TRUMP IGNITES SPAT WITH CHINA ON THE ONE CHINA POLICY/CHINA SENDS A NUCLEAR BOMBER OVER THE SOUTH CHINA SEAS/MONTE DE PASCHI SCRAMBLES TO RAISE FUNDS IN ORDER TO AVOID A BAIL IN!
from Harvey Organ:
65% OF ALL ATM’S NON OPERATIONAL AS GOLDMAN SACHS STATES THAT THEY MAY GO TO A BARTER SYSTEM/SAUDI ARABIA PLEDGES MORE PRODUCTION CUTS/A DEAL ON THE NON OPEC PLAYERS TO CUT 600,000 BARRELS PER DAY/CLINTON CAMPAGIN CALLING FOR INTEL BRIEFING PRIOR TO ELECTORAL COLLEGE VOTE SENDING ALARM BELLS RINGING!
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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