Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55104 Sun, 28 Sep 2014 19:48:50 GMT Four Men Who Are Turning The NY Village Of Goshen Into The Next Detroit http://implode-explode.com/viewnews/2014-09-28_FourMenWhoAreTurningTheNYVillageOfGoshenIntoTheNextDetroit.html iehi-feed-55063 Wed, 24 Sep 2014 15:19:00 GMT Mortgage Originations Down By 60-70%.....But Everything Is OK! http://implode-explode.com/viewnews/2014-09-24_MortgageOriginationsDownBy6070ButEverythingIsOK.html iehi-feed-55057 Tue, 23 Sep 2014 22:07:09 GMT Is The Florida "Rocket Docket" Just An Excuse Used By Bad Lawyers? http://implode-explode.com/viewnews/2014-09-23_IsTheFloridaRocketDocketJustAnExcuseUsedByBadLawyers.html iehi-feed-55037 Sun, 21 Sep 2014 03:15:21 GMT RealtyTrac's Blomquist: The Foreclosure Crisis is Well Behind Us.  Mandelman: Oh, Shut-up Daren http://implode-explode.com/viewnews/2014-09-20_RealtyTracsBlomquistTheForeclosureCrisisisWellBehindUsMandelmanO.html iehi-feed-54976 Mon, 15 Sep 2014 01:03:26 GMT Why Can't Dave Ramsey Get his Facts Straight on Reverse Mortgages? - Mandelman Matters http://implode-explode.com/viewnews/2014-09-14_WhyCantDaveRamseyGethisFactsStraightonReverseMortgagesMandelmanM.html iehi-feed-54972 Sun, 14 Sep 2014 18:46:06 GMT Are Deutsche Bank & OCWEN Attempting To Swindle A 9/11 Responder? http://implode-explode.com/viewnews/2014-09-14_AreDeutscheBankOCWENAttemptingToSwindleA911Responder.html iehi-feed-54951 Thu, 11 Sep 2014 15:48:28 GMT Michigan's 'Foreclosure King' Is Trying to Win a Seat in Congress http://implode-explode.com/viewnews/2014-09-11_MichigansForeclosureKingIsTryingtoWinaSeatinCongress.html iehi-feed-54944 Thu, 11 Sep 2014 03:53:44 GMT Student Loan Debt Crisis Also Hitting Aging Baby Boomers http://implode-explode.com/viewnews/2014-09-10_StudentLoanDebtCrisisAlsoHittingAgingBabyBoomers.html iehi-feed-54914 Mon, 08 Sep 2014 16:04:25 GMT The U.S. Student Loan Debt Crisis Will Dwarf The Mortgage Crisis http://implode-explode.com/viewnews/2014-09-08_TheUSStudentLoanDebtCrisisWillDwarfTheMortgageCrisis.html iehi-feed-54907 Sun, 07 Sep 2014 16:58:30 GMT Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit http://implode-explode.com/viewnews/2014-09-07_StrugglingHomeownersAreShoulderingTheResponsibilityOfUSDeficit.html iehi-feed-54901 Sat, 06 Sep 2014 18:22:37 GMT Pssst...Hey Mac, You Wanna Know A Secret On How To Delay Your Foreclosure? http://implode-explode.com/viewnews/2014-09-06_PssstHeyMacYouWannaKnowASecretOnHowToDelayYourForeclosure.html iehi-feed-54899 Sat, 06 Sep 2014 15:46:42 GMT Sorry Max Keiser But The 2nd Housing Crisis Isn't Coming. It's Already HERE! http://implode-explode.com/viewnews/2014-09-06_SorryMaxKeiserButThe2ndHousingCrisisIsntComingItsAlreadyHERE.html iehi-feed-54895 Sat, 06 Sep 2014 14:02:15 GMT Jubilación!  It Means "Retirement" South of the Border. - Mandelman Matters http://implode-explode.com/viewnews/2014-09-06_JubilacinItMeansRetirementSouthoftheBorderMandelmanMatters.html iehi-feed-54878 Fri, 05 Sep 2014 13:12:25 GMT Want To Stop Your Foreclosure? Act Like Michael Corleone Not Joan Crawford http://implode-explode.com/viewnews/2014-09-05_WantToStopYourForeclosureActLikeMichaelCorleoneNotJoanCrawford.html iehi-feed-54875 Thu, 04 Sep 2014 16:13:23 GMT Keiser Report Ep. 649 w/Aaron Krowne - Housing Generational Shift And Depression Written On The Wall http://implode-explode.com/viewnews/2014-09-04_KeiserReportEp649wAaronKrowneHousingGenerationalShiftAndDepressi.html iehi-feed-54868 Thu, 04 Sep 2014 02:10:43 GMT Loan Modification Misinformation or Lies... I Just Can't Take Much More of This  - Mandelman Matters http://implode-explode.com/viewnews/2014-09-03_LoanModificationMisinformationorLiesIJustCantTakeMuchMoreofThisM.html iehi-feed-54847 Mon, 01 Sep 2014 21:35:26 GMT MFI-Miami To Begin Investigating Student Loan Fraud And Collection Abuses http://implode-explode.com/viewnews/2014-09-01_MFIMiamiToBeginInvestigatingStudentLoanFraudAndCollectionAbuses.html iehi-feed-54834 Sat, 30 Aug 2014 15:45:36 GMT And Here's to You Mr. & Mrs. Robinson -- Will Quiet Title Hold Up in California? - Mandelman Matters http://implode-explode.com/viewnews/2014-08-30_AndHerestoYouMrMrsRobinsonWillQuietTitleHoldUpinCaliforniaMandel.html iehi-feed-54833 Fri, 29 Aug 2014 18:14:24 GMT Michigan Democrats Finally Address Economic Genocide Against Middle Class Homeowners http://implode-explode.com/viewnews/2014-08-29_MichiganDemocratsFinallyAddressEconomicGenocideAgainstMiddleClas.html iehi-feed-54752 Wed, 20 Aug 2014 14:23:08 GMT China Grabbing Gold Trade: Allows 3 more banks to import gold; Exchanges Bloom, Renmimbi Gold Trading Looms http://implode-explode.com/viewnews/2014-08-20_ChinaGrabbingGoldTradeAllows3morebankstoimportgoldExchangesBloom.html A pair of articles came our way on this topic:

