Source: FXWire Commodities
16. February 2015 07:18:31
For the record. You can go ahead and talk to your swap dealer and have any money you owe returned to you based on this nonsense. Silver clearly never traded at that price. Anyone using the FIX could have used paper contracts anywhere on the planet to get a better price. Clearly the FIX today was rigged below the current quoted price at that time. It is bullshot. You don't owe anything on any swap or contract was based off of today's LBMA FIX price. It was completely fraudulently generated.
Today the LBMA silver FIX was 17.27 at 7:18 am. Silver never traded under 17.30 today. So there you have it. The need to fix derivative contracts at a certain price at a certain time no longer has the ability to change market prices.
Only idiots trapped in leveraged short ETF, that can never go up, would spend all day posting nonsense about silver ever going down, for years, while losing their #$%$. You do understand that a leveraged short ETF can only drop right? It is impossible for it to rise. Your money is gone. The winners in this game remain the longs who are taking in physical metal. And I am prtty sur ethat even the paper longs are going to get another super spike before mid-march.