Followers | 4 |
Posts | 371 |
Boards Moderated | 0 |
Alias Born | 05/10/2014 |
Wednesday, September 17, 2014 11:44:34 AM
"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/
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM