Replies to post #34683 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Sparks111111]

Forget the converter, just look on the site, the price is 240.6

NO way in hell it's 100$ more...impossible.

Au(T+D) 240.6

Show me a link where the spot price is 259...then I'll believe it.

[nagoya1]

Thanks Cork, I think we need more eyes to confirm the $100 difference.
Should it be the case, hmmm.

http://www.sge.com.cn/upload/resources/image/2014/09/19/28873.png
http://www.en.sge.com.cn/datas/sgeprice-daily/520374.shtml

Shanghai Gold Price (September 19, 2014)
2014-09-19 ?Type size L M S?
Variety Open High Low Close Up/Down(yuan) Weighted Average Price Volume(Kg) Amount(yuan) Open Interest Direction Delivery Volume
Au9995 242.10 242.65 241.50 242.18 -0.22 242.19 4,772 1,155,755,040.00
Au9999 242.00 243.49 241.50 242.01 -0.32 242.15 20,362.56 4,930,922,521.40
Au100g 243.00 243.97 242.00 243.10 0.1 242.99 141.2 34,310,436.00
Au(T+D) 241.60 243.34 241.12 242.07 -1.11 242.14 50,734 12,284,884,580.00 173,604 Long to Short 6,046
mAu(T+D) 241.33 243.27 241.33 242.14 -0.93 242.22 3,670.40 889,052,092.00 152,026 Long to Short 9,436
Pt9995 279.50 282.00 279.50 281.00 1 281.12 242 68,033,000.00
iAu100g 259.90 259.90 240.10 243.97 -1.31 253.26 2.4 607,832.00
iAu995 259.60 259.99 259.60 259.75 14.47 259.75 125 32,469,500.00
iAu9999 259.80 259.80 231.00 242.22 -3.06 243.24 116.04 28,225,981.20
Ag99.99 4150 4158 4120 4150 -18 4150 3,630 15,067,260.00 242
Ag(T+D) 4090 4140 4086 4122 5 4112 1,320,182 5,429,633,494.00 5,266,474 Short to Long

The SGE isn't as clear with the numbers as I would have liked, I don't know if this was intentional.
The link of the picture that BULLFOREVER posted has those 259 yuan amounts.

Looking at the quotes right now, they're all between 240 and 243. Hmm, kinda of strange.

[nagoya1]

Cork what do you think of this

Notification on Benchmark Listing Prices and Price Limits for International Board Products on the Listing Day
2014-09-19 ?Type size L M S?
All Members,

To ensure safe listing of International Board products (iAu99.5, iAu99.99, iAu100g), the benchmark listing price for the new products are identically 245.28 RMB/gram, as the basis for setting the limit prices applicable on the first trading day. Price limits are set temporarily as 6% and return to the regular level of 30% since the next trading day.


Shanghai Gold Exchange

September 18, 2014

The 6% mentioned here is the difference, imo.