Monday, 19 May 2014

History is Made London Silver Fix is Officially Dead

THIS has To Be The Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is Officially Dead -- Chris Duane joins me to discuss.

According to 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, HSBC Bank USA N.A. and The Bank of Nova Scotia will remain members of the Company and the Company will administer the London Silver Fixing and continue to liaise with the FCA and other stakeholders.

The period to 14 August 2014 will provide an opportunity for market-led adjustment with consultation between clients and market participants.

- Source, SGTReport