A TINY 155,000 OZ OF SILVER LEAVES TO PAY FOR FEES/ HUGE WITHDRAWAL = GOLD DEMAND AMOUNTING TO 28.65 TONNES OF PHYSICAL GOLD FROM THE SGANGHAI GOLD EXCHANGE YESTERDAY (ONE DAY’S DEMAND)/GOLD AND SILVER REBOUND
from Harvey Organ:
THE ALL IMPORTANT ITALIAN REFERENDUM IS ON SUNDAY/DEUTSCHE BANK CUTTONG OF 3400 CLIENTS???/WHAT IS GOING ON HERE?/TURKISH LIRA DROPS TO 3.6 TO ONE USA DOLLAR: ERDOGAN TELLS HIS PEOPLE TO BUY GOLD/ IN THE USA: AWFUL JOBS REPORT: MANY STORIES TONIGHT. 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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