberg reports,
“Deutsche Bank is resigning its position on the gold and silver benchmark setting process,” it says in e-mailed statement today.
Says remains fully committed to precious metals business
So if everyone exits the London fixing market, what happens then?
"It wouldn't surprise me if the other banks were looking at pulling out as well. Why would they want the aggravation?" said the source, who declined to be named.
"The more worrying point is that, if you don't have the fixing, what do you have? There's a lot of contractual business done on the gold fix, and if you've got no basis for where the price is, someone is going to lose out."
Well considering that the fixing process over the years was manipulation pure and simple, those who will lose out are the... manipulators? it would seem rather logical. And speaking of manipulation, if indeed Germany is so keen on breaking the manipulators' back, perhaps it can demand that the pace of its gold returns from the NY Fed and Paris accelerates. It may be surprised at what it finds.
- 18222 reads
- Printer-friendly version
- Send to friend
- advertisements -


As if they did not already have another plan well in hand.
Germany should invade the USSA to get itz gold back...
Putin, PLEASE, PLEASE invade London and save us from these bankster criminals <g>
marc faber is taking the douches seat.
Avalanches begin as a snowflake.
Q: Does the probability of manipulation (a) go down, or (b) go up when the number of entities fixing the price of gold drops from 5 to 4? What about when it drops from 4 to 3? From 2 to 1?
These gold price 'manipulation' conspiracy theories are quite amusing. The idea that a market as large as this could be manipulated for years without any regulator noticing and without any reputable institution filing a lawsuit is nothing short of absurd. My experience with goldbugs is that they tend to be appallingly bad traders and prefer to blame their losses on others rather than take responsibility for their own poor judgment.
When a gang of sweating German bankers burst out of the LBMA on the run, we must be close.
MDB, either stupid or deliriously ignorant. Ever hear of BAFIN??? Said PM manipulation WORSE than LIBOR? Stay in your shell, warm and comfy in there(until its not)
I mentioned this specifically in yesterday's story on D.B. regarding Jim Willie's excellent inside info on the collapse of D.B. from last summer. Will post again here in case anyone is interested in the article links or the youtube interviews.
***********************
Ummmmm....The Golden Jackass has been talking about Deutsche Bank crumbling since last summer. Their top level execs been under heavy Interpol investigative pressure and they've had to withdraw from the London gold fixing scheme. Jim says D.B. nightly has to scramble all night long to ensure they don't totally implode and can survive another day.
Jim Willie: If Deutsche Bank Goes Under It Will be Lehman Times Five!
http://www.silverdoctors.com/jim-willie-if-deutsche-bank-goes-under-it-will-be-lehman-times-five/
44 minute youtube interview with The Doc about it from July 2013: https://www.youtube.com/watch?v=OvnW-daLwWc
He predicts D.B. will be broken up in to 5 smaller parts:
Jim Willie Reveals the SMOKING GUN On US Gold Rehypothecation!
http://www.silverdoctors.com/jim-willie-2/
49 minute youtube interview with The Doc from Feb. 2014: https://www.youtube.com/embed/K5Om7PC8LQY
Be kind to MDB, he is designed as a foil. He collects down arrows as a matter of pride. His 180 degree comments are actually quite well thought out to keep us on our toes whether he is truly that ignorant, a paid troll or a very astute foil.
I admire the subtlety he puts into his infrequent comments unlike Fonestar who receives CIA $ to plump up BitCoin.
Luckily everyone saw through Foneystar's pump, he was called out, and very few ZHers lost their ass on BTC.
http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-introduction.html
Bitcoin is dead! /sarc lol
Fonestar blew himself up. W-a-a-a-y too obvious.
When I bought BTC at 30$ each..people said it was stupid. When I sold at 900..and bought some silver..it made my day. I just picked up some more at 430.
Maybe I should buy more than one this time?
The boating accidents in my lake have displaced all the water, need a new lake.
RIPS
Thanks MDB,
We do enjoy your snark trolling.
Now get back to polishing Obama's knob.
The Next NEW GOLD Fixing Scam Is Already Well In Place...
You mean there's something left in London they can fix?
It is said that history doesn’t repeat itself, but in the case of silver, I don’t see how that can be avoided. In more ways than not, silver today reminds me of the time when it traded under $5 per ounce.
