Shanghai PM vs western prices1 Feb 2026 10:32
After Fridays ‘hiccup’ in the western world I noticed Shanghai exchange prices are hugely higher, I suspect there will/must be a recovery in prices in PM due all the factors highlighted around global debt, FIAT etc, nothing else makes sense, i do not expect all the losses will be made up overnight, but over many sessions, gold and silver will recover.
Meanwhile we have an MRE, El P lab results numerous, Pepas north etc etc.
I am hoping for some detail from the BOD re the MRE and how fast they plan to move forward into PRODUCTION.
Lots of catalysts for the SP to move north, lots of us were happy when gold price was $3500, it will move back above $5,000 over the next days and weeks, in a more sustainable manner.
DYOR/DD
GLA
See you Monday, Tuesday for a RNS.