harveyorganblog.com / by
Gold:1344.30 down $5.10
Silver 19.76 down 29 cents
In the access market 5:15 pm
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON.
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 3 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 45 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 7 (10:15 pm est last night): $1352.07
NY ACCESS PRICE: $1349.21 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$1353.00
NY ACCESS PRICE: 1351.70 (AT THE EXACT SAME TIME)
London Fix: Sept 7: 3: am est: $1348.25 (NY: same time: $1351.05: 3 AM)
London Second fix Sept 7: 10 am est: $1348.25 (NY same time: $1349.63 , 10 AM)
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
For gold:The front September contract month we had 399 notices filed for 39900 oz
For silver: the month of September we have a total of 429 notices filed for 2,145,000 oz
Let us have a look at the data for today
The post SEPT 7/HUGE RISE IN SILVER INVENTORY (3.134 MILLION OZ ) INTO SLV/GOLD AND SILVER TAKE A LITTLE BREATHER BEING WHACKED A BIT BY OUR BANKER FRIENDS/THE FLASH BOYS (IEX) ARE TAKING ON THE BANKERS WITH THEIR BLOCK CHAIN TECHNOLOGY AS THEY ENTER THE GOLD MARKET TRYING TO STOP THE FRONT RUNNING AND SPOOFING/ appeared first on Silver For The People.