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Ponce
20th May 2013, 09:46 AM
"The Fed" is nothing more than another name for one of the arms of the optupus that is the Zionist bankers movement.........as you know, the man of The Red Shield sent five of his sons all over the place to start the control of the world monetary system, with time they saw that they would have trouble implementing their dream so that they had to come up with another plan........PM will be the next worldwide currency and what you see with this article is what is already happening world wide, they allowed people to buy gold and silver and to keep it all in one place then at the end the power to be would keep it all...they don't care about the money that they have to give out sinse money is only paper and they can print, almorst for free, all the paper that they want. The real objective has been acomplish and now they have gather most of the PM world wide.

I knew eight years ago that someone was buying A LOT of gold and at first I thought that is was China, China was buying but not as much as those behind the curtain were doing........The Zionist Bankers......... I can see now that those holding PM will become trillionairs.

I also told you long ago that todays general coins will have extreme value in the future and today, more than ever, I believe this to be true. I also told you that someday they would come up with a "Debit-Credit Card" where all that you earned would go there and all that you spent would come from there, all this would be backed by PM but sinse every one will be broke they know that they won't have to give out much of their PM, and if they have to then they will investigate as to where you got the extra money to do so and then either tax you or confiscate what you have.

I see that all that you have today is what you will have tomorrow so try to have as much as you can, and remember that........

"IF YOU DON'T HOLD IT, YOU DON'T OWN IT"... Ponce

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Hong Kong Mercantile Exchange (Commodities: Gold Silver) is surrendering all metal trades and will settle in cash. Defaulted! No Gold or Silver to be given!

HONG KONG, 18 May, 2013 – The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services (“ATS”) granted by the Securities and Futures Commission (“the SFC”).
With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.

The voluntary surrender decision was made to enable the Exchange to re-align its strategy with the new industry environment since its trading revenues have not been sufficient to support operating expenses and, as a result, its inability to meet the required regulatory financial conditions.
While trading on the Exchange will discontinue, HKMEx as an organisation will continue to operate with its existing staff, and will focus on developing new products including renminbi-denominated precious and base metals contracts that will better meet customer needs. It also intends to re-apply at an appropriate time for an ATS authorization to launch these products with stronger and more effective market maker programs.

“The favourable conditions under which HKMEx was founded have not changed. Global commodity demand continues to shift towards Asia as the region undergoes sustained growth, presenting great opportunities that we will continue to exploit,” said Barry Cheung, Chairman of HKMEx. “Our priorities now are to protect members’ interests by ensuring effective closing of open positions while strengthening our shareholding base and developing new products that play to our distinctive strengths.”

In closing out the open positions, the Exchange has developed a plan in consultation with the SFC to ensure the process is orderly and that investors are well informed of the matter. The Exchange will disseminate settlement prices to its members the morning of next Monday, 20 May 2013. Investors may contact the Exchange’s hotline at +852 3900 9898 for any assistance or enquiry.

http://sherriequestioningall.blogspot.com/2013/05/hong-kong-mercantile-exchange.html