Click here for more information about the certification process generally. The full extent of the investments that are covered by this action will be determined by the court at the time of certification. You should keep your records of any purchases of Silver Market Instrument until the end of this lawsuit.
At the appropriate time, if there is a successful resolution of the case, you may be required to prove your purchases in order to obtain compensation. If the court certifies the action as a class proceeding, notices will be published in the national media and on the internet to all prospective class members. It is not possible to determine at this stage what losses may be recovered through this lawsuit.
If the case is certified by the court, the court will determine what issues will go to trial, what Silver Market Instruments may be covered by the action, and whether or not damages can be assessed at trial on a global basis or on an individualized basis.
The amount of damages sought in the Notice of Action is preliminary only. It can be adjusted upward or downward as the case moves forward and as further details become available. Complex cases such as this one can be expected to take several years before there is a resolution. Shares in silver mining corporations are not included in the proposed definition of Silver Market Instruments.
No, the action is limited to transactions that occurred while the purchaser or seller was in Canada. Your purchases will only be included if you were in Canada when you bought or sold a Silver Market Instrument. The scope of the transactions that will be covered by the class action will be determined by the court at the time of certification.
Until then, you should preserve your purchase records. Based on publicly available information, Deutsche Bank has agreed to make a payment to the plaintiffs and to provide information and cooperation in respect of the U. Further details of the settlement have not yet been made public.
Settlements do not involve an admission of guilt by a defendant. No, the action is being brought on a contingent fee basis by the lawyers for the plaintiffs. This means that the lawyers for the plaintiff have agreed that they will only be paid from the money collected from the defendants in the Class Action.
The Court will decide how much money the lawyers for the plaintiff are paid. Please e-mail your question to silverclassaction sotosllp.
We will review your question and, if appropriate, revise this list of FAQs. Please consult this website from time to time for updates about the class action. Falcon Gold. Sterling Metals. Empress Royalty. Thunderstruck Resources. Arizona Silver Exploration. Laurion Mineral Exploration. Camino Minerals. Equity Metals. Fireweed Zinc. Lahontan Gold Group.
CMC Metals. Silver Hammer Mining. TDG Gold. Canada Silver Cobalt Works. Peruvian Metals. Scottie Resources. Gold79 Mines. Silver Dollar Resources. We have limited the number of investor kits you can request to Include me in the Accredited Investor email list Some investment opportunities are limited to accredited investors.
Whether you are an accredited investor or not depends on where you live and other criteria. Log in to Reply. Leave a Reply Cancel reply You must be logged in to post a comment. So, although we could see increased volatility in the near future, fundamental factors should triumph in the long run.
But such short run wild fluctuations or even aberrations and coordinated market plays are something different than long-term manipulation. The short-lived character of the Reddit-driven rally in the silver market confirms the view that — contrary to the popular narrative — there is no systematic suppression of the silver prices and gold prices — remember that the gold market is much larger than the silver market. The bottom line is that despite the many variations of the theory of manipulation in the silver market, their supporters hardly offer any proof.
Just as with other asset classes, there are both bull markets, when the price of silver goes up, as well as bear markets, when the price goes down. Bear markets do not imply that there is deliberate suppression of the price of silver.
Indeed, fundamental factors, such as the U. We encourage you to learn more about silver — not only whether it is manipulated, but also how to successfully use silver as an investment and how to profitably trade it. Sign up now. The Commodity Exchange Inc. Comex is an American commodity exchange where buyers and sellers electronically meet to invest in precious metals.
Gold market manipulation, called also gold price manipulation, can be defined broadly as a purposeful effort to control gold prices. This sort of manipulation exists in financial markets as traders try to influence the markets in this case, the gold market.
It may be responsible for some short-term aberrations in asset prices, including the price of gold. Securities and Exchange Commission, manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security… [This includes] rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security.
A popular belief within the gold investing community is that gold prices are manipulated, generally downwards, in what is described as price suppression.
Short sellers assume that they will be able to buy the stock back at a lower price than they sold short and thus profit. Have you ever tried to squeeze your toothpaste out of the tube? So, what is a short squeeze? But the catch is that when they are forced to cover their positions, the price is pushed even higher, causing even more short sellers to capitulate.
Silver served as money for thousands of year until the gold standard was introduced in the XIX century. Although not money, silver is used as an investment. Like gold, silver is a monetary asset, which may be used as a hedge or safe-haven against tail risks. However, silver is much more widely used in the industry; therefore it behaves more like commodity and is more business cycle-sensitive than gold. Sign up for free. Discover what market correlations are, and how you can use them to your advantage.
Within definitions. Silver Manipulation. Read more.
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