CFTC didn’t know of Deutsche’s market-rigging settlement until asked by GATA

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

gata.org / Chris Powell / Sat, 2016-04-23 16:14

ear Friend of GATA and Gold:

While it may be hard to believe, it seems that the U.S. Commodity Futures Trading Commission was unaware of Deutsche Bank’s agreement to settle a class-action lawsuit accusing it of manipulating the gold and silver markets until GATA repeatedly sought to bring the matter to the commission’s attention over the last week.

The news of the settlement agreement broke with Reuters and Bloomberg News reports on Wednesday and Thursday, April 13 and 14:

http://www.gata.org/node/16375

http://www.gata.org/node/16380

The reports said that Deutsche Bank had agreed in principle not only to pay financial damages to the plaintiffs but also to provide evidence against the other defendants in the suit.

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Thanks to BrotherJohnF