The TF Metals Report's Craig Hemke, writing at Sprott Money, comments today on the U.S. Commodity Futures Trading Commission's nominal fine of $800,000 imposed on the Bank of Nova Scotia for manipulating the monetary metals futures markets.
Hemke scorns "the parade of supposed 'analysts' who claim that the Comex precious metals markets are legitimate, fair, and completely free of price manipulation. Given the abundance of evidence to the contrary -- as well as the fines and the convictions -- you'd think some of these characters would backtrack and admit their biases and motivations. Unfortunately, no such admissions will be forthcoming. Again, too many individuals and institutions have vested interests in maintaining the charade of the current system."
Hemke's commentary is headlined "Another Failed Effort at Regulation" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/another-fail...gulation.htm...
