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

To: 2MAR$ who wrote (78266)	8/23/2011 4:00:31 AM
From: elmatador	Read Replies (2) \| Respond to of 218049

"Economists doubt another recession within 12 months?" No QE3!!

To: 2MAR$ who wrote (78266)	8/23/2011 10:08:22 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218049

watch n brief, a perturbation in the force commodityonline.com China allows ANZ to trade Gold Futures on Shanghai Futures Exchange Read more : gold futures, anz, shanghai futures exchange MELBOURNE (Commodity Online) : ANZ Banking Group Tuesday said it’s China unit, ANZ China became the second foreign bank to trade Gold futures on the Shanghai Futures Exchange, after being granted membership to the exchange. In a statement, ANZ said its entry to China's gold futures market comes after regulators granted similar membership to HSBC Holdings earlier this month, a move seen as a prelude to further opening up of the gold sector to local and overseas financial institutions. The bank became a member of the Shanghai Gold Exchange in 2008. It was the first foreign bank in China to launch Chinese-yuan-denominated gold-forward products at the SGE in 2010 and the first foreign lender to enter China's interbank Gold leasing market, it said in a statement. HSBC China in late July was the first foreign bank to become a member on the SHFE and be allowed to trade gold futures on the bourse. The opening up of China's gold futures market comes at a time when investment interest in the precious metal hits a feverish pitch, with spot prices striking a series of new highs over the past few weeks on the back of worries over a double-dip recession in the U.S. and crippling sovereign debt in the euro zone ANZ is one of the six foreign banks that already have a trading membership on the Shanghai Gold Exchange. Others include the Chinese units of HSBC, Standard Chartered Bank , Bank of Nova Scotia, Credit Suisse and United Overseas Bank .