Egypt Mints First Gold Ingot from Domestic Mines

The mines in Egypt’s Eastern Desert represent an incredible source of income for the country. Gold from the El Sukari mine is already being used to grow the Central Bank of Egypt’s reserves which have recently been reported to have increased to 125 tons of gold.

Two More Wall St Traders Sentenced In Precious Metals Price Manipulation

Both traders were convicted after a jury trial of manipulating market prices of precious metals up or down by placing large “spoof” orders in the COMEX and NYMEX they never intended to fill. The convictions prove that they intentionally manipulated prices for their own gain and increase profits for the banks.