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<p>[QUOTE="fatima, post: 1480454, member: 22143"]Is price manipulation taking place in the USA commodities markets? Answer: yes according to the UK government, the United States governments. The Bank of England, the United Kingdom's equivalent to the Federal Reserve and which has close ties to all the big western banks of the world has issued this News Release:</p><p><br /></p><p><a href="http://www.bankofengland.co.uk/publications/Pages/news/2012/065.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bankofengland.co.uk/publications/Pages/news/2012/065.aspx" rel="nofollow">http://www.bankofengland.co.uk/publications/Pages/news/2012/065.aspx</a></p><p><br /></p><p><img src="http://www.bankofengland.co.uk/publishingimages/header-publications.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><blockquote><p><i>"Paul Tucker has made a request to attend a hearing with the Treasury Select Committee as soon as possible following the publication of <b>settlement agreements</b> by <b>Barclays</b> with the Financial Services Authority, the <b>US Commodity Futures Trading Commission </b>and The United States Department of Justice in relation to the <b>attempted manipulation</b> of LIBOR and EURIBOR. Mr Tucker is keen to give evidence to the Committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on 29 October 2008."</i></p></blockquote><p><br /></p><p><br /></p><p><br /></p><p>Nobody here has these kinds of resources to investigate price manipulation so it's rather silly to demand that forumers provide it or else it simply doesn't exist. Anyone who understands how the futures market works, the difference between real commodity futures and security futures, what is going on in banking and looking at the pricing vs the economy knows that the market for these types of non-commodity futures is not moving as it should. IMO, the burden of proof is on those who think the futures market <u>doesn't have these issues</u> to come up with a good explanation.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1480454, member: 22143"]Is price manipulation taking place in the USA commodities markets? Answer: yes according to the UK government, the United States governments. The Bank of England, the United Kingdom's equivalent to the Federal Reserve and which has close ties to all the big western banks of the world has issued this News Release: [URL="http://www.bankofengland.co.uk/publications/Pages/news/2012/065.aspx"]http://www.bankofengland.co.uk/publications/Pages/news/2012/065.aspx[/URL] [IMG]http://www.bankofengland.co.uk/publishingimages/header-publications.jpg[/IMG] [indent][i]"Paul Tucker has made a request to attend a hearing with the Treasury Select Committee as soon as possible following the publication of [B]settlement agreements[/B] by [B]Barclays[/B] with the Financial Services Authority, the [B]US Commodity Futures Trading Commission [/B]and The United States Department of Justice in relation to the [B]attempted manipulation[/B] of LIBOR and EURIBOR. Mr Tucker is keen to give evidence to the Committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on 29 October 2008."[/i][/indent] Nobody here has these kinds of resources to investigate price manipulation so it's rather silly to demand that forumers provide it or else it simply doesn't exist. Anyone who understands how the futures market works, the difference between real commodity futures and security futures, what is going on in banking and looking at the pricing vs the economy knows that the market for these types of non-commodity futures is not moving as it should. IMO, the burden of proof is on those who think the futures market [U]doesn't have these issues[/U] to come up with a good explanation.[/QUOTE]
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