by Chris Powell, Gold Seek:
Dear Friend of GATA and Gold:
While the law firm superintending the Canadian class-action lawsuit against gold and silver market rigging doesn’t seem interested in communicating to the public about the case, GATA is reliably informed that the settlement agreement with Deutsche Bank reported today —
— is not the end of the case.
The lawsuit continues against eight other banks, the London Gold Market Fixing organization, and the London Silver Market Fixing organization, as specified in today’s announcement from the law firm:
GATA is also reliably informed that as with Deutsche Bank’s settlement of the similar anti-trust lawsuit against it in the United States, the bank has agreed to provide evidence against the other defendants in the Canadian class action. Thus the Canadian lawsuit eventually may recover far more than the C$5.5 million Deutsche Bank has agreed to pay to settle the claims against it in Canada.
Of equal interest here is that as far as GATA can tell, the monetary metals mining industry and the World Gold Council have had nothing to say about these settlements, nor about the several admissions of gold and silver market rigging recently extracted from bullion bank traders by U.S. government agencies.
It seems that most of the monetary metals mining industry is interested only in touting share ownership and the World Gold Council is interested only in ensuring that there never is a world gold council.