AUGUST 31

Gold:1306.90 down $4.80
Silver 18.62 up 4 cents
In the access market 5:15 pm
Gold: 1309.10
Silver: 18.66
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:
First the Shanghai fix August 31
Shanghai morning fix (10:15 pm est last night)
$1319.72 (price in NY on access at the exact same time: $1310.94)
Shanghai afternoon fix: 2: 15 am est (second fix/early this morning)
$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.

This post was published at Harvey Organ Blog on August 31, 2016.