This is very danger investment at this price. If anything in drug development not meet the target, I will crash at lest half price.
In 2013, China passed India as the largest gold consumer. China’s private sector gold demand reached a record level of 1,132 tons in 2013. China’s middle class, and its purchasing power, has been increasing. This supports gold demand.
Recent research from the World Gold Council (or WGC) shows that there are 300 million people in China’s middle class. In just five years, China’s middle class is expected to grow to 500 million. These consumers will likely buy gold to store value.
Chinese property market
Property and gold are the two investment options for most big ticket investors. The Chinese property market hasn’t been doing well lately. The prices increased earlier because of speculative actions. This is getting corrected. Many investors are afraid of a free fall. As a result, investors are moving their money out of property. They’re moving it into gold or the U.S. dollar.
Is there a shift away from the U.S. dollar?
The last time China made its reserves public was in 2009. The gold reserves had doubled to 1,054 tons. Another update would certainly be much higher. A new update would take the market by surprise. However, even at these levels, it’s low as a percentage of total reserves—at 1.1%. This is also low compared to other countries’ reserves—like 70% for the U.S., 66% for Germany, and 65% for Italy. That means there’s huge potential for China to invest in gold. This could lead to a rally in gold prices.
China has 4 trillions US$ reserve, if it raise gold ratio by 2%, that will be 80 b US$, that money can buy almost 2000 tonnes of gold, about 2.5 folds of GLD current holding or more than all gold ETF in the world.
Put a solid cap ceiling on this stock.
COMEX: 2013 : , 160 tonnes
2014 YTD: 60 tonnes
Shanghai: 2013: 2186 tonnes
2014 YTD: 1400 tonnes
Who will determinate gold price?
China like to see lower gold price to buy more. China need the big amount gold for its reserve so that China plan and want RMB becoming the world reserve money in place of US$.
how much you can dump more?
please keep going paper gold short.
China Using Gold To Position Yuan As Reserve Currency:
There are reportedly 40 international participants signed up to trade on the SGE International Board (SGEI), but the SGE hasn't specifically confirmed the identities of all participants.
Like the domestic SGE which counts precious metals refineries as members, the SGEI will have a diverse group of trading participants including a number of international refineries as well as bullion banks and trading houses.
Precious metals refineries Metalor Technologies and Heraeus have confirmed that they will be participants and along with MKS, this represents three of the largest gold refineries in the world.
International bullion banks who have already announced their participation include ANZ, Standard Chartered and HSBC, and its also known that Standard Bank, JP Morgan and the Bank of Nova Scotia were said to be interested. The Perth Mint was also said to be interested.
The presence of international refineries and possibly international mints as possible direct participants within SGEI trading should improve liquidity and price discovery on the new international exchange and help it become a serious competitor to the existing duopoly of gold price discovery carried on in the London OTC market and the New York gold futures market.
One encouraging factor about the SGE and the SGE international platform is that there is a lot of physical gold flowing through the Exchange. Therefore, price discovery is not just based on an inverted pyramid of mostly unallocated gold as in London or mostly cash-traded futures paper gold as in New York.
China set to win Asia gold pricing race with new exchange
Shanghai Gold Trading: The Real Challenge to London.
Ocampo Christine, who is Vice President, Finance at AVANIR Pharmaceuticals, sold 55,000 shares at $9.45 on Sept. 17, 2014. Following this transaction, the Vice President, Finance owned 79,871 shares meaning that the stake was reduced by 40.78% with the 55,000-share transaction.
Palekar Rohan, who is SVP & Chief Commercial Officer at AVANIR Pharmaceuticals, sold 25,000 shares at $11.50 on Sept. 17, 2014. Following this transaction, the SVP & Chief Commercial Officer owned 266,750 shares meaning that the stake was reduced by 8.57% with the 25,000-share transaction.
I saw someone said
"gld shares have not been been available to lend at most houses,this is the first time this has happened since inception.The gold market has been pure hell for 5 years. It is time for the BLAST OFF!IF ANY KIND OF BUYING COMES INTO THE JUNIORS THEY WILL EXPLODE"
Today the Chinese government backed Shanghai Gold Exchange (SGE) brought forward the launch date of its international gold trading platform which is hosted in the city’s free trade zone (FTZ). The gold trading platform will be known as the ‘international board.’
In a surprise announcement, the SGE said today that the international board will go-live this Thursday September 18, eleven days ahead of its original launch date of Monday September 29.
Forty members of the Exchange including global banks UBS, Goldman Sachs, HSBC and Standard Chartered, will participate in gold trading on the SGE’s international board, trading 11 yuan denominated physical gold contracts including the large 12.5 kg (400 oz) bar, the ever popular 1 kg bar and a 100 gram contract.
The location of the SGE international board in the Shanghai free trade zone is symbolic in that this location has been earmarked by the Chinese government as part of financial sector internationalisation strategy.
The SGE is also opening a precious metals vaulting facility in the free trade zone with a 1,000 tonne capacity limit.
In a related development yesterday, the Hong Kong based precious metals trade organisation, the Chinese Gold and Silver Society (CGSE) announced that they have been given permission by the Chinese government to construct a precious metals storage vaulting facility in a special economic zone in Shenzhen in China.
The CGSE is the the first non-mainland entity to be given such permission. The CGSE’s vaulting facility will have a 1,500 tonne capacity and will be completed by late 2016 or early 2017.
Developments in the Asian precious metals markets are continuing to advance at a rapid pace. The pace of developments changes daily as illustrated by the acceleration this week of the Shanghai Gold Exchange’s international board.
With the phase II trial drugs candidate, there is too much uncertain factors. Usually, investors will forget it and the stock will return its original base soon.
No, AVP-923 combines an over-the-counter cough suppressant dextromethorphan with generic quinidine (commonly used to control heartbeats.) Avanir already markets AVP-923 under the brand name Neudexta as a treatment to dull episodes of uncontrolled laughing and crying in patients with pseudobulbar affect. Insurance companies have placed significant restrictions on Neudexta reimbursements, which hampers Avanir's commercial efforts. Neudexta sales only reached $75 million last year and are on track to top $100 million this year. With today's surging stock price, Avanir's market cap approaches $2 billion.
what a stupid question! what about the price for everything else during this period?
Chinese keep buying gold.
SGE delivered over 60 tonnes of gold in last 5 trading days.
Current China only has 15 years reserve and must reduce the product capacity. RRE price will go up quickly for sure.
MCP expecta big rebound
Look like back to $4-4.5, then may stable.
I shorted last Friday At 6; 6.38; 6.7; and 6.98 ,
that was so good. and happy.