WE HAD 11.87 TONNES OF GOLD WITHDRAWN FROM GLD AND PRICE RISES??/ REG HOWE’S HUGE PAPER ON TRUMP MAYBE ESPOUSING SOUND MONEY AND A POSSIBLE GOLD STANDARD/ RUSSIA ADDS 40.4 TONNES TO ITS OFFICIAL RESERVES DESPITE LOW OIL PRICES/RENZI’S YES SIDE LOSING BADLY IN ITALY IN LATEST REFERENDUM POLL/DALLAS PENSION MAY MAY HAVE TO DECLARE BANKRUPTCY
from Harvey Organ:
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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