BeaconEquity.com: Silver Trades “astounding $2.48 premium” to COMEX
Shanghai traders suddenly have become rabid buyers of silver, said an anonymous King World New (KWN) trader out of London, taking the price in Shanghai to a mind-blowing 6% premium to the COMEX, yesterday. “China is trading gold at a $17 premium today vs COMEX futures,” Anonymous told KWN’s Eric King. “Silver is trading at a premium of $2.48 vs futures price (COMEX).” What does that ultimately mean to silver bugs? The game of contracting to buy physical silver in Shanghai after New York’s routine price pounding with naked shorts has trapped the manipulators into systematically booking bigger and bigger…