Banks Win Dismissal Of Gold & Silver Spoofing Litigation

Of course they did…

(by Half Dollar) I’m not sure if anybody is surprised by this decision?

If so, here’s the thing: Ending the corrupt manipulation of gold & silver is not something that can be done by writing a letter to the CFTC or some other Federal agency, department or commission, it’s not something that can be done by buying up everybody’s favorite financialized silver product, and it’s certainly not something that can be done in the courts.

There is only one way to end the manipulation of gold & silver: Starve the Beast.

That said, here’s some unsurprising news from last Thursday, from Reuters (bold added for emphasis and commentary):

NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the precious metals futures market by placing trades and then cancelling them before execution, or “spoofing”.

U.S. District Judge Lewis Liman in Manhattan said the June 2019 lawsuit over alleged spoofing in gold, silver, platinum and palladium futures from 2007 to 2014 was filed long after the two-year federal statute of limitations had run out.

Day late and a dollar short, huh?

Of course, if that was not the case, it would have been something else.