In Kiwiwatch post Scandal 3 I brought to your attention the manipulation of the ‘paper gold’ (derivatives) market by the bullion banks no doubt on the command of the Federal Reserve. The last thing that central banks need and wish to avoid at all costs is an alternative to fiat money (currency) being seen as a ‘safe haven’ of wealth. They lose control.  Here it seems that big mining companies are also fed up with this rigging of markets. For them it destroys their profitability because prices are forced arbitrarily low for the product they mine.

Source: “Stunning!” Ten Percent of London Metals Exchange (LME) Members QUIT Today!