Loading ...I’ll check out Bullion Star. If Shanghai is $86 then it would seem the arbitrage game would be back on and buyers in Crimex will take delivery and send the metal east to benefit from the $11 spread.
This is just a brute force paper take down and it will fail. It seems they are either buying or covering down in the $74 area.
Unless Shanghai physical comes down, this correction should be short-lived.