Are London's precious metals fixes fixable?

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?