s*********8
发帖数: 901 | 1 This is the news that I have been waiting for and is probably the reason why
silver has been so strong the past couple of days. The HKME is starting its
silver contract this Friday July 22nd! This officially breaks the Anglo
American monopoly on silver. This will be the first time that Asians can buy
and take future delivery of silver in Asia. No longer can the CME raise
margins close to 100% in 8 days. (Then refuses to lower them despite a 30%+
drop in 5 days.) The extended hours should also stop the 10 am smack down
since traders can now access the HKME.
The silver shorts should be fearing the hundreds of millions of Asians that
will be entering this small market. China alone has Trillions of dollars and
they could drop .01% of that money into silver and explode silver beyond
the control of the Anglo American Elite. The HKME contracts are also a lot
smaller,only 1,000 ounces versus 5,000 ounce contracts. I am reaching out to
see if I can get more information like if JP Morgue or HSBC has any
ownership in this exchange. Stay tuned,but this new demand for real physical
silver is something to be very happy about.
HKMEx to Launch Silver Futures Contract
New contract to take advantage of surge in global demand for silver
HONG KONG,18 July,2011 – The Hong Kong Mercantile Exchange (“HKMEx”),
China’s international commodity marketplace,announces today the launch of a
US-dollar silver futures contract to begin trading on 22 July,2011,
following the successful introduction of its gold futures two months ago.
The new contract,launched on the back of surging global demand for silver,
will trade in units of 1,000 troy ounces and be delivered in Hong Kong.
Trading will last for 15 hours every day,Monday to Friday,beginning at 8am
and ending at 11pm Hong Kong time,with a 30-minute pre-opening auction
starting at 7:30am. Clearing and settlement of contracts will be conducted
through the independent clearing house LCH.Clearnet.
Between 2008 and 2010,demand for silver rose 67% in China and 17% globally
to reach 7,495 tons and 32,870 tons respectively,according to market data
compiled by HKMEx. China alone,accounted for nearly 23% of the world’s
silver consumption last year,reflecting its importance as a global
manufacturing powerhouse.
“The new contract will enable buyers and sellers in China to trade
effectively with their counterparts across the world,while at the same time,
allowing investors to gain exposure to silver price movements and broaden
their investment portfolio,” said HKMEx president Albert Helmig.
“We are fully aware of the vast potential of precious metals both as a
hedge against inflation and as an investment diversification tool,and will
continue to expand our product suite in this area,” added Mr Helmig.
HKMEx’s first product,a 32 troy ounces gold futures contract with physical
delivery in Hong Kong,traded in June a total of 48,321 contracts with a
daily average volume of 2,297 contracts. Trading volume has increased in the
11 trading days in July to a daily average of 3,280 contracts.
The Exchange’s current membership represents 20 of the most well
established financial institutions and futures brokerages in the region and
globally,including the most recently added Jinrui Futures (Hong Kong)
Limited and Wing Fung Futures Limited.
Contracts for the new silver futures will be for the current calendar month,
the next two consecutive months,and any months of January,March,May,July,
September,and December falling within a succeeding 12-month period.
Full real-time trading statistics on the new contract will be accessible
through the Bloomberg and Thomson Reuters information services by typing
IXSA CT and 0#HKS:respectively. |
|
