Re: Gold Futures start trading tonight on the Shanghai (China) exchange

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ebear

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Re: Gold Futures start trading tonight on the Shanghai (China) exchange

in response to

Gold Futures start trading tonight on the Shanghai (China) exchange

Been There

posted on Jan 08, 2008 09:18AM

With gold surging to record highs adding the Chinese to gold future trading is like throwing gas on a fire. The Chinese start trading gold tomorrow (January 9) on the Shanghai exchange. Thats about 9 pm EST tonight for those living in North America. The 209.99 RMB/Gram starting price referred to in the article converts to a $899USD opening bid. Some of todays trading is being seen as pre-Shanghai trading activity.

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"Now is a good time to sign contracts, as international metal prices are at record highs, according to Espinosa. He estimates that the international price of gold won’t exceed US $850 per ounce in the next three years."

Would somebody hand this guy a towel so he can wipe the egg off his face?

ebear

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