Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store
Commodity-TV

Social Media


Real: Manipulation of gold and silver prices

After Deutsche Bank admitted manipulations and paid fines, things are now similar for Scotiabank. Silver and gold companies, on the other hand, put the facts on the table

Scotiabank traders have manipulated precious metal prices. The bank has admitted this. Scotiabank reacted with a symbolic fine. So it's not about conspiracy theories, it's about reality. Interest or currency markets are also affected again and again. The Scotiabank had to loosen 800,000 US dollars for manipulations on the gold and silver market, the punishment was pronounced by the US Securities and Exchange Commission.

Technically, the manipulation takes place, for example, when traders place orders in the trading system and withdraw them shortly before execution. A non-existent demand directs prices in this way. As the Scotiabank itself reported the manipulations and showed itself willing to cooperate, the punishment was mild.

The procedure was similar recently at Deutsche Bank, or more precisely at Deutsche Bank Securities. Here, however, 30 million US dollars flowed as a fine. Here, too, traders manipulated the prices. These are just two examples of how things are manipulated and then cleaned up with symbolic fines.

Investors do not benefit from the fines, or at least not directly. Namely to the extent that, hopefully, less manipulation will take place in the future. Because supply and demand count without manipulation. Rising gold and silver prices should then delight investors, for example when investing in gold companies such as Nordic Gold or TerraX Minerals.

Nordic Gold - https://www.commodity-tv.net/c/search_adv/?v=298622 - began mining at its Laiva gold mine in Finland at the beginning of August. The mine is fully constructed and approved. Nordic Gold recently received written approval to start operations at the earlier producing mine. And the first gold pouring is to take place on 27 November. An estimated 67,000 ounces of gold are expected to be produced in the first twelve months.

TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=298245 - is still quite far away, but well on the way to advancing its Yellowknife City gold project, located in the Canadian Northwest Territories. To better delineate potential gold mineralization zones, airborne surveys were conducted on the 780 square kilometre property.

Latest company information and press releases from Nordic Gold (https://www.resource-capital.ch/en/companies/nordic-gold-corp.html) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required