As was the case back then, the thought that it might eventually climb more than ten times in value was widely disbelieved and openly scoffed at. That’s because silver was the most undervalued asset in the world, both then and now. If you didn’t catch the first run, you’ve just been given a second chance.
And it is also interesting that silver is registering as the most undervalued investment asset precisely at the same time when there is more total investment net worth and buying power in the world than ever before. The assets in hedge funds alone are now at a record $2.7 trillion; 1 percent of which ($27 billion) is more than the value of all the silver bullion in the world (if it could be bought).
The 100 million oz of new silver available for investment annually would take only one-tenth of one percent ($2.7 billion) of hedge fund assets. Unless hedge funds have stopped looking for undervalued assets, I can’t help but feel that’s a set up akin to a lit match and a barrel of dynamite.
Read more here: http://www.silverdoctors.com/ted-butler-silver-is-akin-to-a-lit-match-a-barrel-of-dynamite/
Like with Roosevektvrevaluing gold in the 30s, or the London Gold Pool in the 60s, these suppressed merrily go along, right up until the day they don't.
Betcha the PBOC would gladly take the seat!
They are shifting operations to make them more transparent, or is that invisible? Even as the fixing cartel disintegrates, the gold price is being fixed right now more effectively than ever. For now.
The fact that every guy is on a phone, doesn't that indicate that the 'deciders' are on the other end of the line, not sitting physically in the 'Gold Fixing' room? Too 'heatbag'.
so there are 5 rothschilds bankers in that room?
BBC Rerun.....Jim'll Fix It...
"Dear Jim, can you fix it for me to join the London gold manipulators for one afternoon in NM Rothschild's offices at St Swithin's Lane office?"
Bewildered BBC Exec Producer: "WTF? How did this programme get on the air now. Shut it down now, Pull it, or the Bank will have my head, and while you're at it, can someone burn all those Saville reels out the back."
I'll have the extra cheeze with anchovies and olives. Hold the onions.
@Latina Lover,
It would only take about 50 Billion dollars to buy up all the remaining physical silver in the vaults. Russia and/or China separately or together could wipe out the physical market and the COMEX in a heartbeat.
The crash would send phyzz silver prices and gold along with it soaring to massive record highs in subsequently crashing dollars and other fiat currency valuations.
It would wipe everyone else out. It's all they would need to do. The final push over the cliff and the great monetary reset would lurch into action.
I think they are waiting for Yellowstone to blow. What better time to crush your enemy than when he is down on the ground bleeding?
http://translate.google.com/translate?hl=en&sl=af&tl=en&u=http%3A%2F%2Fpraag.co.za%2F%3Fp%3D23549
Nowhere to raid is the problem.
Why invade the USSA, there is no gold to seize, only short gold futures contracts are left.
What gold?
Uhmmm... In case you didn't know .. that gold has been gone long ago. Why do you think it's taking so long to give it back?
i forgot the /s for you...
I hear Blythe finally found a job.
Gold fix manipulation.....redundancy much?
Agree. Part of me thinks that the motive is to provide public PR that there is no "fixing", which would then stop the inquiries into price smashes. Bankers lie. This is another lie for sure.
They like to hide things 'in the open'. Hence: The London Gold Price Fix. Any one suggesting they actually *gulp* FIX the price is obviously a conspiracy theorist... I prefer the term Skeptical Critic, to Conspiracy Theorist, personally.
.
if you don't have the fixing, what do you have?
how about a fair and honest price discovery?
these guys make me laugh. do they really think that resigning from the fix now will exonerate them for their previous fraud? perhaps they are just looking to minimize the exposure. too little too late.
As a matter of fact...... it will. Our collective memory is rather short. It wasn't too long ago that this was in the news, but for most, its rarely even mentioned.
It starts here. Anyone who came after were meant to be the fall guys.
http://www.telegraph.co.uk/finance/markets/2883029/Rothschild-to-pull-ou...
http://news.bbc.co.uk/2/hi/business/3628971.stm
The Rothschilds got out 10 years ago, sure, but the manipulation has been going on since the 1980s when Terry Smeeton at the Bank of England manipulated the gold fixing price via the Rothschilds Chair (under the watchful eye of Oliver Page). In an ideal world the Rothschilds can't just think that because they got out 10 years ago, that they are scot free. But the Bank of England as the chief manipulator on behalf of the BIS will never let any investigation get near them or get near NM Rothschild.
