Jul 16, 2014
We connected with Bix Weir today. Seems like they're desperate to find a solution to the vanishing silver fix. Evidently there are billions and perhaps trillions in silver derivative contracts who's very is existence depends upon the Fix. But nobody is quite sure exactly what to do about it. Rumors are circulating that Reuters and CME Group will replace it shortly, but will their Fix be legally binding and sufficient?