Had this pointed out as a very significant event, it comes from the zero hedge site which it seems many here read from time to time, here is the link http://www.zerohedge.com/news/2016-...sarray-after-benchmark-price-fix-manipulation here's a song that comes to mind , http://www.dailymotion.com/video/xsi1v2_bob-dylan-the-levee-s-gonna-break_music by that old guy. Our fifty cents may increase in value yet.
Here is where the story broke on SS: http://forums.silverstackers.com/topic-71516-historic-london-silver-fix-breaks-january-28-2016.html As usual zeroidea never lets facts get in the way of a good story, and conveniently omitted keys facts in an effort to keep pushing their BS to the gullible. As many media outlets, as well as bullion dealers with vested interests reported: However, like you, I also took this on-board as a very significant event. I have stated numerous times that arbitrage is the leveller of price, and is what keeps futures fairly priced. This event indicated that without the ability to arbitrage (or link the physical market with the spot market) the high volume of physical sells tipped the balance, and physical price plunged until it was able to be propped up again by the futures market. That's right - physical prices being supported (or manipulated up) by the futures market. Now, I'll bet my stack you will never see Zerobrains publish that! :lol: For a more in depth read, have a read of Bron's take: http://research.perthmint.com.au/2016/01/29/lbma-silver-price-a-perfect-storm-of-stupidity/
That's a great article from Bron. Informative and amusing! I guess the real story here is about the regulation against arbitrage. What the hell is going on there? Arbitrage is an essential mechanism of market efficiency. Are they trying to stop the banks from gouging the "sell at market" producers? Sounds like there is a niche for competent silver brokers on the supply side that needs to be filled.....
FARK! Calling Skyrocket..... !!! I just realised I called it the day BEFORE it happened!!!! Look here! > http://forums.silverstackers.com/message-885163.html#p885163 Do I get Billy status!!!????? :lol:
Why are there so many conspiracy theories with silver? Is there a historical reason? In this day and age stacking lithium ion batteries would be better investment on SHTF?
Because people losing their money would rather blame 'mysterious forces' and 'manipulation' rather than their own poor/flawed decision making.
Thanks, and your point about the opportunity for others to step in I cover in my follow up post http://research.perthmint.com.au/2016/02/02/would-you-risk-going-to-jail-to-fix-the-fix/
It is easy to cheat on the price when they dont have to show the books ... http://www.telegraph.co.uk/finance/...ver-prices-The-next-bank-rigging-scandal.html
Can't accept the fact that many facets of one's financial life are simply a mirage created by others... so prefers to bury one's head in the sand.
"The Swiss regulator FINMA included its metals rigging investigation into another settlement with UBS Group over currency rate manipulation, saying there was a "clear attempt to manipulate fixes in the precious metal market" by the bank. UBS later pled guilty and agreed to pay $545 million in combined fines." https://www.rt.com/business/316875-swiss-banks-probe-rigging/
Humans are wired to find patterns to explain things we don't understand. Some people create unusual patterns?
"Own" your decisions? Such as those which you've already admitted to in the recent past, including using currency (Forex = proven rigged), using loans (LIBOR = proven rigged) & dabbling in the stock/share market (central banks admit rigging them)? Yet somehow you still aren't "completely convinced of the manipulation." Not only are you acting like a fool, my friend, with your troll-ish tag-line -- but a hypocritical one, at that.
Don't forget CFDs, binaries, ETFs and warrants - all choc full of paper financial profit goodness Who feels like shorting some silver?