1. China allows 3 more banks including StanChart to import gold -sources. Note that grabbing pricing power and avoiding manipulation are now discussed in cleartext:

China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power of the metal.]

...

China and other Asian gold trading centres such as Singapore are calling for more localised pricing of the precious metal as they seek alternatives to the so-called London fix, the global benchmark for spot gold prices, which is being investigated by regulators on suspicion that it may have been manipulated.

2. Koos Jansen: East Asia Geared Up For RMB Gold Trading:

In comparison, on the COMEX the weekly volume was 2,092 tonnes and it's estimated that in the London Bullion Market 25,000 tonnes are being traded weekly. But will the western paper markets be able to stay in the driver's seat of the gold market? We know China is developing it's market infrastructure not only for physical gold trade, but also to expand paper trading to steal pricing power from the dominant forces in the West and to promote the internationalization of the renminbi.

Bloomberg recently reported the SGE will launch gold trading in the Shanghai Free Trade Zone (FTZ) on September 26. From what was disclosed previously by the SGE this will likely be a gold-backed spot contract traded through the SGE's subsidiary the Shanghai International Gold Trading Center. The next step would be the launch of gold derivatives. According to Bloomberg the FTZ hosts a vault capable of storing 1,500 tonnes of gold. If this vault is in addition to the 2,000 tonnes vault opened in the FTZ by precious metals transportation and storage company Malca-Amit I do not know. Approximately at the same time as the SGE's international board will go live, the kilobar gold contract will be launched in Singapore.

The SGE international board will allow investors worldwide to trade gold in renminbi, which undoubtedly will lead to higher trade volumes on the SGE. The gold industry is fully prepared in East Asia for what might be a pricing shift, following the great physical shift of recent years

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