Banro Corp. fka BAA

[IVRT]

It will be interesting to see where gold goes, and how the share price of BAA will react to gold going much higher. The latest on gold price trend direction can be seen in the difference between Shanghai and New York spot gold fixes. China is keeping their fix ahead, of western gold fixes, and seems to be consistently moving gold's price slowly higher. As can be seen here:

Shanghai SECOND afternoon fix: 2: 15 am est (second fix/early morning):$ 1212.75

NY ACCESS PRICE: $1195.20 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD 2ND FIX TODAY!!: $17.55

China can pick up gold metal by the business of arbitrage. This could theoretically drain the Comex dry. This could lead to damaging western central banking operations as gold goes higher and Chinese fiat currency strengthens.

Also anecdotal evidence, of this playing out can be found in this article:

http://kingworldnews.com/john-hathaway-china-preparing-to-radically-reprice-gold-higher/

This move up in gold could be very positive to anyone producing gold. Certainly mining companies producing 10's of thousands of ounces, of gold a year like BAA. All imho of course.