Shanghai Futures Exchange

Comax and the LBMA have dominated world gold and silver prices for many years and have often been accused of price fixing along with the large bullion banks:

Recently there have been fewer and fewer Chinese banks doing business with LBMA and the reason for this is an interesting link up by the Shanghai Futures Exchange and the London Metal Exchange:

Interesting power play by the Chinese which might open the market up a bit. Could be a happy Xmas and a proserous New Year for some :slight_smile: