InvestorsHub Logo
Followers 36
Posts 1367
Boards Moderated 0
Alias Born 01/17/2004

Re: nrcmedia post# 44832

Sunday, 03/23/2014 2:02:47 AM

Sunday, March 23, 2014 2:02:47 AM

Post# of 72908
nrcmedia..... I posted this article exactly one month ago.... what is Fanya Metal Exchange? and what can do to metal prices?... well, read it and come to your own conclusion... smile
From my month old post....
Very interesting development concerning Antimony..... this is what I call very good news...
I have been investing for over 25 years and I know this for sure.... anytime new commodity starts trading on any Stock Exchange prices immediately going way up due to speculations, until now we can't trade Antimony contracts but....
"The Fanya Metal Exchange is planning to launch an antimony contract as it builds its suite of products in the minor metals market, an official told Metal Bulletin...... One source said the antimony contract would be launched within the next few months, but the exchange will not confirm the exact timing of the antimony listing.
And this is a good part...
In some cases, investor demand on the Fanya exchange has driven up minor metal prices, in particular for indium, where prices are creeping towards $800 per kg, and more recently in the bismuth market.
"Looking at the other metals, there seems to be quite an upwards momentum when they are listed. Whether that will happen with antimony is difficult to say, but the exchange seems to add more liquidity to the markets," a trader said.
Others predicted that the listing would push antimony prices up, as it would give suppliers an alternative buyer to consumers.
Guys and Girls.... get ready for a MAJOR rise in Antimony price and with that MAJOR PPS spike for all Antimony producers..... This is FANTASTIC news for those who are long here, keep buying and accumulate. ... IMHO. Cheers
http://www.metalbulletin.com/Article/3311215/Channel/195220/Fanya-Exchange-to-add-antimony-listing.html

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.