from Harvey Organ:
DEUTSCHE BANK IN TROUBLE AGAIN AS CREDIT DEFAULT SWAPS RISE TO RECORD LEVELS/GERMAN GOVERNMENT RUMOURED TO BE CONTEMPLATING A RESCUE/EVEN SOVEREIGN TURKEY THINKS THEY CAN BUY DB WITHOUT THOSE NASTY DERIVATIVES/FINANCIAL TURMOIL INSIDE SAUDI ARABIA/ USA SENATE OVERTURNS OBAMA VETO AND EMBARRASSES THE PRESIDENT/WILL SAUDI CASH IN THEIR 700 BILLION USA OF TREASURIES?CALIFORNIA “MURDERS” WELLS FARGO FOR THEIR CRIMINAL ACTIVITY!!!
… 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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