Ronan Manly: January smash in London silver fix arose from broken promises


8a ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly shows today that last month's strange smash in the new London silver price fix, which disagreed so sharply with simultaneous spot and futures prices, resulted from the failure of the fix's managers to keep a promise made 18 months earlier to arrange wider participation in the fix and central clearing of trades based on the fix. Manly's analysis is headlined "The LBMA Silver Price -- Broken Promises on Wider Participation and Central Clearing" and it's posted at Bullion Star here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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