Friday, July 22, 2011
Why China’s new futures market is bullish for long-term silver prices
BY Keith FITZ-GERALD:
"If you’re still bearish on long-term silver prices, you’d better reconsider your stance:
Dollar-denominated CHINESE silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today (Friday). This development will grant Asian investors direct access to the metal, and will BLUNT the U.S. dominance in silver-bullion trading. It’s also highly bullish for long-term silver prices. – Let me explain …
A New CATALYST for Silver Prices: The Hong Kong Merc’s entry into the silver-futures market is a GAME-Changer – for a number of reasons. For one thing, the emergence of a new market player will effectively NEUTER [=neutralisieren, ausschalten] U.S. elitists like those at the Chicago Mercantile Exchange (CME).
I specifically mention the CME because that exchange UNILATERALLY [=einseitig] raised margin requirements on silver by nearly 100% in a mere eight days this spring – after silver prices had roughly 150% between late August and the end of April. The CME action helped cause silver prices to plunge by 30% from its recent highs...
Longer-term – and probably even more significantly – this move will HELP investors in CHINA and INDIA buy into bullion. In fact, this will be the FIRST time CHINESE (and many Asians in the surrounding markets) can purchase silver-futures contracts and,
by implication, take DELIVERY. Historically, investors in those markets had to purchase
CME-based contracts that are standardized and traded through the Hong Kong Futures Exchange – in ACCORDANCE with the Chicago-based CME [und genau das wird ja jetzt ANDERS]"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
cnbusinessnews.com/...t-is-bullish-for-long-term-silver-prices
Why China’s new futures market is bullish for long-term silver prices
BY Keith FITZ-GERALD:
"If you’re still bearish on long-term silver prices, you’d better reconsider your stance:
Dollar-denominated CHINESE silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today (Friday). This development will grant Asian investors direct access to the metal, and will BLUNT the U.S. dominance in silver-bullion trading. It’s also highly bullish for long-term silver prices. – Let me explain …
A New CATALYST for Silver Prices: The Hong Kong Merc’s entry into the silver-futures market is a GAME-Changer – for a number of reasons. For one thing, the emergence of a new market player will effectively NEUTER [=neutralisieren, ausschalten] U.S. elitists like those at the Chicago Mercantile Exchange (CME).
I specifically mention the CME because that exchange UNILATERALLY [=einseitig] raised margin requirements on silver by nearly 100% in a mere eight days this spring – after silver prices had roughly 150% between late August and the end of April. The CME action helped cause silver prices to plunge by 30% from its recent highs...
Longer-term – and probably even more significantly – this move will HELP investors in CHINA and INDIA buy into bullion. In fact, this will be the FIRST time CHINESE (and many Asians in the surrounding markets) can purchase silver-futures contracts and,
by implication, take DELIVERY. Historically, investors in those markets had to purchase
CME-based contracts that are standardized and traded through the Hong Kong Futures Exchange – in ACCORDANCE with the Chicago-based CME [und genau das wird ja jetzt ANDERS]"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
cnbusinessnews.com/...t-is-bullish-for-long-term-silver-prices
Gold kauft den Wagen; Silber füttert die Pferde & füllt Dir den Tank...