Shanghai Gold Exchange

By: Adrian Burridge | Fri, Jun 19, 2009
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Shanghai gold exchange
http://www.sge.sh/web/show_col.asp?cid=19

Open Interest
(month End) 24 months

AU (T+D)

AG (T+D)

May 2009

77,704

150,922

April 2009

76,016

121,032

March 2009

66,740

116,326

Feb. 2009

87,854

100,838

Jan. 2009

68,820

82,616

Dec. 2008

73,206

92,304

Nov. 2008

55,192

101,656

October 2008

57,678

109,568

Sept. 2008

40,750

81,716

Aug. 2008

56,206

87,744

July 2008

68,706

59,338

June 2008

58,980

49,566

May 2008

61,148

54,350

April 2008

46,852

49,428

March 2008

60,940

54,264

Feb. 2008

66,312

45,634

Jan. 2008

75,650

40,552

Dec. 2007

74,910

39,030

Nov. 2007

70,364

34,776

Oct. 2007

57,914

26,606

Sept. 2007

39,182

22,082

 

Open Interest not Reported. Only delivery volume.

Aug. 2007

22,188

43,668

 

Open Interest reported.

July 2007

18,352

25,178

June 2007

17,264

23,768

Conclusions

Both columns are higher month over month and year over year - May over May and May over April.

Open interest in the first column has gone from 17,264 to 77,704 an increase of 450% in the space of two years.

Open interest in the second column has gone from 23,768 to 150,922 an increase of 634% in the space of two years.

This appears to be an increasingly positive world for precious metals, and an increasingly negative world for treasuries, dollars (G7 currencies) and equities.

Conclusions

Buy all the bullion you can carry. Who do you trust? Do you know who your counterparty is? 1 2 or 3 zeroes. $195 trillion in worldwide equities, bonds and bank assets, excluding real estate AND DERIVATIVES according to the IMF. $5 trillion in physical gold. 1344 IPOs so far since January 1st, 2000 in the United States compared to 1600 firms listed on the TSE and 36 gold stocks in the international indexes. 8.4 million CUSIPS according to www.cusip.com and 36 gold stocks in the international indexes. 381 ETF's on the Amex. 36 gold companies in the international indexes. Over 1 million structured products according to structured retail products. http://www.structuredretailproducts.com/

Disclosure: Long Iamgold (IMG:T), Eldorado (ELD:T), Kinross (K:T), Northgate (NGX:T), Nevsun (NSU:T), Golden Star (GSC:T), Gabriel (GBU:T), Agnico (AEM:T), Linear (LRR:T), Yamana (YRI:T), Silver Standard (SSO:T), Jinshan (JIN:T), Compton (CMT:T), Nova Gold (NG:T) common, HudBay Minerals (HBM:T), Central Fund (CEF.a:T), Goldcorp (G:T), Ensign (ESI:T), Akita Drilling (AKT.a:T), Noble Metals (NMG:X), Aurizon (ARZ:T), Northern Dynasty (NDM:T), First Majestic (FR:T) Tucows (TC:T), physical cash, Royal Bank (RY:T) T-Bill Fund, Royal Bank Precious Metals Fund, Forest and Marine (FME:X) debt and equity, physical gold, physical silver at the time of writing

 


 

Adrian Burridge

Author: Adrian Burridge

Adrian Burridge
CanadianInvestors.com

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