by California Lawyer, TF Metals Report:
It is so obvious, and so apparent, that I wonder why commentators have only now seen fit to say something.
“It” of course, being the prounoun referencing the gold spread and the insane, short-term profits the Wall Street Banks have been reaping right before our eyes. Let’s talk about it.
From Wikipedia: Arbitrage:
“In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.”
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