Dec 27/gold And Silver Rise/huge Bombshell Again At Toshiba/china Finally Admits That It Will Not Hit Its Targets: Down Goes Commodity Prices/run On The Bank At Monte Dei Paschi As Weidmann States They Must Now Raise 9 Billion Euros Instead Of 5 Billion Euros/

harveyorganblog.com / by harveyorgan / December 27, 2016

Gold at (1:30 am est) $1137.30 UP $5.40

silver  at $15.93:  UP 23 cents

Access market prices:

Gold: $1139.00

Silver: $15.96

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning

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:

TUESDAY gold fix Shanghai

Shanghai morning fix Dec 27 (10:15 pm est last night): $  1161.18

NY ACCESS PRICE: $1137.50 (AT THE EXACT SAME TIME)/premium $23.68

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Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1161.28

NY ACCESS PRICE: $1139.50 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD 2ND FIX TODAY!!:  $21.78

China rejects NY pricing of gold  as a fraud/arbitrage will now commence fully

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London Fix: Dec 27: 5:30 am est:  $xxx.00   (NY: same time:  $xxx    5:30AM)

London Second fix Dec 27: 10 am est:  $XXXX (NY same time: $xxx    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 DEC 27/GOLD AND SILVER RISE/HUGE BOMBSHELL AGAIN AT TOSHIBA/CHINA FINALLY ADMITS THAT IT WILL NOT HIT ITS TARGETS: DOWN GOES COMMODITY PRICES/RUN ON THE BANK AT MONTE DEI PASCHI AS WEIDMANN STATES THEY MUST NOW RAISE 9 BILLION EUROS INSTEAD OF 5 BILLION EUROS/ appeared first on Silver For The People.