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LME pulls out of clearing OTC gold trades on lack of price data
By Jan Harvey
Reuters
Friday, September 5, 2014
LONDON -- The London Metal Exchange will not provide clearing services for over-the-counter trades in gold from Sept. 22 after the London Bullion Market Association said its members would no longer supply price data for forward curves.
The LME said in a statement on Friday that it had been notified by the LBMA that the majority of its market-making members, which include Credit Suisse, UBS, and JP Morgan, could no longer contribute data for the purposes of calculating forward curves.
The effect of the announcement is likely to be limited, because most OTC gold trades do not go through a clearing process. ...
... For the remainder of the story:
http://www.reuters.com/article/2014/09/05/gold-clearing-lme-idUSL5N0R633...
Jim Sinclair Plans Market Seminar in Nashville on September 20
Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:
http://www.jsmineset.com/qa-session-tickets/
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Casey Research 2014 Summit
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Friday-Sunday, September 19-21, 2014
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Canadian Investor Conference
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Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014
http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
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Wednesday-Saturday, October 22-25, 2014
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Monday-Friday, December 1-5, 2014
http://www.minesandmoney.com/london/
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