Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - whos buying at night (http://goldismoney.info/forums/showthread.php?t=33600)

electric-amish | 04-10-2006 09:12 AM
whos buying at night When I turn on the computer this morning I see silver rose again over night. What markets are open--Hong kong , Tokyo? Are they buying physical or contracts? Are third countries buying on these exchanges for their industrial demand? Singapore for example. Are they increasing Delivery? Silver has risen so fast I'm getting nerves and want to know whats going on.

G-khan | 04-10-2006 09:22 AM
Re: whos buying at night 1 Attachment(s) Quote:
Originally Posted by electric-amish When I turn on the computer this morning I see silver rose again over night. What markets are open--Hong kong , Tokyo? Are they buying physical or contracts? Are third countries buying on these exchanges for their industrial demand? Singapore for example. Are they increasing Delivery? Silver has risen so fast I'm getting nerves and want to know whats going on.
Yes they are buying physical and if you looks at the attachment below you will see what times and which markets are open... yes yes yes to your questions... New York Market <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Market hours (local time) 8:20 AM - 1:30 PM. New York Futures Division gold futures and options are two ways of trading gold in New York. They provide an important alternative to traditional means of investing in gold such as bullion, coins, and mining stocks. </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> New York ACCESS MARKET� </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Market hours (local time) 2:00 PM - 8:00 AM Mon-Thu 7:00 PM - 8:00 AM Sun. After-hours futures trading is conducted via the NYMEX ACCESS electronic trading system beginning at 2:00 PM on Mondays through Thursdays and concluding at 8:00 AM the following day. On Sunday, the electronic session begins at 7:00 PM. All times are New York time. </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> London </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Market hours (local time) 8:30 AM - 4:00 PM, with Fixing at 10:30 AM and 3:00 PM. The metal prices fixed twice a day here, known as London Fixes, are the guidepost for the official gold trading around the world. </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Zurich </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Market hours (local time) 8:00 AM - 5:00 PM. The core is the mutual settlement(gold pool) of the three biggest banks in Switzerland. </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Hong Kong </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Market hours (local time) 8:30 AM - 12:30 PM 2:30 PM - 5:30 PM. Hong Kong is center of gold trading in the Far East and the Southeastern Asia. </td> </tr> </tbody></table> <table align="center" border="0" cellpadding="0" cellspacing="0" width="95%"> <tbody><tr> <td> Sydney </td> </tr> </tbody></table> Market hours (local time) 9:00 AM - 3:00 PM. Australia's geographical location is a natural place to maintain the continuity of the spot gold market after New York traders go home and before the Asian traders wake up. Sydney opens up shortly after the NY market closes and overlaps the Hong Kong market.

rad | 04-10-2006 09:29 AM
Re: whos buying at night I have no great insight as to who is buying but the time some of the markets are open around the globe can be seen at: http://www.kitco.com/charts/livesilver.html I am a new guy but spend a fair amount of time reading about PMs. I think the cat may be out of the bag as far as the silver shortage is concerned. The POS may drop some when the ETF starts or more if it doesn't but I won't be selling one pre 1965 dime until we are well north of here. edit:Dammit that G-Khan is fast.

SilverKnight | 04-10-2006 12:25 PM
Re: whos buying at night I think G-Khan has a private Blackberry link to the server. :D

LikeGreen | 04-10-2006 01:46 PM
Re: whos buying at night Can you confirm that Sydney trades silver? I thought it was also, but when I was checking some sources I did not see silver as one of their listed commodities. However, last night silver PMs started to move in advance of the Hong Kong open, so it must be trading somewhere. LikeGreen :smokin:

SilverNuts@Bolts | 04-10-2006 01:48 PM
Re: whos buying at night Don't see Dubai here [gold capitol of the world]. They have a gold and also silver ETF, if I'm right.

G-khan | 04-10-2006 01:50 PM
Re: whos buying at night Quote:
Originally Posted by LikeGreen Can you confirm that Sydney trades silver? I thought it was also, but when I was checking some sources I did not see silver as one of their listed commodities. However, last night silver PMs started to move in advance of the Hong Kong open, so it must be trading somewhere. LikeGreen :smokin:
Click on the link below and then click on the chart and it gives the times... http://www.kitco.com/charts/livesilver.html

The Argent Dragon | 04-10-2006 04:32 PM
Re: whos buying at night Quote:
Originally Posted by SilverKnight I think G-Khan has a private Blackberry link to the server. :D
Yes, indeed he does ! :beer:

All times are GMT -4. The time now is 05:22 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM