Monday, July 25, 2011

Investorplace: China’s New Futures Market Will Lift Silver

Why Hong Kong Mercantile Exchange is a game-changer
If you’re still bearish on long-term silver prices, you’d better reconsider your stance.
Dollar-denominated Chinese silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today. This development will grant Asian investors direct access to the metal and will blunt the U.S. dominance in silver-bullion trading.
It’s also highly bullish for long-term silver prices.
Let me explain …