chinesetrader

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    • Tue Feb 5th 10:05 AM | Rating: 0 0
      Commented on:
      Chinese New Year Could Fuel Gold, Gold Stocks Rally
      there is one thing which would (currently) prevent any Chinese from buying at any price: exactly the new year holiday you noted... markets in China are closed from today till next tuesday, and most small and medium-sized investors in China are not sophisticated and use local banks/brokers/exchange... (Shanghai) for trading gold. So... they'll have a week out-time. So, for this one week, I wouldn't bet on Asian traders pushing up prices.
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    • Thu Jan 17th 03:20 AM | Rating: 0 0
      Commented on:
      An Interview With “Trader Vic"
      Nice idea with the 500 mio. men and wedding rings - regrettably it suffers from one unfortunate reality: Chinese do not commonly wear wedding rings, outside Shanghai and Beijing at least.

      An additional problem is: Those futures are non-deliverable, ie. cash-settlement only for non-institutional traders.

      I do agree with the general idea of much further potential in gold, but it is a common fallacy to make assumptions about those new markets, ie. China and India and those other emerging countries, as if they were a mere addition to the West.
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