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Gold/Mining/Energy : KITCO - Gold discussion
GLD 387.19-0.7%Dec 2 4:00 PM EST
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From: Charley Z6/8/2016 9:17:40 AM
   of 989
 
Watch the Comex and Shanghai metal prices simultaneously. I can envision how the markets feed off each other, and if the Shanghai Exchange keeps their premium pricing plan going, and I think they will, we simply must go up from here. Every day we are flies on the wall of an auction, with bidders on opposite sides of the room.

At this moment, at which time the Shanghai Exchange is closed, the Comex Gold price has surpassed yesterday's Shanghai close. In a few hours Shanghai will have an opportunity to outbid the Comex.

If Comex does not continue to raise the bid for Gold, Gold will "flow out" of the Comex. Yes I know that the Comex is basically a price discovery mechanism rather than a physical market. Well, I think the Comex will soon be "discovered," all right. Physical "rules."

Charley Z
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reference:
didthesystemcollapse.com
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