Seeking Alpha

ETF Securities and Platts throw hats in ring for silver fix

  • The two - one a pioneer in ETFs, the other a commodities information provider - join the London Metal Exchange and CME Group in vying to provide a replacement for the silver benchmarking process.
  • The ETF Securities proposal is based on the company's London-traded silver fund that's physically settled by the LBMA - the group looking for a replacement for the fix. "It's open, it's transparent, every bid and offer that goes into the auction can be audited and supervised," says ETF Chairman Graham Tuckwell.
  • Previously: CME and LME vie for sliver "fix"
Comments (5)
  • Brian Bobbitt
    , contributor
    Comments (1888) | Send Message
    All of this is just price fixing nonsense. The price should be fixed by the first trade of the day GMT 0001. The world will quickly know how it is going and let the durned prices float as the market says, not how some banker sipping his coffee and munching a danish who has no clue as to what is real out there.


    Some day before I die, I'd like to see a fair and open cry market, and screw the machines except for reporting.


    Capt. Brian
    The Lost Navigator
    5 Jun, 03:31 PM Reply Like
  • WRC_168
    , contributor
    Comments (85) | Send Message
    Agreed, Captain, they are just trying to replace the wolves with the foxes, but the chickens will still be endangered all the same.
    5 Jun, 09:52 PM Reply Like
  • Leroyboy66
    , contributor
    Comments (15) | Send Message
    Wolves with WEASELS...WILD ONES
    6 Jun, 03:46 AM Reply Like
  • Leroyboy66
    , contributor
    Comments (15) | Send Message
    Wolves with WEASELS...WILD ONES
    6 Jun, 03:46 AM Reply Like
  • Rodger Fetters
    , contributor
    Comments (8) | Send Message
    Well, I am just along for the ride. I have held SLV and SLW for a couple of years and even if the price goes down to $1 I am not selling. Now if they go as high as I think they are heading, I might be tempted. Either way, it is much more entertaining than watching the bank give me 0.5% interest. The bank must think money is already worthless. (I wonder what that coffee and danish cost?) LOL
    6 Jun, 03:49 AM Reply Like
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