Some era comes to an end - but gold remains
This marks the end of an era, according to Leo Melamed, former Chairman of the Board of Directors of the CME (Chicago Mercantile Exchange). The futures exchange in Chicago became famous through the movie "Trading Places" with Eddie Murphy and Dan Aykroyd. In Chicago, futures transactions had already been completely replaced by electronic trading. This was launched on the CME in 1992. Covid-19 was responsible for closing the rest of the trading activities in March 2020. Every minute of every day, the CME was in contact with the world online.
Gone are the days when traders traded contracts loudly and gesticulating wildly. Today, trading is mostly done electronically. The CME was also the parent company of Nymex, the New York Mercantile Exchange.
In Dubai, for example, the Dubai Gold & Commodities Exchange (DGCX) announced that it had received approval from Israel Securities. This means that Israeli investors can now trade in Dubai and appear on DGCX's platform with regard to precious metals, energy, equities and currencies. Even though the trading activities on the exchanges today look different than in the past, one main interest certainly remains gold.
And when it comes to gold, the investment favorite, it's always worth taking a look at well-positioned gold companies such as Tarachi Gold or Trillium Gold Mines.
Tarachi Gold - https://www.youtube.com/watch?v=bEaHfDTZ2rg - owns large concessions in Mexico in the Sierra Madre. Consistent and very good gold grades have already been produced by drilling.
Trillium Gold Mines - https://www.youtube.com/watch?v=gbzgPXuBh3w - has projects in the Red Lake Mining District in Ontario. With a focus on growth, properties in Quebec and Ontario have recently been added.
Latest corporate information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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