April 19th Mark your Calendar: Lots of chatter that China, on April 19th, will start setting the price of Gold in Yuan out of the Shanghai Physical Only Exchange.

http://www.bulliondesk.com/gold-news/update-china-plans-to-launch-yuan-denominated-gold-fix-april-19-sources-109581/

 This lack of Western bullion bank interest in the new SGE Gold Fix is understandable as it would create a conundrum that a participating bank would have to explain if there were two materially different spot gold prices posted daily that could not be arbitraged away: one price for spot gold on the SGE for physical gold and a second price for spot ‘gold’ in London based upon trading paper. The market will then progressively degenerate into a much higher global price for gold as the LBMA is pushed to the sidelines.”

http://www.thedailyeconomist.com/2016/02/got-karatbars-rumors-emerge-that-china.html

http://www.safehaven.com/article/41072/moving-to-the-post-lbma-era-gold-price-reset-watch-out