Gold and Silver Prices Rose Slightly While Stocks had a Mixed Performance

5:47 AM


September 15, 2016 -- Markets took a bit of a breather yesterday following 3 days of volatile trading. Gold and silver prices rose slightly, stock markets turned in a mixed performance.

Wells Fargo is in hot water following revelations that employees of the bank created 2 million accounts which were not authorized by customers and then charged a variety of fees. Last week regulators slapped the bank with $185 million in fines. Now Federal Prosecutors have launched an investigation into whether or not any higher ranking executives were involved in criminal activity.

The Justice Department has yet to pursue criminal charges against a single CEO, or other top level leader, since the 2008 financial crisis. This despite revelations of widespread fraud and cheating in everything from mortgages to rigging markets. Banks have paid more than a quarter trillion dollars of fines, but no one goes to jail..

Perhaps, at least, the market will hold Wells Fargo accountable. So far the bank’s stock is down 20% from its July highs.

Live prices at MoneyMetals.com show gold currently trading at $1,325.25 per ounce on the global market, and silver is coming in at $19.15.

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