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Nov 15/spread Between Shanghai Fix And Ny Price: $9.00/amount Standing For Gold Rises To Over 5 Tonnes For November/offshore Yuan Crashes Again To Over 6.855/saudi Arabia Warns Trump Not To Block Saudi Imports Of Oil/george Soros Back Into The Gold Business As He Doubles His Stake In Barrick Gold/

Wednesday, November 16, 2016 1:31
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(Before It's News)

harveyorganblog.com / by harveyorgan / November 15, 2016

Gold closed at $1224.00 up $2.80

silver closed at $17.03:  up $0.15

Access market prices:

Gold: 1228.00

Silver: 17.08

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 Nov 15 (10:15 pm est last night): $  1235.74

NY ACCESS PRICE: $1225.20 (AT THE EXACT SAME TIME)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1236.97

NY ACCESS PRICE: 1227.90 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD TODAY!!  9.00 dollars

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: Nov 15: 5:30 am est:  $1228.90   (NY: same time:  $1224.90    5:30AM)???

London Second fix Nov 15: 11 am est:  $1226.95 (NY same time: $1226.95,    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.

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The post NOV 15/SPREAD BETWEEN SHANGHAI FIX AND NY PRICE: $9.00/AMOUNT STANDING FOR GOLD RISES TO OVER 5 TONNES FOR NOVEMBER/OFFSHORE YUAN CRASHES AGAIN TO OVER 6.855/SAUDI ARABIA WARNS TRUMP NOT TO BLOCK SAUDI IMPORTS OF OIL/GEORGE SOROS BACK INTO THE GOLD BUSINESS AS HE DOUBLES HIS STAKE IN BARRICK GOLD/ appeared first on Silver For The People.

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