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Sell gold | U.S. suits hobble Deutsche Bank's bid to sell gold fix seat | Gold Anti ...

Sell gold | U.S. suits hobble Deutsche Bank&#39;s bid to <b>sell gold</b> fix seat | Gold Anti <b>...</b>


U.S. suits hobble Deutsche Bank&#39;s bid to <b>sell gold</b> fix seat | Gold Anti <b>...</b>

Posted: 25 Apr 2014 08:40 AM PDT

By Clara Denina and Jan Harvey
Reuters
Friday, April 25, 2014

LONDON -- Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said.

Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate the gold price.

At the time the initial suits were filed, Societe Generale called the claims "unsubstantiated" and Deutsche Bank described them as "without merit." ...

... For the full story:

http://www.reuters.com/article/2014/04/25/gold-fix-seat-sale-idUSL6N0N62...



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Posted: 27 Apr 2014 11:15 PM PDT

Disclaimer : MCXControl.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. This may involves high risk, and is not suitable for all investors. Before deciding to trade commodities or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. MCXControl.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All charts, indexes and live prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore MCXControl.com doesn't bear any responsibility for any trading losses you might incur as a result of using this data.Read More...

Lawsuits hobble Deutsche Bank&#39;s bid to <b>Sell Gold</b> Fix Seat <b>...</b>

Posted: 26 Apr 2014 11:44 AM PDT

Deutsche-bank-ffm001
* Deutsche negotiating sale of fixing seat since January

* U.S. investors, traders have filed 17 suits against fixers

* Increased scrutiny could complicate fixing process

Submitted by cpowell GATA on Fri, 25 Apr 2014

By Clara Denina and Jan Harvey
Reuters Friday, April 25, 2014

LONDON — Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said.

Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate the gold price.

At the time the initial suits were filed, Societe Generale called the claims "unsubstantiated" and Deutsche Bank described them as "without merit." …

For the full story: http://www.reuters.com/article/2014/04/25/gold-fix-seat-sale-idUSL6N0N62J620140425

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SELL SELL <b>SELL GOLD</b> @ 28970 TGT 28820-28620 SL CONT <b>...</b>

Posted: 27 Apr 2014 09:42 PM PDT

Disclaimer : MCXControl.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. This may involves high risk, and is not suitable for all investors. Before deciding to trade commodities or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. MCXControl.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All charts, indexes and live prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore MCXControl.com doesn't bear any responsibility for any trading losses you might incur as a result of using this data.Read More...

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