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View Full Version : Anyone trading on the London Fix?


Scorp
05-12-2011, 05:26 AM
It's really time consuming to follow the spot price and I am already quite busy with my job during summer. Anyone is trading based on the London Fix and ignoring spot price for transactions and is being succesful with that strategy?

AlbyVA
05-12-2011, 07:11 AM
It's really time consuming to follow the spot price and I am already quite busy with my job during summer. Anyone is trading based on the London Fix and ignoring spot price for transactions and is being succesful with that strategy?



The London Fix is the true spot price, because it is derived from the physical
trading of Precious Metals. Whereas the Spot Price is derived from the paper
trade of PMs.

But the London Fix is really only useful to those who Buy or Sell PMs in massive
amounts. For example, an electronics company that needs a large shipment of
Silver and a mining company that supplies it, will use the London Fix as the
quote price.

GetZeeGold
05-12-2011, 07:14 AM
The London Fix is the true spot price


BWHAA HAA HA HA.:D

AlbyVA
05-12-2011, 08:31 AM
BWHAA HAA HA HA.:D



Care to support your commentary with something tangible about why you
appear to feel the London Fix is invalid?

GetZeeGold
05-12-2011, 08:33 AM
Care to support your commentary with something tangible about why you
appear to feel the London Fix is invalid?


Not really......schools out for summer. :D

p.s.....left you a question on the gold board....take your time.:cool:

AlbyVA
05-12-2011, 08:37 AM
Not really......schools out for summer. :D


Money Never Sleeps. :)

GetZeeGold
05-12-2011, 08:38 AM
Money Never Sleeps. :)

Ya got that right Jack. :D

Scorp
05-12-2011, 02:40 PM
I guess I wasn't very clear in my question, What I meant is anyone basing their purchases on the London fix only. Exemple : A downtrend on the London fix for a week would encourage you to buy without having to follow the spot price in other markets. Kitco's historical charts are based on the London fix and gives me a pretty good idea of past trends.