The silver bullet to the head of CRIMEX and LMBA and other assorted manipulators is arbitrage.
As reported in the comments section of the following.
https://www.zerohedge.com/markets/von-greyerz-there-going-be-new-world-disorder3 hours agoRussia is now buying gold at RUB5,000 per gram. This morning the Ruble was trading at 76.54=$1... RUB5,000 was thus $65.32. According to *****, the London price of gold was $62 per gram... approx 5% lower.
Just thought I would mention it....
3 hours agotks
Premium1 hour agoYes. Gold is trading today in Russia at $2031.64.
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I suspect the Indians would love a thousand dollar per ozt arbitrage, who wouldn't?
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