by Eric Dubin, The News Doctors:
UK lawmakers are considering ways to ratchet-up regulations against manipulation of 7 market benchmarks. While manipulation of LIBOR and the rigging of precious metals markets benchmark rates are already illegal, it’s nevertheless productive to see pressure being brought to bear on parliament.
But here’s the rub. When it comes to precious metals market manipulation, the mainstream has been focused on the London a.m. and p.m. fixes, and making an analogy to the LIBOR fixing scandal. Unfortunately, this has the net result in misdirecting the attention of mainstream investors, journalists, lawmakers and surprisingly, even some pundits within the precious metals community. It’s a “limited hangout.”
Please follow SGT Report on Twitter & help share the message.