This was brought to my attention today by a fellow Stacker - could be pretty big news for Silver...a new commodity exchange in Hong Kong offering physical delivery (currently only Gold but Silver in a few months) Serious competition for COMEX? Quick Vid on the exchange: http://www.hkmerc.com/en/about_hkmex/Corporate_Video/index.html Hong Kong launches new commodity exchange aimed at giving Asia bigger say in prices --> http://www.hkmerc.com/documents/Press_Release/Chicago_Tribune_20110518.pdf Home Page: http://www.hkmerc.com/en/index.html What are investors going to do? wait and hope there physical metal contract is delivered from the COMEX, or deal with the 'new kid' eager to please and with Asian business integrity? Going out on a limb here but these 5 letters are going to have a pretty big impact to silver and spot...
http://forums.silverstackers.com/topic-9811-first-comes-hkmexnext-comes-shanghai.html http://forums.silverstackers.com/topic-9731-hkmex-has-opened-for-trade-only-gold-for-now.html http://forums.silverstackers.com/topic-9498-hkmex-starts-soon.html http://forums.silverstackers.com/topic-9312-honk-kong-mex-trading-debut.html
wipe the egg off with a silver containing anti-bacterial cloth, no need for shame with positive news even if its late!
