Tuesday, November 26, 2013

How Gold Price Is Manipulated During The "London Fix"

http://www.zerohedge.com/news/2013-11-25/how-gold-price-manipulated-during-london-fix

"London Gold Market Fixing Ltd., a company controlled by the five banks that administers the benchmark, has no permanent employees. A call from Bloomberg News was referred to Douglas Beadle, 68, a former Rothschild banker, who acts as a consultant to the company from his home in Caterham, a small commuter town 45 minutes south of London by train. Beadle declined to comment on the benchmark-setting process."

No comments: