Are London's precious metals fixes fixable?
By GCRU Gold News on Wednesday, May 21 2014, 20:47 - Permalink
It's unfortunate, to put it mildly, that London's global benchmarks for precious metals pricing are called "fixes".
"Fix" is a word with 25 different meanings, according to the Collins on-line dictionary, including, at number ten, "to influence (a person, outcome of a contest, etc) unfairly."
And, as far as the many conspiracy theorists populating the fringes of the gold and silver markets are concerned, that's about right.
One can have opinions without understanding what's going on.(:-))) Click on charts for popups...
Not what happens at the fix - average price movements for the last 5 years
And for silver - three whammy's per day.....
And here's what would happen to a hypothetical position entered to at the AM FIX & exited at the PM FIX
Vs what would happen to a hypothetical position entered to at the PM FIX & exited at the AM FIX
They don't call it the FIX for nothing......
And the article link: Are London's precious metals fixes fixable?