MORE ON THE EVIDENCE FILED IN SILVER RIGGING CASE/HUGE SPREAD OF 28 DOLLARS ON THE SHANGHAI FIX VS NY PRICING/THE ECB REJECTS GIVING MONTE DE PASCHI MORE TIME/GERMANY’S BUBA CHIEF TOTALLY AGAINST ECB DECISION OF MORE QE
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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