The BIS, The BOE, The Fed, who do you think is behind them, hmmm???
Chief manipulator, BOE? Yeah sure, but on whose behalf?
Wall St., City of London, Frankfurt. They are all one, financially speaking.
Agreed. My only point is that who ever was left, was meant to be holding the bag. D-Bank will not be the last. Interestingly, someone further up in the comments asked if fewer participants equals more or less manipulation. I guess we will see. But like the final participants in musical chairs, fighting for that last seat, I'd imagine it will be a bit more intense. But I'm no expert.
We as a society will only remember the last remaining players when (and if) the game comes to an end.
Or to ask the real question:
~"So if everyone exits the London fixing market, what happens then?"~
Answer: Gold @ $3000 no bid.
Remember, it's only paper that they are offering in exchange.
Another gold scandal...
Another year of gold manipulation..
How many more months until 2015?
Zerohedge should create a spin-off called leprechaun-hedge.com :
“On a long enough rainbow the gold rate for everyone rise to infinity”
While climbing to the top of mount Dharma, every morning while the sun rise and the clouds disappear in the valley, I can see the frightful show of millions of men and women prosternated and worshipping a giant Uncle Scrooge gold statue…
How many sons killed their fathers for their gold ? How many brothers killed their sisters for their gold ? How many cities were burned down for their gold ? How many Incas were beheaded for their gold ? How many teeth were snatched from freshly gassed hot bodies for their gold ??
Since the beginning of the human misery, this blood tainted barbarous relic has played a central role in our downfall.
Now all those multiple nuggets of doom are smelted together and stored or worn by the conspicuous sheeps to show their true allegiance to their voracious go(l)d.
I assume some of you found their gold during a fishing trip, probably lost by someone else during some boat accident !!
When you get back in your bunker-basement look at yourself in the mirror while holding the gold ,its shinny light and dark power will make you feel almighty to do everything your inner self crave for!!
Whether it’s keeping it until the apocalypse or use it to buy guns,hookers or skyscrapers in the desert when it’s price fiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiinally skyrocket.
But one day, take your remaining gold and watch yourself in the mirror , your image will be deformed and you will see an old grey little man with big dark eyes whispering “My precious” !!
Instead of gold you will have in your hand a beating heart pumping the blood and tears of the countless souls that were exploited and enslaved to please the vanity of their abhorred ephemeral overlords !
One metal to rule them all, One metal to find them,
One metal to bring them all and in the darkness bind them !!
holy fuck... PCP is helluva drug.
How did he know I was using my stash to buy hookers for future me? Wierd.
You can tell a real high class hooker if she only takes gold.
Gold does look a poor choice. Until compared to fractional reserve banking, with fiat currency, and usury!
Dumbass, remove gold and insert 'money' and every statement is exactly the same
Forget it......he's rolling.
https://www.youtube.com/watch?v=ToWcEqQhnIU
holy fuck... PCP is helluva drug.
USD is far worse .
One metal to rule them all, One metal to find them,
One metal to bring them all and in the darkness bind them !!
That was Black Sabbath: Volume 4 for me. Goddamn record hit me like a hammer when I was 13.
snowblind
WTF?
LOL...nervous?
Cleanup on aisle 5.
Dude, seriously, you're a mess ... put the crack pipe down before you do any more damage.
People dont buy gold so they can jack off to it in their bomb shelters. They buy it because literally every currency ever created has been weakened to the point of nothing when the government gets in debt. Look at debt in Japan, PIIGS, or America and tell me theres not a =t least a small chance of it happening.
Even if I was in my bathroom wanking off to gold, at least Ill be able to clean myself off with toilet paper when Im done. Have fun wiping your ass with $100 FRN
"People dont buy gold so they can jack off to it in their bomb shelters."
Speak for yourself.
There are "alternatives!"
Im practicing right now
You must be the retarded one in the family...Shorts are so obvious.
Wow - what a moron!
Replace gold in your rantings above with a currency and it's all the same - it's about greed.
