Several news website reported that the Tokyo Commodity Exchange will be a full fledged physical gold exchange starting from 25 July. Was anyone surprised that this was not reported by any of the main stream news media? This could impact on the price of gold as the eastern market opens as we have now both the Shanghai and Tokyo physical gold exchanges to counter the COMEX paper gold.
Also in development is a Syariah compliant gold exchange in the Middle east but there has been not many news of this development in recent weeks.
A stunning rumour was the news that Mexico could consider backing her Peso with silver, but this is unconfirmed at the moment.
And a according to a poll, Trump is in the elad over Hillary by 3 points.
The coming weeks could prove interesting.
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