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GOLD ETF LISTING AT NSE
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littledove
#1 Posted : Tuesday, February 21, 2017 8:58:51 AM
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http://www.businessdailyafrica.com/markets/Gold-investment-door-opens-at-NSE/539552-3820198-m9lf05/index.html

The markets regulator announced on Friday that is has granted approval to South African firm NewGold Issuer (RF) Ltd to issue the gold backed ETF at the Nairobi Securities Exchange (NSE).
“This ETF will allow an investor to trade with gold as an investment asset, benefitting in the price movement without having to hold actual gold yourself,” said ABC Capital corporate finance manager Johnson Nderi.
The CMA said that NewGold would be issuing some 400,000 gold bullion debentures, which will be listed on the main market segment of the NSE as a secondary listing.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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bartum
#2 Posted : Tuesday, February 21, 2017 11:51:01 AM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
littledove wrote:
http://www.businessdailyafrica.com/markets/Gold-investment-door-opens-at-NSE/539552-3820198-m9lf05/index.html

The markets regulator announced on Friday that is has granted approval to South African firm NewGold Issuer (RF) Ltd to issue the gold backed ETF at the Nairobi Securities Exchange (NSE).
“This ETF will allow an investor to trade with gold as an investment asset, benefitting in the price movement without having to hold actual gold yourself,” said ABC Capital corporate finance manager Johnson Nderi.
The CMA said that NewGold would be issuing some 400,000 gold bullion debentures, which will be listed on the main market segment of the NSE as a secondary listing.

EFTs are weappons of mass destruction
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Angelica _ann
#3 Posted : Tuesday, February 21, 2017 11:53:27 AM
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Joined: 12/7/2012
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@Hisah et all, advice?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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hisah
#4 Posted : Tuesday, February 21, 2017 12:49:08 PM
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Joined: 8/4/2010
Posts: 8,977
Angelica _ann wrote:
@Hisah et all, advice?

I haven't checked this out. But without investor education, the listing will not fly. Trading commodities such as gold or oil is not a walk in the park. How many wanjikus understand the futures market concept? The recent listings flopped since CMA and NSE never bothered to educate investors. The current bear climate is also a huge barrier which will negatively affect the sales pitch.

Do you know how futures work? Have you studied the commodities market? If not, keep off.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#5 Posted : Tuesday, February 21, 2017 3:07:42 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
Angelica _ann wrote:
@Hisah et all, advice?

I haven't checked this out. But without investor education, the listing will not fly. Trading commodities such as gold or oil is not a walk in the park. How many wanjikus understand the futures market concept? The recent listings flopped since CMA and NSE never bothered to educate investors. The current bear climate is also a huge barrier which will negatively affect the sales pitch.

Do you know how futures work? Have you studied the commodities market? If not, keep off.


I agree...CMA and NSE do little in terms of investor education,they have failed miserably when it comes to that.
possunt quia posse videntur
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sparkly
#6 Posted : Tuesday, February 21, 2017 3:27:18 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
maka wrote:
hisah wrote:
Angelica _ann wrote:
@Hisah et all, advice?

I haven't checked this out. But without investor education, the listing will not fly. Trading commodities such as gold or oil is not a walk in the park. How many wanjikus understand the futures market concept? The recent listings flopped since CMA and NSE never bothered to educate investors. The current bear climate is also a huge barrier which will negatively affect the sales pitch.

Do you know how futures work? Have you studied the commodities market? If not, keep off.


I agree...CMA and NSE do little in terms of investor education,they have failed miserably when it comes to that.


Derivatives are for Technical Traders. Let them come.
Life is short. Live passionately.
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