Tonogold Resources Inc (TNGL)

[joeblow110percent]

China Advances Gold Exchange Launch

"China will launch its international gold exchange 11 days ahead of schedule, …, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues."

"Asia, home to the world's top two gold buyers – China and India, has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading.
The state-run Shanghai Gold Exchange (SGE) will launch the global gold bourse in the Shanghai free-trade zone on Thursday, two sources familiar with the matter told Reuters. The SGE had initially planned the launch for Sept. 29."

"The ability to bring forward the launch, which will mark the first time foreign players will be allowed to participate directly in China's physical gold market - the biggest in the world, shows the country's preparedness with the exchange that it is hoping will become the centre of Asian gold trading."

"The response has been strong, with the bourse exceeding expectations in signing up trading members, Reuters reported earlier."

"CME Group will launch a physically deliverable contract in Hong Kong later this year, while Dubai is also preparing to launch a contract. Thailand is also considering setting up a spot gold exchange. (Editing by Himani Sarkar)"

http://www.reuters.com/article/2014/09/16/china-gold-contract-idUSL3N0RH1YE20140916



My Latest Greatest Top 10 on Tonogold for Sept 2014:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105569379

This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.

http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/