About Feb 3 - For 3rd Straight Day, Both Gold and Silver Amounts Standing Increase Per Day/

About Feb 3 – For 3rd Straight Day, Both Gold And Silver Amounts Standing Increase Per Day/

Gold and Silver Advance Today With An Upside Outside Day Reversal/

Deutsche Bank To Slash More Jobs As Trading In Fixed Income Falls Again Due To Negative Interest Rates/

The Big Story Of The Day: Jpmorgan Must Undergo Discoveries As Appeals Court Overturns A Private Silver Rigging Case Against Them/

Jobs Report Today Shows Increase In Jobs But Poor Growth In Earnings: The Poor Result Sends Dow Etc Skyrocketing/

Final Draft Now Released

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harveyorganblog.com / by harveyorgan / February 3, 2017

Gold at (1:30 am est) $1218.50 UP    $1.80

silver  at $17.45:  up 5  cents

Access market prices:

Gold: $1220.50

Silver: $17.51

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:

FRIDAY gold fix Shanghai
Shanghai FIRST morning fix Feb 3/17 (10:15 pm est last night): $  1216.88

NY ACCESS PRICE: $1214.45 (AT THE EXACT SAME TIME)/premium $2.43

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Shanghai SECOND afternoon fix:  2: 15 am est (second fix/early  morning):$   1216.88

NY ACCESS PRICE: $1213.90 (AT THE EXACT SAME TIME/2:15 am)

   SPREAD/ 2ND FIX TODAY!!:  $2.98

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

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London FIRST Fix: Feb3/2017: 5:30 am est:  $1213.05   (NY: same time:  $1213.30   (5:30AM)

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London Second fix Feb 3.2017: 10 am est:  $1215.20 (NY same time: $1215.40  (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.

end

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The post ABOUT FEB 3/FOR 3RD STRAIGHT DAY , BOTH GOLD AND SILVER AMOUNTS STANDING INCREASE PER DAY/GOLD AND SILVER ADVANCE TODAY WITH AN UPSIDE OUTSIDE DAY REVERSAL/DEUTSCHE BANK TO SLASH MORE JOBS AS TRADING IN FIXED INCOME FALLS AGAIN DUE TO NEGATIVE INTEREST RATES/THE BIG STORY OF THE DAY: JPMORGAN MUST UNDERGO DISCOVERIES AS APPEALS COURT OVERTURNS A PRIVATE SILVER RIGGING CASE AGAINST THEM/JOBS REPORT TODAY SHOWS INCREASE IN JOBS BUT POOR GROWTH IN EARNINGS: THE POOR RESULT SENDS DOW ETC SKYROCKETING/FINAL DRAFT NOW RELEASED appeared first on Silver For The People.