AMOUNT STANDING FOR GOLD RISES TO OVER 5 TONNES FOR NOVEMBER/OFFSHORE YUAN CRASHES AGAIN TO OVER 6.855/SAUDI ARABIA WARNS TRUMP NOT TO BLOCK SAUDI IMPORTS OF OIL/GEORGE SOROS BACK INTO THE GOLD BUSINESS AS HE DOUBLES HIS STAKE IN BARRICK GOLD
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.
Please follow SGT Report on Twitter & help share the message.