by Jeff Nielson, Bullion Bulls Canada:
While most of the growth that we have seen in China’s precious metals sector has been somewhat positive, this is not the case with its entire “bullion” market. While the paper-called-gold market is (finally) dying in New York; in Shanghai, the paper-gold and paper-silver markets are growing faster than anywhere else in the world.
The biggest growth in trading activity of gold future contracts in the last five years has come from China, according to the latest information from the Futures Industry Association…
There are few surprises in this news. It was never possible that the Shanghai bullion exchange would be a “clean” market once it was announced that the Rothschilds would be given a seat on the exchange. Indeed, those who pay close attention to the daily charts from Basher Central would have noticed a steady increase in suspicious price-action originating in Asian trading.
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