'Anti-arb compliance' sinks London silver 'fix' 6%, spot rallies straight back

Section:

From BullionVault.com, London
Thursday, January 28, 2016

Silver prices sank almost 80 cents at Thursday lunchtime's London benchmarking, hitting the lowest level in seven years, while gold prices and Comex silver futures contracts held almost unchanged near multi-month highs, thanks to what some traders called the unintended consequences of regulatory compliance by banks and brokerages.

Modelled on the century-old "London Fix" it replaced in 2014 -- and which offered a moment of unlimited liquidity to would-be buyers and sellers -- the LBMA Silver Price became a formally regulated benchmark under UK law last April. ...

... For the remainder of the report:

https://www.bullionvault.com/gold-news/silver-price-012820162



ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/



Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16