As of December 2013, we found absolute proof that the same criminal manipulation is occurring in the gold, silver and currency markets -- if not worse.
Germany officially came after the banking cartel in January 2014 about this collusion:
1/16: Top German Financial Regulator Says Metals and Currency Rigging Worse Than LIBOR
http://www.bloomberg.com/news/2014-0...enig-says.html
Germany's top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.
The allegations about the currency and precious metals markets are "particularly serious because such reference values are based -- unlike Libor and Euribor -- typically on transactions in liquid markets and not on estimates of the banks," Elke Koenig, the president of Bonn-based Bafin, said in a speech in Frankfurt yesterday....
Bafin said this week it is investigating currency trading, joining regulators in the U.K., U.S. and Switzerland, who are examining whether traders at the world's largest banks colluded to manipulate the WM/Reuters rates, used by money managers to determine the value of holdings in different currencies.
At least a dozen firms have been contacted by authorities and more than 13 traders suspended, fired or put on leave in the currency case....
"The financial sector is dependent on the common trust that it is efficient and at the same time, honest. The central benchmark rates seemed to be beyond any doubt, and now there is the allegation they may have been manipulated."