?? End of the Silver Fix ??

[HelpingHands]

http://mobile.reuters.com/article/idUSL3N0O02AK20140514?irpc=932

http://t.co/NLT455xPjg

[motorbikez]

That will be interesting if it comes about. How will silver be priced supply and demand? and who is going to set the market.

If it ends up more of the same old boll--ks and manipulation some of the larger companies may supply silver directly to heavy end users.

[Keithoil]

Yes I have just read an article on this matter.

 

It happens on August 14th.

 

Yes I agree I think someone else will take the mantle and start to FIX it their way.

 

Time will tell.

 

Bast--ds!!

[ChrisSilver]

Businesses that currently use the London fix for the price they do deals at will probably start using the closing price of the COMEX silver futures.

[SilverTrader]

Well zerohedge has this story on it

 

http://www.zerohedge.com/news/2014-05-14/beginning-end-precious-metals-manipulation-london-silver-fix-officially-dead

 

3 months is a long time I'm sure they will find some way of keeping it going

Maybe they just needed more time to find a replacement for the Deutsche bank

 

I suppose were see

[Jez]

I don't understand enough on this, but isn't the fix almost similar to how the NYSE uses fixes to determine their prices by an auction style method of taking the higher buy price and the lowest sell price to determine the current price?  Or something along those lines?

[HelpingHands]

http://www.itv.com/news/update/2014-05-23/barclays-fined-26m-over-gold-price-fixing-failings/

[SilverTrader]

Nice find helping hands :-)

 

http://www.bbc.co.uk/news/business-27536127

[HelpingHands]

Sky news are running it as 'fined for TRYING to fix the price of gold'

[silversword]

Sky News... Christ, it's like kids pretending to be on TV

[HelpingHands]

I can't watch the BBC news anymore.

The news will be about the elections all day so they might not have time to discuss the gold story.

[silversword]

I'd suggest that for the majority of people, the gold price fix is not of major concern. "Celebrity Strictly Come Singing On Ice" is on this weekend, or something like that.

[HelpingHands]

<sets series record>

[Cointreau]

Mr Plunkett, Barclay's gold fixer left the company in october 2012. Convenient scapegoat.