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

To: carranza2 who wrote (66762)	10/2/2010 7:01:51 PM
From: TobagoJack	Respond to of 219763

china constantly balances 'stability', 'growth', and 'reform' in the gold sector, china does same i used to have a china coal export biz, up until about 12 months ago; it is effectively dead, as coal cost more in china than overseas, forcing importers of china coal (japan, korea, philippines, taiwan, hong kong, vietnam) to look to other exporters. now i am trying to build a china coal import biz (from indonesia), but may beg off, as the competition is just too tough. easier trading puts and calls, and have no shipping hassles. the other items where china veered off from exporting to importing are: - corn - iron ore - copper - cotton - ... while hong kong gold exchange seat is still valued at same price as a taxi license, meaning a gold trader cannot expect to make as much as two taxi drivers (one shared car, morning and night shift), none are available for transaction otoh, a british gold trader is paying me top rent per annum something is wrong with the picture, and yes, i think it is very bullish. i think we may not see gold below 1150 again, that price at which india bought the imf gold. implication: short puts on gold at strike 1150 as the mechanism may be treated as "cloud atm"