Thursday, 18 September 2014

Gold Manipulation: China Opens Gold Market to Foreigners Amid Price Ambition.

  


  Money talks, whatever we can speculate about the Gold in the end the buyers will decide on its price. It is one more very important step to create the proper market for the physical Gold where the consumers are based and avoid the manipulation in the paper market.

ZeroHedge: Gold Tumbles To 2014 Lows As China Unveils Anti-Rigging Benchmark 

Rick Rule on Gold, Miners and M&A: Newmont & Barrick – This Merger Has To Happen.



Acquisitions signal a turning market for miners. Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world.



"...However, recent deals have brought interest back to the market. These include the acquisition of Osisko Mining Corp. ($3.7 billion), Augusta Resource Corp. ($555 million), and Sulliden Gold Corp. ($300 million), all of which have helped push the 2014 total to more than 40 deals worth over $7 billion.For junior and mid-tier companies, First Quantum Mineral's recent acquisition of Argentina-focused Lumina Copper Corp. is a leading indicator. The $470 million deal, centered on junior miner Lumina's highly promising Taca Taca copper project (120 kilometres east of the Escondida, the world's largest producing copper mine), has spurred interest in companies with similar assets across the Americas. The purchase sets a much-needed price benchmark, an essential gauge in a market now accustomed to good companies with reduced market caps and undervalued assets. Read more."

End Gold Manipulation: The Stunner From Today's Round Table Debate To "Fix" The London Gold Fix.



TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?





Bloomberg:


China will give foreign investors direct access to its gold market for the first time today as the biggest-consuming nation seeks to exert more influence over prices while boosting the yuan’s global use.
The Shanghai Gold Exchange will start trading contracts in the city’s free-trade zone that will be linked to its domesticspot market and available to about 40 international members including Goldman Sachs Group Inc. and UBS AG. Access was previously limited to some Chinese subsidiaries. Gold in China this year cost as much as $31 an ounce more and $42 less than the London spot price, according to data compiled by Bloomberg.
China, which overtook India as the biggest bullion buyer in 2013, wants to establish a benchmark price in Asia by opening up trading to a larger pool of investors. It’s also pushing to reduce controls over the movement of capital across its borders after policy makers pledged last year to carry out the widest expansion of economic freedoms since the 1990s.
“It’s indicative of the ambition to move the gold market more to where the consumption is,” Victor Thianpiriya, commodity strategist at Australia & New Zealand Banking Group Ltd., said by phone from Singapore. “It makes sense that price discovery occurs in the center of consumption.” Read more on Bloomberg."