Jan 31/Gold and Silver Rise Despite This Being the Last Day for Options Expiry in London

Jan 31/gold And Silver Rise Despite This Being The Last Day For Options Expiry In London

/gold Up $17.40 And Silver Up 39 Cents/

an Awful Day For Italian Banks; Unicredit Posts A Huge 11 Billion Euro Loss And Needs To Raise 13 Billion Euros/has A Huge Portfolio Of Non Performing Loans/

trump Accuses China, Japan Of Manipulation And Accuses Germany Of Harvesting A Lower Euro: All Of Which Are Hurting Usa Interests/

france’s Leading Contender For President Endures A Police Raid At His Office/house/

”war” Breaks Out In The Usa Senate As All Democrats Do Not Show Up For A Vote And Thus Delaying The Appointment Of 3 Of Trumps Key Cabinet: Price, Mnuchin And Sessions/

trump Fires Acting Attorney General/

Trump Fires Head Of Usa Customs And Immigration/trump’s Next Executive Order Is To Tackle Benefits Of Illegal Immigrants/

final Draft

~~~~~

harveyorganblog.com / by harveyorgan / January 31, 2017

Gold at (1:30 am est) $1210.60 UP    $17.40

silver  at $17.51:  up 39 cents

Access market prices:

Gold: $1210.65

Silver: $17.56

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:

MONDAY gold fix Shanghai

Shanghai FIRST morning fix Jan 31/17 (10:15 pm est last night): $  holiday

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

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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

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

   SPREAD/ 2ND FIX TODAY!!:  $xxx

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

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London FIRST Fix: Jan 31/2017: 5:30 am est:  $1198.80   (NY: same time:  $1198.80   (5:30AM)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Second fix Jan 31.2017: 10 am est:  $1212.80 (NY same time: $1212.85  (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 JAN 31/GOLD AND SILVER RISE DESPITE THIS BEING THE LAST DAY FOR OPTIONS EXPIRY IN LONDON/ appeared first on Silver For The People.