Caledonia Mining Corporation (CMCL)

[NYBob]

Dr. Paul Craig Roberts-A Real Collapse in the Dollar, Gold Could Be $30,000 an Ounce -

Mass Economic Collapse explained
by Paul Craig Roberts, Ph.D. videos..

When it comes to war in Syria,
economist Dr. Paul Craig Roberts says,
This time the big lie didn't work like it did in Iraq.
On fallout of a possible Syria. .

http://www.youtube.com/watch?v=gK8AFf0_8Kg

Singapore to launch gold contract as Asia eyes price alternatives -
Tue Jun 24, 2014 7:40am EDT
By A. Ananthalakshmi
SINGAPORE, June 24 (Reuters) -

Singapore is set to announce the launch of a gold futures contract
on Wednesday, two sources familiar with the matter said, joining a
race in Asia to provide a viable alternative to the metal's
global benchmark which is under regulatory scrutiny.

The physically settled contract will trade on the Singapore Exchange.
This and other planned contracts in Hong Kong and China could cut
Asian reliance on gold's spot price benchmark in London and
futures bellwether in New York.

"Having a local price for local markets ensures that markets are
more efficient and that the price accurately reflects where the
metal is locally trading," said Ruth Crowell, chief executive of
industry group London Bullion Market Association.

"As more markets develop, local prices for precious metals will
become more tailored."

The Singapore Exchange did not respond to phone calls or an email
seeking comment.

The price benchmark for gold is the so-called London 'fix',
determined by a group of four banks over a teleconference.
The process has drawn attention recently, after regulators in
Europe and the United States started to probe benchmarks in
several markets following the Libor manipulation case in 2012.

China and India account for more than half of global gold
consumption but Asia still largely relies on the London fix for
reference.
The fix is set twice daily, at 1030 and 1500 London time -
both much after Asian markets close.

Asia's fast-growing consumption of gold in recent years and
ambitions by countries such as China and Singapore to be trading
hubs have led them to explore providing benchmarks.
The recent scrutiny of the London fix and accusations of
manipulation have accelerated the process in Asia.

China, the world's biggest producer and consumer of gold, is set
to launch three physical gold contracts in an upcoming
international exchange in Shanghai's pilot free trade zone.
It is also looking to launch gold derivatives later.

CME Group Inc, the world's No.1 futures exchange, plans to launch a
physically deliverable gold futures contract in Asia, most likely
in Hong Kong, sources familiar with the matter told Reuters in
April.

UPHILL TASK

While the Asian contracts may help set local benchmarks, their
influence in global markets may be quite limited unless they can
garner enough liquidity to match or overtake trading volumes in
London and New York.

CME's COMEX gold contract is the most-traded bullion futures
contract with 2013 volumes nearly four times higher than
the second-biggest gold contract, on
the Shanghai Futures Exchange, according to Thomson Reuters GFMS.

Liquidity in Asia has been a problem, with
the Hong Kong Mercantile Exchange -
which used to trade gold and silver futures -
shutting down last year, partly because of low volumes.
Regulators later found suspected irregularities in
the firm's operations.

In 2010, the Singapore Exchange launched a gold contract but
later pulled it on weak investor appetite.

"If you need a price discovery function, then COMEX serves us
pretty well," said Yuichi Ikemizu, branch manager
for Standard Bank in Tokyo.
"The fact is the liquidity is there and not in the local
exchanges."

China has the best chance among Asian nations of having an impact
on global gold pricing as it already has well-established
physical and futures markets though it still needs to open up
the markets to foreign players, say traders.

"As the Chinese market becomes bigger and it opens up to foreign players some more, it might end up completing the troika with London and New York," said one trader in Hong Kong. (Editing by Muralikumar Anantharaman)

http://www.reuters.com/article/2014/06/24/gold-asia-pricing-idUSL4N0P42BW20140624

Jim Sinclair: Russia Can Collapse US Economy, Gold Update, Silver is Gold on Steroids & More -

http://www.youtube.com/watch?v=KXGPzDq45gM

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103668642

http://www.youtube.com/watch?v=TBPQuNsY-Kc#t=20

Caledonia Mining Corporation (CALVF) June Presentation -

http://www.proactiveinvestors.co.uk/genera/files/companies/presentation_caledonia_june_2014_final.pdf

http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-with-caledonia-mining

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103222860


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