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Oct 11/massive 10 Tonne Increase In Gold Inventory At The Gld Despite Gold’s Fall??/1.76 Million Oz Removed From Slv/ We Now Have Over 25 Tonnes Of Gold Standing In October/over 25 Tonnes Repatriated To Germany From The Frbny/more Troubles For Deutsche Bank/turkey And Russia Sign The Turkish South Stream Project Underneath The Black Sea/russia Demands All Foreign Students To Return To Russia/the Pound Collapses Today/ Also The Usalabour Lcmi, The Favourite Of The Fed (janet) Collapses!!!

Tuesday, October 11, 2016 18:50
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(Before It's News)

harveyorganblog.com / by harveyorgan / October 11, 2016

Gold $1254.00 up $1.50

Silver 17.47 up 5 cents

In the access market 5:15 pm

Gold: 1256.00

Silver: 17.66

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

The Shanghai fix is at 10:15 pm est and 2:15 am est

The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

And now the fix recordings:

Shanghai morning fix OCT 11 (10:15 pm est last night): $ 1262.18

NY ACCESS PRICE: $1259.00 (AT THE EXACT SAME TIME)

Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1263.11

NY ACCESS PRICE: 1257.00 (AT THE EXACT SAME TIME)

HUGE SPREAD TODAY!!

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: OCT 11: 5:30 am est: $1256.40 (NY: same time: $1256.40: 5:30AM)

London Second fix OCT 11: 10 am est: $1253.45 (NY same time: $1254.10 , 10 AM)

It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

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The post OCT 11/MASSIVE 10 TONNE INCREASE IN GOLD INVENTORY AT THE GLD DESPITE GOLD’S FALL??/1.76 MILLION OZ REMOVED FROM SLV/ WE NOW HAVE OVER 25 TONNES OF GOLD STANDING IN OCTOBER/OVER 25 TONNES REPATRIATED TO GERMANY FROM THE FRBNY/MORE TROUBLES FOR DEUTSCHE BANK/TURKEY AND RUSSIA SIGN THE TURKISH SOUTH STREAM PROJECT UNDERNEATH THE BLACK SEA/RUSSIA DEMANDS ALL FOREIGN STUDENTS TO RETURN TO RUSSIA/THE POUND COLLAPSES TODAY/ ALSO THE USALABOUR LCMI, THE FAVOURITE OF THE FED (JANET) COLLAPSES!!! appeared first on Silver For The People.

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