silverdoctors.com / June 15, 2012
Hong Kong Exchanges & Clearing have beaten out the Western banksters (The Morgue and The Vampire Squid) and have acquired the LME (London Metals Exchange).
Please note that this is NOT the LBMA, and the cartel has not just ceded control of their physical gold and silver bullion exchange vehicle to the Chinese.
The Hong Kong Exchanges win is still a huge disappointment to our favorite banksters.
Jamie Dimon must have forgotten to wear his presidential cufflinks when he presented JPM’s bid to the LME.
Hong Kong Exchanges & Clearing Ltd., host to the world’s fifth-largest equity market, agreed to pay 1.39 billion pounds ($2.15 billion) for the London Metal Exchange, which handles more than 80 percent of global trade in industrial-metal futures.
LME investors will get 107.60 pounds per ordinary share in cash, with a vote scheduled before the end of next month, the bourses said today. The stock traded at 4.925 pounds in July 2011, before the LME said it was considering bids. JPMorgan Chase & Co., Goldman Sachs Group Inc. and closely held Metdist Ltd. are the biggest LME shareholders.
Thanks to BrotherJohnF