Silver Company CEOs Prepare For War On Big Banks: Class Action Lawsuit For Price RiggingBy Mac Slavo Now that the cat is out of the bag and Deutsche Bank has agreed to turn over documents implicating other banks in related schemes, major mining companies are preparing lawsuits of their own. Straight-shooting First Majestic Silver CEO, Keith Neumeyer, who in 2015 was the first mining company head to issue a public statement on the manipulation of precious metals prices by a small concentration of players, has said that the companys legal team is closely monitoring the situation. Citing loss of revenue, jobs and shareholder value Neumeyer said in an interview with SGT Report that his company will likely be preparing legal action against the bullion banks involved in the rigging of prices. I have an intimate knowledge of what goes on on the trading floors how front running occurs, how wash trading occurs, how spoofing occurs Ive been looking for an opportunity to step in Ive been very vocal Ive talked to manyexecutives that are running other silver companies When the Deutsche news came out I sent an email to the law firm thats responsible for this lawsuit and I had a conference callwith two lawyers we spoke about this caseI can tell you that a couple of the CEOs of some very prominent silver companies in the States have no interest in pursuing this Other CEOs have said that they are interested in pursuing this with First Majestic. Were monitoring this. Were going to follow it. Were likely going to, at some point, add our name to the class action lawsuit. Watch the full interview detailing Neumeyers views on global cash bans, what silver prices may do once the manipulation comes to an end, how precious metals will be affected by the incoming Trump administration, current supply-and-demand fundamentals and an update on his latest projects including Silver One Resources: Neumeyer and what appears to be a handful of other CEOs in the industry are preparing to declare war on the banks that have been responsible for the price suppression schemes many knew to exist but couldnt prove until now. The problem was that the fox was left to guard the hen house, which of course led to an inevitable bloodbath: Its quite shocking to me Its very harmful to the shareholders It is manipulation and its used frequently. Theres ways that the regulators can monitor it. They can see it happening. The exchanges know when false bids and offers get put into the system Yet, the exchanges dont step in because the exchanges are owned by the banks and the banks are doing that kind of trading Its the self policing system, which doesnt work because no one wants to police themselves because theyre all making too much money. How does Bank of America or JP Morgan not have a losing day year-after-year of trading its actually impossible traders lose money it happens all the time yet they have not had a single losing day for at least a couple of years as far as I know. As Neumeyer correctly highlights, its impossible for a trader or firm to have such a perfect record, unless of course they are working the system, which certainly appears to be the case based on the evidence. Now that market manipulations have been proven at the highest levels of the bullion banking system, and with the pressure of lawsuits mounting, there is a distinct possibility that precious metals prices will be allowed to trade freely on the open market. Such a development bodes well for precious metals investors, especially with Donald Trump set to take over the Presidency in a few short weeks. Neumeyer notes that several Trump appointees are gold-friendly, which could add further upside potential: On a positive note regarding Trump, hes got a couple of pro-gold individuals that hes appointed to his inner circle and Im looking forward to them starting to make some gold favored policies that will help us as a mining company and our investors as well. Summing up, Neumeyer hints that precious metals could do very well in the years to come: Were in very uncertain times the world is changing. If history is any guide, global changes of this magnitude mean that the entrenched systems run by central banks and Deep State politics are set to be destabilized on a level we may have not witnessed in our lifetimes,which means assets like bitcoin, gold, and silver could become the safe havens of choice for investors. Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. You can read more from Mac Slavo at his site SHTFplan.com, where this article first appeared. The interest rates (LIBOR) has been exposed as rigged so why wouldnt Silver be rigged? So obviously there is no law for the chimps. Silver is worth very little and will be so going forward. The people who float bullshit like $1000 silver are just silver salespeople. Silver and gold are worth what theyve always been worth. Trying to value real money with fake money is the issue at hand. Owning precious metals isnt really a trade, its more like life insurance. You can lock in your wealth. Whether it goes to $1000 or not is really irrelevant. Dont buy precious metals to get rich. E/O 11110 (creating silver certificates- the reason JFK was shot) would go a long ways to begin the correction and the death of the unFed. I am a Canadian Diamond Driller and the commodity market rigging and collapse of Gold prices was a scam to put smaller Canadian drilling companies out of business. The forced downturn just let the huge fish eat all the smaller, what a usurpation of Canadian sovereignty to foreign corporate ownership. This will be an interesting show. Get the popcorn ready. 