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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27815)	1/14/2008 9:29:43 PM
From: carranza2	Read Replies (1) \| Respond to of 217576

Hard to believe but apparently true. From FT: ft.com Shanghai’s investors paid a large premium of about $100 an ounce over international gold prices, with the June futures contract hitting an intraday high of Rmb230.95a gram, or almst $1,000 an ounce.

To: TobagoJack who wrote (27815)	1/15/2008 4:54:12 AM
From: Amark$p	Read Replies (1) \| Respond to of 217576

I sure would appreciate your asking your Chinese contacts about the Shanghai Future Exchange gold pricing. Any scoop on what is going on here...? "Just last week, the Shanghai Gold Futures Exchange opened for business. Gold opened at the equivalent of about $997 an ounce. At the time of this writing, gold is trading for about $943 per ounce on the Shanghai Gold Futures Exchange versus about $895 per ounce on other world exchanges." Are these comments accurate: "Why would gold sell for 5% more in Shanghai than elsewhere in the world? It is because the Chinese are worried about inflation, and thus far the amount of gold imported into China to fill the need does not meet the demand. So gold will flow from the rest of the world into China, which will push world prices up and Chinese prices down until they meet. It is our belief they will meet above $920 per ounce soon..." Can Shanghai Futures Exchange "out-trade" the COMEX/London exchanges?... take advantage of those Western Nation commercial short positions...? Inquiring minds want to know, so please ask around...