Loading ...“Then comes 22nd September when GOFO rates will cease to be promulgated. Is it just a coincidence that this is the day when the Singapore exchange is scheduled to launch its futures contracts to be settled in physical gold. SGX’s market place will enable the trading and clearing of the Singapore kilobar gold contract and establish a fully transparent price discovery mechanism for gold in this region. Normally one can confirm most things on the internet, but I have been unable to sight any recent confirmation of this launch date. Be that as it may, there may be some forthcoming events that will severely challenge the algos’ ability to rule the world.”
Hoping this might be why pm’s have been so violently attacked since the beginning of Sept. I’m with Ipso, really want to see the crooks removed/challenged as a pricing mechanism.