Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Totter on for centuries in steel-ettos: Shoes made out of metal and silver are guaranteed to last for 1,000 years | Main | Global solar dominance in sight as science trumps fossil fuels »
Sunday
Apr272014

Hong Kong and Shanghai exchanges plan gold and silver alliance

Cities' gold and silver exchanges to start talks on deal for tie-up, allowing mainland bourse access to international market through Hong Kong

The Chinese Gold and Silver Exchange Society will soon kick off talks with the Shanghai Gold Exchange for a potential alliance, the president of the local gold bourse told the South China Morning Post.

This will mark another potential tie-up of the mainland and Hong Kong financial markets.

Chinese Gold and Silver Exchange Society president Haywood Cheung Tak-hay told the Post in an exclusive interview that his exchange would start talks in the next two months with the top executives of Shanghai Gold Exchange about the alliance.

"We are heading in the direction of setting up an alliance, although we have not yet decided on the details on how the two bourses would work together under such tie-up," Cheung said.

"This would be an important step to bring the gold markets between Hong Kong and mainland closer. This is also important to let the mainland gold bourse to go into the international market through Hong Kong."

To continue reading please click here.

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>