Thoughts On The Ending Of The London Silver Fix Mechanism

um yea..

1- sham article

2- has no bearing on prices

3- same old material rehashed over and over

4- I didnt even bother to read the article because I see this sort of stuff all the time

In the end, the market decides prices. It is all about supply and demand.

In conclusion, it has no bearing going forward on silver prices.

Of course! Off to a good start already. "If you don't mean this, you must mean the exact and total opposite!"

It's not the Masons or Illuminati...

It's not a bunch of stuffed shirts in an exclusive club in London...

the real ones that set the price of silver are the Underpants GNOMES!

This is the first time I've posted something here at CCF and felt like it was a complete waste of time and that no one here wants to help educate through discussion.

I don't really have an opinion just yet one way or the other, I'm trying to get an idea...maybe form my own opinion. I personally do that by comparing and contrasting logical discussions about the subject, which would have included actually reading the article that I shared and discussing it.




Certainly doesn't give me the feeling that we're going to discuss something or help educate through logical discussion.

I was after discussion, not debate and, certainly not the responses I got...

@phankins

I trade for a living. I trade commodities. I am not looking to debate nor tell you what to think. Sorry if you got that impression.

Honest to god tho, this news means absolutely ZERO to me. I say this with the utmost respect, not putting you down, nor am I trying to twist your arm and again, I am not looking for a debate.

I simply have nothing to discuss because from my viewpoint, as I see this sort of thing always, it means nothing. Silver will continue to trade as it always has. It will not impact anything in regards to how Silver already acts.

So I mean, what is there to discuss? Tell me? I already know that nothing will change. So I guess my question would be, what is there to discuss?

Silver trades on the simple concept of supply and demand. The prices are determined on that. I dont see what else could be said.

I mean I dunno, you asked "any thoughts on what affect this will have on the price of silver". I answered your question with my thoughts. I didnt say, let's debate that....

now I feel like was this indeed some "baited" question by you.. please let me know what you were trying to ask

Finally, yes I did not even bother to read the article. I dont read much of anything about silver does this, silver does that. Not being flippant either.. its just that as someone who trades and has traded this commodity, I see price as the only "information" I need to know whether it is going higher, going lower, or going to do nothing.

I know that might be a shocker, but get a group of traders together and they will tell you the same thing, that yea, "doesn't matter what I read, because only price pays".

Yup,

When 90% of the world's wealth is amassed in the hands of 10% of the world's population, market price manipulation in some form or another is almost a certainty.

Unfortunately, phankins, what you posted was a link to a commercial gold/silver selling site, who's marketing scheme is to try to scare people into believing that the economy is on the verge of collapse and tyhat people should buy their over premiumed gold and silver to protect their wealth. It is not an unbiased financial journal.

That is why no one is taking that article or site as the basis for a serious discussion.

What will happen ? Most traders and retailers will continue to use the U.S. COMEX exchange closing price as their benchmark like they always have.

The London fix was only really important to Mining Companies and other Bulk buyers who prefer to make deals on "black and white" set daily numbers instead of "by the minute" numbers. They will adapt. Or maybe someone like the Bullion Market Association will step in.

Silver and gold will continue to trade as it always has, based on supply and demand without the London Fix.