New silver fix starts 15th August

[motorbikez]

http://www.lbma.org.uk/london-silver-price

 

As above,this will be interesting if anything at all changes or will it be more of the same

[Danny-boy]

I wonder what will happen price-wise.

Anybody in the know made any predictions?

[motorbikez]

That's the thing Danny nobody is in the know, my prediction is it won't make a shred of difference to the shenanigans that has been going on in the gold and silver markets up to now.

[HighlandTiger]

its just a different group of people artificially manipulating prices. I doubt anything dramatic will happen. Fingers crossed the price drops 

[motorbikez]

The key thing to me at any rate is not what is on the LBMA's list of frequently asked questions, it is what is missing from that list, who is going to regulate the new fix/pricing mechanism and how are they going to police it.

[Fluttershy]

I wonder if the BRICS New Development Bank will be allowed to participate?...  all pigs fuelled and ready to fly perhaps

[Danny-boy]

Yes, everything I have read has intimated that it probably won't make a jot of difference.

I'm becoming more and more disconnected from spot anyway due to buying more expensive coins, so it doesn't really bother me.

[Fluttershy]

I wonder if todays near 4 year low has anything to do with it?

 

I`m as far removed from being a market "expert" as can be, but I did wonder if the new silver fix brought in a lot of new player that were before uninterested in silver, but jumped in thinking that everything would all be fair and above board now, and that silver was once again safer with regards to certain manipulations.

and that the Recent volatility is an attempt by the powers that be to shake them off?

 

my Other idea was that perhaps this whole Scotland thing had folks buying into PMs for safety and then suddenly selling them all today because it was a No vote?

 

(for Thread/Post context in posterity :silver went to £10.94 today, the lowest in about 4 years)

[StackemHigh]

I didn't notice a higher number of oz purchased by my stacking friends in Scotland and nobody i know is selling.

 

The changes in Scotland will take years to be choosen and implemented. I wouldn't have thought that the number of stackers in Scotland is big enough to effect price in any way up or down.