Canadian class action against gold and silver market rigging continues against other banks

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Canadian class action against gold and silver market rigging continues against other banks by Chris Powell for GATA

Dear Friend of GATA and Gold:

While the law firm superintending the Canadian class-action lawsuit against gold and silver market rigging doesn’t seem interested in communicating to the public about the case, GATA is reliably informed that the settlement agreement with Deutsche Bank reported today —

http://www.gata.org/node/18857

— is not the end of the case.

The lawsuit continues against eight other banks, the London Gold Market Fixing organization, and the London Silver Market Fixing organization, as specified in today’s announcement from the law firm:

https://sotosclassactions.com/wp-content/uploads/2019/02/Gold-and-Silver…

GATA is also reliably informed that as with Deutsche Bank’s settlement of the similar anti-trust lawsuit against it in the United States, the bank has agreed to provide evidence against the other defendants in the Canadian class action. Thus the Canadian lawsuit eventually may recover far more than the C$5.5 million Deutsche Bank has agreed to pay to settle the claims against it in Canada.

Of equal interest here is that as far as GATA can tell, the monetary metals mining industry and the World Gold Council have had nothing to say about these settlements, nor about the several admissions of gold and silver market rigging recently extracted from bullion bank traders by U.S. government agencies.

It seems that most of the monetary metals mining industry is interested only in touting share ownership and the World Gold Council is interested only in ensuring that there never is a world gold council.

That may leave GATA as the only advocate for monetary metals investors and adherents of free and transparent markets, limited and accountable government, and fair dealing among nations. Until the people and organizations with the resources to do this job as it could and should be done actually undertake it, GATA will be grateful for your financial support:

http://www.gata.org/node/16

Even a $5 contribution will be $5 more than GATA has received from Newmont Mining and Barrick Gold.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Chris Powell

The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut. Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold. The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.