You are here
China wants to set prices for the world's commodities
From Bloomberg News
Wednesday, May 25, 2016
China has put the world's traditional financial centers on notice that it wants to develop its raw material markets as hubs for setting prices, seeking to marry the country's commercial heft with a much greater say in determining how much commodities cost.
"We're facing a chance of a lifetime to become a global pricing center for commodities," Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the Shanghai Futures Exchange's annual conference in the city on Wednesday. "On the way to realize this goal, we'll see very intense competition. We have the advantage of trading size and economic growth, but our legislation is still not sound and we lack enough talent." ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-05-25/new-york-london-on-not...
A Contrarian's Call Option on Gold
Sandspring Resources' Toroparu project in Guyana is the fourth-largest gold deposit in South America held by a junior mining company.
Experienced backers of Sandspring Resources include Silver Wheaton, the John Adams / Energy Fuels group in Denver, and Frank Giustra’s Fiore Group in Vancouver.
A 2013 preliminary feasibility study shows strong economics for this large-scale mine at US$1,400 gold. With a current gold price below US$1,300, Sandspring is for investors who believe that gold price suppression will be overcome.
For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:
https://ceo.ca/@tommy/a-ten-million-ounce-call-option-on-gold
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
