Shanghai is paying a 3.6% premium for gold over New York right now. This spread has been blowing out over the past couple of weeks and is now larger than ever.
Shanghai 11/30/16 AM gold fix = $1,213.66
New York 11/30/16 current price = $1,171.10
A $42.56 difference.
http://www.kitco.com/
http://www.kitco.com/shanghai-gold-fix/
http://didthesystemcollapse.com/
COMEX is risking becoming irrelevant to the gold market with this level of suppression. What miner is going to sell gold to the COMEX when it could make substantially more selling to Shanghai?
Two gold markets?
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Last
$15.90 |
Change
-0.230(1.43%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.23 | $15.89 | $28.19M | 1.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 21 | 9551 | $15.89 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.90 | 1600 | 10 |
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