Most gold investors buy gold to maintain the value of their wealth from those that destroy currencies for their own greedy purposes. Since wealth is the sum of our work/labor - (we are paid for work/labor in currencies) so those that destroy currency values in effect steal our work/labor. That should be a sin - if it wasn't gubermint doing the stealing then it would be a punishable offense.
Hey Dorelei
I gave you the thumbs up.
That is, quite possibly, the funniest thing I have ever read on ZH.
That's not you is it MDB?
No I'm not an MDB resurection ....
I guess it was like cleaning the Augean stables by reorienting some metaphorical data streams…
All those golums, NWO beliebers, BTFD parrots and genetically internet modificated clones created on the island of doctor Tyler are creating an incredible quantity of datashit …
Being early is only being wrong when you buy options. Otherwise, "he who panics first, panics best".
I upvoted for the larfs
Dorelei,
You may have taken it a wee too far, but keep up the rant practice. I, myself have held the shiny while waxing the oscar with my other hand... and it did feel quite better than usual. There are some here that fit (or have fit) the description quite well (myself included). There are ZH'rs here who are parasites, and ZH'rs who are hosts, but most of the real outstanding chiggers, ticks, and mites do not frequent this site, for they are busy consolidating their fiat gains and strengthening their fiat souls.
Some time back, notveryamused posted a good take...
NotveryamusedZH'ers still don't seem to get that gold is a central bankers best friend. It's the basis of their whole dirty scam.
Imagine we were on a full gold standard again now.
As soon as you/business has a significant excess or you want to do long distance transactions/payments/trading then you will need to trust a bank/organisation with your gold. As people are greedy, these banks/organisations ALWAYS issue more 'certificates of deposits'/notes than there is gold to back it up. When they get caught they just revalue your notes & continue as before... Until they get caught again, at which point they switch to pure fiat & steal as much wealth from the public as possible, then just before the fiat system collapses they buy/confiscate as much gold as they can and leave Joe Public holding fiat. Then they re-introduce a gold standard and profit again. Then on this new gold standard if you or a business has a significant excess or you want to do long distance transactions/payments/trading then you will need to trust a bank, middleman with your gold and the whole putrid gold cycle repeats itself.
People keep saying fiat has failed for 5000 years but really gold keeps failing as the bankers are able to use a rinse and repeat formula above to coninually steal wealth from the public.
Crypto has the potential to suceed where gold fails. You don't have to trust banks/organisations 'certificates of deposit' as all entries are publicly viewable in a ledger that is verified by thousands of people across the world. It is this massive decentralised public auditing system that can beat the 5000 year old gold cycle scam.
Though I hold gold, I know it's just a get rich scheme for that moment when fiat fails at which point I can profit like a dirty banker at the expense of fiat holders.
Gold is a get rich quick scheme? And here I thought that was cronyism, political lobbying, warmongering, no-bid contracts from your friends in gov't, HFT, banks using mega-leverage, the Fed distributing money to friends at will...
Herd... why yes... the 'perception' and 'desire' of some is that it is a get rich quick scheme.
In the future, I'd appreciate if you didn't shout out about the no-bid contracts anymore... the nerve!
The real Golum says, "On the other hand, if you're the proprietor of a paper AU market making facility, the paper version is really 'precious'."
God forbid we have a free market with natural price discovery for gold.
Im guessing the Fed would just fix the price if the banks didnt. Finally set it at 0, what theyve wanted all along
actual price discovery here we come!!
Not as a result of this, although it's possibly a step along the way.
The LBMA Fix is only a small part of the scheme.
Angela Merkel: Hallo. Zis is Angela unt I am callink about zee golt promised us for return. We haf only received 5 tons and are avaiting...hallo...
Liebe Angela, Gold nicht available, Zurük later...like next century
LIBOR manipulation ???? What the hell is that ??? Anybody prosecuted/go to jail ? I'll bet 1/1000 people even know a single thing about it.
Gold fix manipulation ??? HA ! Another non-indictable offense.
Blah blah blah. Nothing changes, No consequences anymore. No laws for those who can pay their way out of it.
Please pass the nailgun to the next contestant.
DEATH TO THE MONEYCHANGERS...
