Loading ...Back to phyzz and BTW any key date Morgan’s went way up but guess I’m not counting the years. I had a couple key dates stolen but have to 1878 CC first editions one Bu one ms 63 hope the kids choose to pass on. I was checking metals and the premiums for silver are way up and so many things sold out or there just not selling.
Anyway per your video.
Effective July 24, major Chinese banks are liquidating retail leveraged paper gold positions and halting SGE intermediary services. Concurrently, the Hong Kong Precious Metals Central Clearing Company has launched a trial clearing system integrating physical Delivery Connect with the Shanghai Gold Exchange.
Strategic positioning following these shifts requires adjusting for distinct market dynamics:
- Exit Leveraged Paper Positions: Avoid leveraged paper gold and spot-deferred contracts through Chinese intermediary banks, as these are subject to forced liquidation deadlines. [1]
- Transition to Unallocated & Physical: Shift toward unallocated clearing accounts within the new Hong Kong Precious Metals Central Clearing Company, or acquire physical bullion backed by the Delivery Connect mechanism. [1, 2]
- Monitor the New “HAU” Spot Ticker: Watch the new HAU over-the-counter pricing code for the Hong Kong market to spot price discovery discrepancies versus Western markets (COMEX/LBMA). [1
- Track SGE Premiums: Utilize live SGE pricing dashboards via Metalcharts to monitor the premium between Shanghai and global spots.
- Leverage Institutional Products: Consider approved Gold ETFs or the Hang Seng Gold ETF, which benefit from recent regulatory flexibility regarding MPF (Mandatory Provident Fund) investments.