TSXV:SLX.P - Post by User
Post by
bruchawon May 12, 2011 9:13am
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Post# 18564737
Hong Kong
Hong KongJust looked at the specs on the Hong Kong Mercantile Exchange gold contract. Lo and behold.... position limits... "10,000 contracts (gross long or short); the spot month position limitshall be effective from the first business day of the contract month." and reportable position "250 contracts (gross long or short) for each contract month". The trading hours will run from 8pm New York time until 12 noon the next day. Can't wait until they add a silver contract. I hope Gensler and the rest of non regulator regulators are kicking stones down the road on the way to the pogie line when Hong Kong becomes the standard. If and when they add a silver contract I anticipate it to be between 1500 and 2000 contracts (gross long or short) as silver has an OI of about a 5th of gold. The times they are a changin'. Would be interested to hear anyone else's perspective.
Cheers Bruchaw