With Deutsche Banks' existing gargantuan derivative position that Tyler commented on yesterday, it would be interesting if the unraveling of the Gold & Silver manipulation is the spark that will set off the derivative bonfire? But then backing out of the 'fixing' wouldn't make sense,, unless it was a play by Deutsche trying to recover Germany's long lost Gold. To many angles to many lies. Let's just see what happens..
To many angles to many lies. Let's just see what happens..
That is all we are left with at this point.
Excellent post, Al.
Hey Germany, when fraud is the status quo, possession is the law.
Everyone is looking at the wrong crime scene. The fix is just the symptom. The crime scene is the Comex.
Billy Ray Valentine can do it.
Looking good Billy Ray!
Feeling good Lewis!
If it was remotely possible to continue, they would. I doubt it is a legal thing. It is supply, logistics, and accounting.
You mean, they crashed MS Excel? The horror!
This is my sense as well. We know they want (and may still) to continue manipulating, but they can't do it through this mechanism anymore. I can think of more than a few reasons behind this:
- The market was comprised of all western banks that were on the same page. It now appears that both China and Russia are players, and they're not on the same page, so the west takes it ball and goes home so to speak.
- The western CBs/BBs have all been in on it, but they've been lying to each other, and now trust in the fraud itself has been lost. CBs loaned to BBs thinking they'd get the gold back, Germany stores in the US thinking the same, and now it's not happening. Who's going to stuff more gold into the system to control prices when your co-conspirators are stealing from you?
- They've been playing the same game so long with rehypothecation upon rehypothecation TPTB themselves do not actually know who owns what beyond the limited physical sitting on the shelves (possession being 9/10th of the fraud.) and are increasingly worried that they won't be able to control it if things destabilize unless they reform the gold banking system and start fresh.
Finally, and probably the least likely, though possible:
- the fraud is starting to unwind and people with something to lose are getting the hell out.
Gives my idea more credibility that Germany is joining the ABF (Anti Bolshevik Federation) and its gold-backed currency.
Seems to me someone is running out of bullets, Yellen Be Yellen right about now.
"Why would they want the aggravation?" Oh, I don't know, maybe because they are fixing the friggin gold market. What a clown.
"Why would they want the aggravation?" Oh, I don't know, maybe because they are fixing the friggin gold market. What a clown.
So I go through all these comments and still have to ask......WHO THE FUCK IS GOING TO STATE THE PRICES IF THESE PEOPLE BAIL OUT?
I love the idea of NO MANIPULATION but it was a system. There will have to be a SYSTEM to replace this. Any comments on what this would be or what it would look like?
http://glennhenson.files.wordpress.com/2011/04/image001-obama.jpg
I'll state the prices for you. What does it matter who states the price if it is a price that's freely traded in an open market. Just look at what the price is on an exchange that trades gold. It should reflect what people are willing to buy or sell for. Ever been to a livestock or car auction with no reserve? Does someone have to state a price besides the people who are bidding for the item?
wait, you need a central person to state prices? How do you manage stocks with all those tickers & exchanges, brokers & dealers?
They don't have a fixing. Do the same thing.
If you've got no basis for where the price basis is, then somebody is going to lose out?
Welcome to fucking capitalism and the free markets asshole.
Will the price be set in the same manner as other commodities? Hey, I'm all for capitalism, and I want to see my stash grow, I'm just trying to understand who will be the town crier for the prices.
Leaving a vacuum is never a good thing.
The market should determine the price, not a few bankers in a smoke filled room who set the basis then it goes from there. And when I say markets, I mean actual markets. Not a bunch of naked contracts that have been re-hypthicated more times than people can imagine so nobody has any idea who has the real claim to the underlying commodity.
could be that the soverighns will reset the price (freegold) based on the amount of printed asswipe (fiat) and collective debt........could be that this was decided by the deciders after the 2008 crash and death of the dollar........russia/ukraine is just cover for a change in global monetary affairs.....
bankers will not take responsibilty for the death of fiat......anytime in recent history that a change in global monetary affairs happened, a constitional crisis or World war was used as cover........thats just how these asholes roll...NOTHING IS AS IT SEEMS..
+1000!!
This looks like a serious game of Russian Roulette.
