14 May 2014, 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. And, as an even more
shocking result, overnight the London Silver Fix announced that after
August 14, 2014 it will no longer exist - the first of many victories for all those who have fought for fair and unmanipulated precious metal markets.
From the press release:
The London Silver Market Fixing Limited (the 'Company') announces that it will cease to administer the London Silver Fixing with effect from close of business on 14 August 2014. (Zero Hedge) http://www.zerohedge.com/news/2014-05-14/beginning-end-precious-metals-manipulation-london-silver-fix-officially-dead
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