Replies to post #34665 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[the cork]

Hate to pop the bag, but Shanghai Gold was 1313.88 - 1315.40 per ounce Thursday, so your theory of : "Chinese will smack it down hard tonight again..."Goldman Sachs I mean"

Doesn't hold water.

(Special thanks to bullforever on the Banro Board)

But from Shanghai gold exchange, international board link, http://www.sge.com.cn/upload/resources/image/2014/09/19/28873.png

you can see that gold was sold between 259.6 and 259.9 yuan/gram 09/18/2014.

if you convert them by using its gold converter http://www.sge.com.cn/

we get Shanghai gold exchange sold gold between $1313.88 and $1315.4/ounce.

That means a difference of $90~$100/ounce and that was just the first day.