Re: China to start trading gold futures...
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TODAY'S DISCOVERY, TOMORROW'S FUTURE
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Message: Re: China to start trading gold futures...
MZ.
I posted this on the 2 JULY..
Pay attention..!!
Or go stand in the corner...!!
LOL
Chinese Trading Futures in gold
Posted by: Portee44 on July 02, 2008 08:18PM
This is as good a reason as any to stay in KXL..
Chinese demand is hot and with the Gold Futures now trading on the Hong Kong markets we will see an on going rise as the Chinese markets mature..
So you want to be stocked up good on gold as the trading date approaches as it will spike early as Chinese traders jump in....
Ohhhhhh...Greed,....
I love me.....!!
Get ready for this..Hang on to your KXL..Good things coming..
Here is a key statement
Hong Kong Futures Exchange said Wednesday it will reintroduce gold futures trading on its futures exchange starting October 20.
ASIA MARKETS
Hong Kong to reintroduce gold futures trading
NEW YORK (MarketWatch) - In a response to growing local and international interest in gold trading, the Hong Kong Futures Exchange said Wednesday it will reintroduce gold futures trading on its futures exchange starting October 20.
The long talked-about move by Hong Kong regulators follows the decision by the Shanghai Futures Exchange, one of China's major futures trading venues, to introduce gold futures trading earlier this year.
"It's not necessary a knee-jerk reaction to high gold prices, but a question of pride ultimately," said Jon Nadler, a senior analyst at Kitco Bullion Dealers.
"Hong Kong hopes to capture some of the pie from rising demand," he said. "I think they should do okay since many of the established players are already in Hong Kong. And after all, commodity-based trading is the fashion of the day."
On Wednesday, gold for August delivery tacked on $2 to close at $946.50 an ounce on the New York Mercantile Exchange Wednesday, marking its highest closing level since mid-April.
On the equities side, the SPDR Gold Trust (GLD:
spdr gold trust gold shs
Last: 93.17+0.51+0.55%
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