LBMA to stop reporting GOFO rates from February 2015 onwards

In September I reported that the LBMA could stop reporting the GOFO rates.

Well, we got notice that LBMA will stop reporting the GOFO rates from February 2015 onwards. The reason being that gold swaps are out of fashion these days, who wants to borrow gold?

This will give a green sign for all the gold manipulators.