Silver Market In Disarray After Benchmark Price Fix Manipulation

windmill2 said:
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
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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:
'Anti-Arb Compliance' Sinks London Silver 'Fix' 6% to 7-Year Low, Spot Rallies Straight Back
Dealers blamed Thursday's action on rules decided by the compliance departments of banks and brokerages, and aimed at meeting the new regulatory regime which block traders participating in the benchmark auction from "arbitrage" in other silver markets at the same time.
Click to expand...

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.....
 
windmill2 said:
Had this pointed out as a very significant event, it comes from the zero hedge truth site which it seems many here read from time to time,
Click to expand...

Fixed it for you. :cool:
 
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?
 
Ipv6Ready said:
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?
Click to expand...

Because people losing their money would rather blame 'mysterious forces' and 'manipulation' rather than their own poor/flawed decision making.
 
screaming eagle said:
Ipv6Ready said:
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?
Click to expand...

Because people losing their money would rather blame 'mysterious forces' and 'manipulation' rather than their own poor/flawed decision making.
Click to expand...
+1000
 
BuggedOut said:
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.....
Click to expand...

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/
 
Gatito Bandito said:
Ipv6Ready said:
Why are there so many conspiracy theories with silver?
Is there a historical reason?
Click to expand...

Because everything that can be manipulated, is -- except for PM's, of course.. ;)
Click to expand...
Can't explain it.... so must be true. ;)
 
wrcmad said:
Gatito Bandito said:
Because everything that can be manipulated, is -- except for PM's, of course.. ;)
Click to expand...
Can't explain it.... so must be true. ;)
Click to expand...

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. ;)
 
Ipv6Ready said:
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?
Click to expand...

Humans are wired to find patterns to explain things we don't understand.

Some people create unusual patterns?
 
Gatito Bandito said:
wrcmad said:
Gatito Bandito said:
Because everything that can be manipulated, is -- except for PM's, of course.. ;)
Click to expand...
Can't explain it.... so must be true. ;)
Click to expand...

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. ;)
Click to expand...
On the contrary.
Rather than bury my head in the sand, I prefer to own my decisions. ;)
 
wrcmad said:
Gatito Bandito said:
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. ;)
Click to expand...
On the contrary.
Rather than bury my head in the sand, I prefer to own my decisions. ;)
Click to expand...


"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. :)
 
bron suchecki said:
BuggedOut said:
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.....
Click to expand...

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/
Click to expand...

Sorry Bron, I give your post a miss this time. I'll stick to Dave Kranzler's version of events...
 
Gatito Bandito said:
wrcmad said:
Gatito Bandito said:
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. ;)
Click to expand...
On the contrary.
Rather than bury my head in the sand, I prefer to own my decisions. ;)
Click to expand...


"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. :)
Click to expand...

Don't forget CFDs, binaries, ETFs and warrants - all choc full of paper financial profit goodness

Who feels like shorting some silver?
 
silversearcher said:
bron suchecki said:
BuggedOut said:
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.....
Click to expand...

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/
Click to expand...

Sorry Bron, I give your post a miss this time. I'll stick to Dave Kranzler's version of events...
Click to expand...

Nice troll but I won't bite
 
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