Oct 25/gold Standing For Delivery In Oct Inches Closer And Closer To 30 Tonnes/gld Adds 3.27 Tonnes To Its Inventory/the British Pound Has Another Flash Crash Today/wikileaks Exposes A Cover Up With Clinton And Her Gang/usa Set To Seize Assets Of Venezuela’s State Owned Oil Company/usa Consumer Confidence Falters Again/
harveyorganblog.com / by harveyorgan / October 25, 2016
Gold $1271.90 up $9.90
Silver 17.74 UP 18 cents
In the access market 5:15 pm
Gold: 1274.50
Silver: 17.77
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 25 (10:15 pm est last night): $ 1267.47
NY ACCESS PRICE: $1264.50 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1272.13
NY ACCESS PRICE: 1267.00 (AT THE EXACT SAME TIME)
HUGE SPREAD TODAY!! 5 dollars
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: OCT 25: 5:30 am est: $1269.30 (NY: same time: $1268.90: 5:30AM)
London Second fix OCT 24: 10 am est: $1267.40 (NY same time: $1267.60 , 10 AM)
Shanghai premium in silver over NY: 70 cents.
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.
The post OCT 25/GOLD STANDING FOR DELIVERY IN OCT INCHES CLOSER AND CLOSER TO 30 TONNES/GLD ADDS 3.27 TONNES TO ITS INVENTORY/THE BRITISH POUND HAS ANOTHER FLASH CRASH TODAY/WIKILEAKS EXPOSES A COVER UP WITH CLINTON AND HER GANG/USA SET TO SEIZE ASSETS OF VENEZUELA’S STATE OWNED OIL COMPANY/USA CONSUMER CONFIDENCE FALTERS AGAIN/ appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/10/25/oct-25gold-standing-for-delivery-in-oct-inches-closer-and-closer-to-30-tonnesgld-adds-3-27-tonnes-to-its-inventorythe-british-pound-has-another-flash-crash-todaywikileaks-exposes-a-cover-up-with-c/
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