Gold Fix Study Shows Signs of Decade of Bank Manipulation | Max Keiser

Gold Fix Study Shows Signs of Decade of Bank Manipulation | Max Keiser

The London gold fix, the benchmark used by miners,
jewelers and central banks to value the metal, may have been manipulated
for a decade by the banks setting it, researchers say.

Unusual trading patterns around 3 p.m. in London, when the so-called
afternoon fix is set on a private conference call between five of the
biggest gold dealers, are a sign of collusive behavior and should be
investigated, New York University’s Stern School of Business Professor
Rosa Abrantes-Metz and Albert Metz, a managing director at Moody’s
Investors Service, wrote in a draft research paper.