Spot silver/gold? I see it in MT4 and I see it on Oandas Platform, it pretty much mirrors spot gold/silver, but does anyone know where the brokers get their streams from?
Mirrors? It IS spot silver and gold.
Feed most likely comes from Reuters.
But don’t quote me on it.
The original price comes from the comex. Which stands for Commodity Exchange. It is a child of the Nymex.
Reuters is just a news agency like ap and so on. Though Reuters is more specialized in financial markets.
I’ve looked fruitlessly, but I’ll find it.
Reuters is a news agency, yes. But they play a far larger role than that in spot markets.
I’ll dig up the link somewhere. It’s quite interesting how they are used to integrate market makers into one stream.
Hey Master, how are things going? I don’t know what you are looking for. The Comex is the exchange where you can buy/sell gold/silver in it’s original place. Even with physical delivery. Reuters just get their price feeds from there. As other news agencies do. Like they get prices from other exchanges. The prices are made at exchances and never at news agencies. At least not yet I hope, lol.
Doing well here:D
I know how the COMEX works, and also CME.
But spot metals at the retail level are much the same as spot forex.
There is no intended delivery, just speculatory trades.
Here’s the article. The Foreign Exchange Interbank Market
They don’t list all the options for spot that are provided by EBS, or Reuters, so the metals is still a mystery. But it wouldn’t surprise me if they ran through the same dealers for feeds. Spot price is almost always different than COMEX.
Well, I know some say that the cabal is making the prices, lol. Anyways, even in your linked article they mention the largest money maker als delivering the market price within an otc business. If not the Comex is the largest money maker (even in delivering pure gold), who is? The BOE? I doubt they trade much gold, lol.
If just the banks would make the price gold would still sell at 250 or even lower usd. I am sure they would like it to push the price down to 1 buck per ounce or less. We can see, they don’t. So, they can’t control the prices. At least not that far. That means that the interbank prices are probably also just feeds from the Comex.
However. We probably wouldn’t find that out to the spot if not somebody would ask Comex where they get their feeds from. I am too lazy to do it, but maybe some others could try?
It’s quoted and traded on FOREX, as I understand it.