GREY:VITFF - Post by User
Post by
willibrichon Apr 21, 2016 12:47pm
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Post# 24794434
Shanghai gold market allready having an effect
Shanghai gold market allready having an effect
At the start of this week , a new gold trading market was opened in Shanghai by the Chinese. This market has 230 registered traders. It is a true free market. Free of the paper gold market manipulation of the large bullion banks. There are presently 300 oz. of paper gold sold forward in futures contracts for every one oz. of physical bullion theoretically available. This morning's gold price action showed gold up in Shanghai, as high as 1271.70 per oz. Then the price crashed when New York opened. This is no coincidence. The bullion banks will soon lose control and then things will become '' verrry interesting "