When the large banks fix
the price of gold while the
central banks are widely today
thought lacking holding much of
it at all, that's the mirror image of
these purported things:
http://www.aflcio.org/Blog/Corporate-Greed/The-Biggest-Beneficiary-of-Fo...
http://truth-out.org/news/item/20362-everyday-low-wages-at-walmart-broug...
Includes (purportedly) to complete
a remarkable picture (employees receiving
food stamps checkering for people buying
with food stamps:)
http://pages.citebite.com/q3e1q7m7j6eac
Namely, it's self important frauds and
privatizers on the one hand,
and slaves on the other.
No one's portrayal of banking
corruption can possibly be
complete absent this.
http://www.zerohedge.com/news/2014-04-28/guest-post-suspicious-deaths-ba...
What manipulation? It's an open fixing.
edit: down-arrows from the muppets who don't know how the fixing works.
Is it another group of clowns trying to wash their hands clean 'AFTER' the fact?
Maybe they have no more gold to fix..it all went to the East..
There is HFT algo app for that.
That's why no one wants the vacant seat.
If they resign, does that mean they can't be prosecuted after the fact?
Or does that just mean they are gonna move on to something else they can manipulate?
This is what you get googling Deutsche Bank in Google News (first page):
Deutsche Bank Profit Beats Estimates on Trading Revenue
Deutsche Bank AG (DBK), Europe's largest investment bank, reported profit that fell less than analysts estimated after trading revenue beat ...
Deutsche Bank prepares to raise equity to plug capital gap
Deutsche Bank Returns to Profit as Legal Costs Ease
Deutsche Bank 1Q Pretax Profit Tumbles
UPDATE 3-Deutsche Bank opens door to new capital increase
Deutsche Bank Hit by Fixed-Income Slowdown
Low interest rates and sluggish client activity in key investment banking products are denting Deutsche Bank's efforts to boost capital by ...
Deutsche Bank's Foreign-Exchange Chief Rodgers to Retire
Deutsche Bank AG's global head of foreign exchange, Kevin Rodgers, will retire after 15 years at the firm to focus on scholarly interests as ...
Deutsche Bank to Issue Additional Tier 1 Capital
The transaction will be the first step in an overall issuance of €5 billion by the end of 2015 and will lift the bank's leverage ratio, a measure of ...
Deutsche Bank AG is in the spotlight Tuesday after reporting net profit of €1.08 billion ($1.39 billion) in the first quarter. Although this compares ...
Deutsche Bank still waiting for a turnaround
Deutsche Bank announced Tuesday its net profit dropped by no less than 34 percent in the first three months of the year as slower trading of ...
Deutsche Bank Q1 pretax profit tumbles as trading weighs
FRANKFURT (Reuters) - Deutsche Bank's pretax profit fell by nearly a third in the first quarter to 1.68 billion euros ($2.33 billion) as an ...
Deutsche Bank Profit Seen Falling on Trading Revenue Drop
Deutsche Bank AG (DBK), Europe's largest investment bank by revenue, will probably say first-quarter profit fell 39 percent as earnings from ...
Slower trading of debt, foreign exchange reduce revenues, earnings ...
FRANKFURT - Deutsche Bank AG says net profit fell 34 per cent in the first quarter as slower trading of bonds and foreign exchange weighed ...
German Stocks Rise Second Day on Deutsche Bank, Infineon
German stocks advanced for a second day as companies from Deutsche Bank AG to Infineon Technologies AG reported earnings that beat ...
Hmmm... kinda bad news, no? That's why stocks are up only 2.4%?
Fucking joke
Oh yeah and Kevin Rodgers wants to go in academics and play more music....
I don't even know what to say to that.
AAAARRRRGGHGHHHHH!!!
try google Deutsche Bank Lawsuit
The show... MUST GO ON!
Why is gold centrally planned in the first place? Do we also have people setting the price of Fruit Loops every day? Do we have shoe production quotas?
So ths must mean that in future, all 5 seats will be occupied by by the dogs and cats of Fed directors.
To everyone at Douche Bank...
"Open up the window, check out the view, and Jump You Fuckers...."
http://www.youtube.com/watch?v=yge311sFhC8
In 1934 dollars gold today is at $14.78 per ounce.
http://www.financeandeconomics.org/fmq-update-and-valuing-gold/
That was a close call!
Now all ze manniperlation iz overs we can buy bitco1nz & treasuries.