China Gold Exchange Launches Tomorrow
September 17, 2014 By JC Collins
This site has attracted some of the most intelligent readers
on the internet. Most of them relentlessly search for updated information
and confirmation of the probabilities which we discuss here.
When stories break I’m usually provided a link well before I
find it myself or other blogs pick up the story and run with it.
One reader who has been with me from the beginning, deejj87,
sent me a link last night from Reuters stating that China has advanced the
launch of the renminbi denominated Gold Exchange by 11 days.
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Picture
Also for your convenience it will be in full at the at
the end of this post
As of this morning no other blogs are running this story
which I find interesting considering the sense of urgency that is usually given
to other stories. It’s almost as if the sudden date change by China was
not expected by the pre-planning and story writing departments of many
so-called alternative media sources.
It’s these little gaps in manufactured storytelling which
can both betray and relay more information about intent and purpose than a
thousand contrived angles.
In the Reuters story we also learn that the Singapore
exchange has been delayed. This two prong adjustment has likely thrown a
curve ball and we can expect a cause and effect scenario to play out over the next
few days.
What this means is that sudden shifts like these are usually
followed by other sudden and dramatic reactions to counter whatever advantage
was to be gleaned from the initial change.
Going back to the original story we learn the following:
The change was made based on the availability of some
government officials to participate in the launch event, one of the sources
said, adding that all 11 physical gold contracts will begin trading on
Thursday.
The ability to bring forward the launch, which will mark the
first time foreign players will be allowed to participate directly in China’s
physical gold market – the biggest in the world, shows the country’s
preparedness with the exchange that it is hoping will become the center of
Asian gold trading.
The first thing I notice here is that the foreign offering
of the 11 renminbi denominated gold contracts has been moved up by 11 days.
And of course this is taking place in the 9th month of the year.
Since I’m both bored and distracted easily I can’t help but
reference back to the numerical importance of 9’s and 11’s as discussed in the
post Three Days to the Falling Man.
Anyway, moving on from occult numerology it is important to
remember that things are in motion and even more so on what may appear to be a
slow news day.
Let us be vigilant in watching for acts of desperation.
And don’t forget to notice the masonic pillars outside the Shanghai Gold
Exchange. – JC
P.S. – British Columbia, Canada was the first foreign
government to issue renminbi denominated bonds, not the UK. Just saying.
China Advances Gold Exchange Launch, Singapore Delays
Contract
(Reuters) - China will launch its international gold
exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in
the scramble to set up an Asian bullion benchmark as rival Singapore is forced
to delay its gold contract due to technical issues.
Asia, home to the world's top two gold buyers - China and
India, has been clamoring to gain pricing power over the metal and challenge
the dominance of London and New York in trading.
The state-run Shanghai Gold Exchange (SGE) will launch the
global gold bourse in the Shanghai free-trade zone on Thursday, two sources
familiar with the matter told Reuters. The SGE had initially planned the launch
for Sept. 29.
The change was made based on the availability of some
government officials to participate in the launch event, one of the sources
said, adding that all 11 physical gold contracts will begin trading on
Thursday.
The ability to bring forward the launch, which will mark the
first time foreign players will be allowed to participate directly in China's
physical gold market - the biggest in the world, shows the country's
preparedness with the exchange that it is hoping will become the center of
Asian gold trading.
The response has been strong, with the bourse exceeding
expectations in signing up trading members, Reuters reported earlier.
Meanwhile, Singapore has delayed the launch of its gold
contract to October, two other sources said. The 25 kg contract was set to be
launched on the Singapore Exchange this month. The delay was due to some
technical issues in setting up the trading system, the sources said.
Officials at the Singapore Exchange and SGE were not
immediately available for comment.
CME Group will launch a physically deliverable contract in
Hong Kong later this year, while Dubai is also preparing to launch a contract.
Thailand is also considering setting up a spot gold exchange.
(Editing by Himani Sarkar)
