Message:

<p>[QUOTE=&quot;fatima, post: 1473908, member: 22143&quot;]Every dealer that I&#039;ve ever dealt with uses today&#039;s spot price and not futures pricing.&nbsp; </p><p><br /></p><p>For Gold, the US Mint uses the afternoon average of the London Gold fix and not CME activity.&nbsp; IMO, the gold fix has a bigger influence on spot price than anything going on at the CME.&nbsp; </p><p><br /></p><p>For Silver, I do believe the CME has a greater influence on silver prices which is why I have constantly warned people on this forum to never assume silver will follow gold movement or be influenced by industrial and/or other demand, mythical ratios, etc.&nbsp;&nbsp; Whether JPM or not is manipulating the market via this mechanism I have no idea and it&#039;s irrelevant.&nbsp; It&#039;s pretty clear that it is taking place, the government is turning a blind eye to enforcing rules, so it doesn&#039;t matter which TBTF bank is doing it.&nbsp;&nbsp; (Who has been sent to jail for the MF Global debacle?&nbsp; It&#039;s been almost a year now. )[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in