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January 04, 2021
Dr. Rosa Abrantes-Metz Discusses Precious Metals Market Manipulation on Miles Franklin Podcast

Brattle Principal Dr. Rosa Abrantes-Metz was a guest on the Miles Franklin podcast, “Are Gold & Silver Manipulated?” Dr. Abrantes-Metz has worked in several cases involving claims of manipulation, collusion, and fraud in the precious metals markets over the last two decades. In the podcast, she discusses how defective structures of price setting in these markets create opportunities for market abuse and generate unusual pricing patterns inconsistent with efficient markets that are worth investigating. Even “small” price deviations from the true price could lead to very large damages to investors as a whole, given the large trading volume and the use of these price benchmarks into a variety of financial derivatives, inducing a ripple effect across instruments.

Dr. Abrantes-Metz also explains how a different type of manipulation, spoofing, is harder to detect without having access to individual trading data and traders’ communications. 

The full podcast is available on the Miles Franklin YouTube channel.