Take a look at the Shanghai fix. Their early morning fix (our late at night time zone) saw the fix at $1319.72. The exact NY price at the time was 1310.94 for a difference of almost 9 dollars!
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…
GLD WITHDRAWS 13.36 TONNES FROM ITS VAULTS YET SLV ADDS 1.899 MILLION OZ: VERY STRANGE/CROOKED BANKERS SELL MASSIVE 5 BILLION DOLLARS WORTH OF NAKED GOLD SHORTS TO DRIVE THE PRICE DOWN TODAY/CHINA SURPRISES EVERYONE BY DEVALUING ITS CURRENCY AHEAD OF G/20. HANJIN, THE 7TH LARGEST SHIPPING COMPANY IN THE WORLD DECLARES BANKRUPTCY AND FREEZES GOODS AT VARIOUS PORTS/BRAZIL’S ROUSSEFF IMPEACHED/CHICAGO MANUFACTURING FED INDEX FALLS AGAIN FOR SECOND STAIGHT MONTH
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 2 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds within 15 minutes of London’s fix.
And now the fix recordings:The fix for London is at 2 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds within 15 minutes of London’s fix.
$1315.99 (New York price at the same time: $1313.30)
The two London fixes:
Aug 31 2016 am:$1314.45 (2 am est)
pm:$1309.25 (10 am est)
Take a look at the Shanghai fix. Their early morning fix (our late at night time zone) saw the fix at $1319.72. The exact NY price at the time was 1310.94 for a difference of almost 9 dollars.
The second fix has: Shanghai at 1315.99 with NY at 1313.30 an the exact same time/the London fix came in at 1314.45 with timing 15 minutes later
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
Trading in gold this morning:
the crooks dumped 5 billion gold onto the marketSomeone Just Dumped Almost $5 Billion Notional Gold Into The Futures Market
Gold futures are near the psychologically important $1300 once again as someone decided this morning was the perfect time to dump $4.7 billion notional gold into the futures markets…Gold is back to Brexit day levels… as thedollar gains (amid EM outflows thanks to South Africa among other things)
Testing towards its 100-day moving average support at $1304
Silver is less affected for now…
end
For the Sept. contract month we had a huge 1773 notices filed for 177300 oz or 5.514 tonnes.
In silver we had 0 notice served upon for nil oz for August. The total number of notices filed so far this month: 506 for 2,530,000 oz. The amount standing in silver: 2,530,000 oz
For the month of September we had a total of only 257 notices filed for 1,285,000 oz
Let us have a look at the data for today
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In silver, the total open interest FELL
BY 1,295 contracts DOWN to 189,416. The open interest again fell as
THE SILVER PRICE WAS down 18 CENTS IN YESTERDAY’S TRADING .In
ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e.
.947 BILLION TO BE EXACT or 135% of annual global silver production (ex
Russia &ex China). the crooks are doing a great job fleecing
unsuspecting longsIn silver we had 257 notice served upon for 1,285,000 oz
In gold, the total comex gold fell by only 645 contracts despite the fact that the price of gold FELL BY $10.90 yesterday . The total gold OI stands at 558,398 contracts
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GLD
we had a huge withdrawal today at the GLD to the tune of 13.36 tonnes of gold
I would bet that this was a paper withdrawal and not real gold
SLV
we had a huge deposit at the SLV to the tune of 1.899 million oz, / THE SLV Inventory rests at: 359.743million oz
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