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View Full Version : TOCOM (Tokyo futures market) is now out of physical gold, will deliver ETF.



mick silver
12th November 2008, 19:55
Based on the Memorandum of Understanding singed in January this year, The Tokyo Commodity Exchange (TOCOM) and Tokyo Stock Exchange (TSE) have launched "Inter-market Cooperation Workshop" in efforts to improve convenience for participants of the both markets, and studied to reinforce cooperation between the commodity market and the stock market.

In light of the study at the workshop, TOCOM has added a "physically backed commodity ETF" as a possible physical for EFP (Exchange of Futures for Physicals) transactions at the exchange, which allows seller and the buyer, who holds agreement for physical transactions, to conclude the contract s in the commodity futures market without continuous trading of physicals.

Therefore, the “SPDR® Gold Shares”, physically backed commodity EFT listed on the TSE, which has a correlation with the gold spot price, can now be used as a physical for EFP transaction on TOCOM’s Gold market.

Thanks to this new arrangement, it is expected that the link between TSE's SPDR® Gold Shares market and the TOCOM Gold market will be strengthen and that the price reliability, as well as the liquidity of both markets will be enhanced.

For inquiries about this news release, please contact:

Planning Department,
The Tokyo Commodity Exchange
Phone: +81-3-3661-7917

Corporate Communications
Tokyo Stock Exchange
Phone: +81-3-3665-1214

mick silver
12th November 2008, 19:55
http://www.tocom.or.jp/20081105-1.html

mick silver
12th November 2008, 19:56
http://www.greenenergyinvestors.com/index.php?showtopic=4848&st=80&p=74654&#entry74654

mick silver
12th November 2008, 19:57
Then the ETF is supported by futures and the futures can be supported by the ETF... who needs actual gold. What a load of crap

mick silver
12th November 2008, 19:59
http://gold.approximity.com/gold_charts.html

LETMYSILVERGO
12th November 2008, 20:05
THEN THIS IS TRIPLE BULLSHIT RATHER THAN THE USUAL DOULBLE??? OR IS THIS A GOOD THING?? I DON'T KNOW NOTHING, not even double negatives!!

skijake
12th November 2008, 20:42
THEN THIS IS TRIPLE BULLSHIT RATHER THAN THE USUAL DOULBLE??? OR IS THIS A GOOD THING?? I DON'T KNOW NOTHING, not even double negatives!!

The next step after triple bullshit is BULLSHIT SQUARED. I think even most attorneys will be lost by then!:rolleyes:

Tribal Warrior
12th November 2008, 22:17
The next step after triple bullshit is BULLSHIT SQUARED. I think even most attorneys will be lost by then!:rolleyes:

Hank Paulson wouldn't be lost, LOL!!

LETMYSILVERGO
13th November 2008, 00:20
He May Have Invented Bullshit Cubed.

hiyosilver
13th November 2008, 03:37
He May Have Invented Bullshit Cubed.


and sell it as a commodity....might as well, a lot of hairbrain "americans" are buying it....