The
Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is
Officially Dead | Zero Hedge
We’ll see what happens on
Aug 14th. ~ BP
Following
a crackdown on precious metal manipulation by various European regulators
(mostly Germany’s BaFin, recall “Precious Metals Manipulation Worse Than Libor
Scandal, German Regulator Says”), which led to the shocking outcome that
Deutsche Bank would pull out of the London gold and silver fixing committees,
the London Silver Market Fixing company ended up with a most curious outcome:
it would have just two members: HSBC and Bank of Nova Scotia. And, as an even
more shocking result, overnight the London Silver Fix announced that after
August 14, 2014 it will no longer exist – the first of many victories for all
those who have fought for fair and unmanipulated precious metal markets.
From
the press release:
The
London Silver Market Fixing Limited (the ‘Company’) announces that it will
cease to administer the London Silver Fixing with effect from close of business
on 14 August 2014. Until then, Deutsche Bank AG…
2 comments:
Don't mean a thing. Gold and silver will still be manipulated as usual.
Watch gold and silver take a dive after the 14th. The London silver fix has nothing to do with the prices.
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