2014年2月27日星期四

1月份人民币跃居第七大支付货币

【SWIFT: 1月份人民币跃居第七大支付货币】- 环球银行金融电信协会周四发表的报告称,1月份人民币作为全球支付货币的排名晋升一位至第七位,并连续三个月成为全球十大支付货币之一。http://t.cn/8F3BlDO

Gold price rigging fears put investors on alert

英国《金融时报》刊登了一篇署名为Madison Marriage的文章,援引咨询机构Fideres的报告,称黄金的伦敦定盘价可能被结构性操纵。但这篇文章随后被删除,原链接显示文章已经不存在。

By Madison Marriage

Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.

The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société Générale in a process known as the “London gold fixing”.

Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.

“[This] is indicative of panel banks pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders,” Fideres concluded.

“The behaviour of the gold price is very suspicious in 50 per cent of cases. This is not something you would expect to see if you take into account normal market factors,“ said Alberto Thomas, a partner at Fideres.

Alasdair Macleod, head of research at GoldMoney, a dealer in physical gold, added: “When the banks fix the price, the advantage they have is that they know what orders they have in the pocket. There is a possibility that they are gaming the system.”

Pension funds, hedge funds, commodity trading advisers and futures traders are most likely to have suffered losses as a result, according to Mr Thomas, who said that many of these groups were “definitely ready” to file lawsuits.

Daniel Brockett, a partner at law firm Quinn Emanuel, also said he had spoken to several investors concerned about potential losses.

“It is fair to say that economic work suggests there are certain days when [the five banks] are not only tipping their clients off, but also colluding with one another,” he said.

Matt Johnson, head of distribution at ETF Securities, one of the largest providers of exchange traded products, said that if gold price collusion is proven, “investors in products with an expiry price based around the fixing could have been badly impacted”.

Gregory Asciolla, a partner at Labaton Sucharow, a US law firm, added: “There are certainly good reasons for investors to be concerned. They are paying close attention to this and if the investigations go somewhere, it would not surprise me if there were lawsuits filed around the world.”

All five banks declined to comment on the findings, which come amid growing regulatory scrutiny of gold and precious metal benchmarks.

BaFin, the German regulator, has launched an investigation into gold-price manipulation and demanded documents from Deutsche Bank. The bank last month decided to end its role in gold and silver pricing. The UK’s Financial Conduct Authority is also examining how the price of gold and other precious metals is set as part of a wider probe into benchmark manipulation following findings of wrongdoing with respect to Libor and similar allegations with respect to the foreign exchange market.

The US Commodity Futures Trading Commission has reportedly held private meetings to discuss gold manipulation, but declined to confirm or deny that an investigation was ongoing.

2014年2月25日星期二

福尔摩斯悬案:中国500吨黄金去哪儿了

http://3g.forbeschina.com/review/201402/0031302.shtml

去年,中国进口和开采的黄金总量远远超过其居民和工商企业的消费量。一些人认为,由于对经济局势的担心,存在大量非正规途径贮藏的黄金。还有一些人猜测,中国央行暗地里购买黄金作为外汇储备。采信后一种观点的人认为,中国政府将很快通过宣布发行一种新的金本位货币从而对美元形成打击。

2014年2月24日星期一

買金幣

十分一 鴻運金幣

恒生總行中午一點半左右,冇人排隊!