Nothing happens by accident when it comes to precious metals - The Gold and Silver fix in London being re-jiggered is an excellent example. Why was it essential now to uproot the decade standing methods of both the Silver and Gold fix in London each day ? It was archaic, but why now ?
Me thinks they want to pull off another fast one. Notice the new players involved are all the usual suspects and the methods and details of this new fix are very sketchy to say the least. So my conclusion is that this is another method to suppress the metals and prolong the rig. Computerize and implement algos with no humans involved - just don't look at the source code. Just like the creation of the precious metal ETFs, this will put another tool at their disposal to corrupt free markets and continue to make the gold investor their bitch.
As a tangent, good Jim Rickards interview on Financialsense.com
Notable Jim Rickards quotes:
"Since 1975, any student who learns anything about gold as money is self-taught because it is no longer part of any economics curriculum"
"A rising gold price is just the flip side of a collapsing dollar"
