Tags » Price Fixing

Some Call It Collusion

Collusion:  secret agreement or cooperation especially for an illegal or deceitful purpose.

That’s Webster’s definition of a practice that, as far as I understand, is illegal in the United States. 657 more words


Before starting a business or maybe you have already started one and you desired to take the business to a great height there are few things you must put right to gain a feat in the business world. 521 more words


Book Wars!

I’m a wanna’ be author, so I pay attention when publishers and book sellers start developing temper tantrums. I doubt I’ll ever finish any of the novels I started, but I still pay attention; who knows, maybe I have a best seller in that pile of words. 600 more words


Changes in Spot Price for Precious Metals

Today marked the last day of using a 117-year old system for fixing the price of silver. Rather than let it free-float, the legalized corruption will likely continue under a new name. 36 more words


The (New) London Silver Price

CME Group will provide the electronic auction platform on which the price will be calculated and Thomson Reuters will be responsible for administration and governance. The LBMA will accredit price participants and own the intellectual property rights. 299 more words


The Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is Officially Dead | Zero Hedge

Following a crackdown on precious metal manipulation by various European regulators (mostly Germany’s BaFin, recall “Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says”), which led to the shocking outcome that Deutsche Bank would pull out of the London gold and silver fixing committees, the London Silver Market Fixing company ended up with a most curious outcome: it would have just two members: HSBC and Bank of Nova Scotia. 182 more words