from Harvey Organ:
SCOTIA MUST GO FIRST IN SUPPLYING EMAILS ON GOLD/SILVER MANIPULATION CASE/DEUTSCHE BANK RAISES ANOTHER 1.5 BILLION DOLLARS IN BOND ISSUE AT 4.25% (AT JUNK)/BRITISH GILTS (BONDS) PLUMMET ON REALITY OF THE BREXIT/FED MINUTES SHOWS THAT THEY ARE VERY WORRIED ABOUT THEIR CREDIBILITY AND THEY SHOULD BE!
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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