NEW YORK, April 8, 2016 /PRNewswire/ — eBullion Inc. (EBML) observed investors funding their gold trading accounts when gold price had the strongest quarterly rise since Q3 1986. More investors are funding Gold investment accounts for the first time in Q1 compared to the last quarter of 2015.
In Q1, 2016, eBullion observed more investors are funding their Gold trading accounts in the company’s wholly owned subsidiary Man Loong Bullion Company. Man Loong Bullion Company is an AA trading member of the Chinese Gold and Silver Exchange Society (“CGSE”). This observation is in line with the research report that was released by BullionVault.com.
NEW YORK, March 29, 2016 /PRNewswire/ — Since the launch of the ‘Shanghai-Hong Kong Gold Connect’ in July 2015, the transaction volume of Renminbi Kilo Bar Gold has increased by 5-10% to an average daily volume of 5,000 kg. eBullion (OTCQB: EBML) and other gold trading platform providers in Hong Kong are benefited by the increase of average trading transactions.
The Chinese Gold and Silver Exchange Society (CGSE) plans to launch a Singapore-Hong Kong Gold Connect with the Singapore Exchange (SGX), and 15 CGSE members are in the process of becoming qualified on the SGX board for conducting transactions. eBullion (EBML), a wholly owned subsidiary Man Loong Bullion Company, is an AA CGSE trading member intending to participate in the ‘Singapore-Hong Kong Gold Connect’. The application will take two to three months to complete.
Risk event for the week of the week, except for a February United States non-farm figures there is United States presidential primary. United States presidential election is not just United States an important political event in the country, also affected the entire international market trends.
On Tuesday that opened the first day of March, United States the most important primaries in the presidential election campaign “Super Tuesday” began. The same day, the democratic and Republican party contenders for the hundreds of delegates pulled out all the stops, in order to sharply in the days ahead of the competition, in order to pave the way to win their party’s nomination, and one step from the White House.