It is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.

The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold a few bankers accountable.

Last week, DOJ officials asked the judge in a civil suit against JPMorgan Chase to delay proceedings for 6 months to clear the path for more prosecutions.

Plaintiffs in that civil action have accused JPMorgan of ripping off investors based in part on evidence turned over by Deutsche Bank in 2016.

Deutsche Bank paid millions of dollars in fines and provided hundreds of thousands of documents plus dozens of voice recordings to settle its portion of the ongoing lawsuit.

Justice Department investigators, who may be us ... Read more »