@GavMcCracken I jumped in for 1,000 shares just b4 market close and that glitch made my chest hurt.
Nice chunk of change for a trade 2 hours in. Thx 👍 $OBE
Retail Traders have been kicked out of the SGE Shanghai Gold Exchange
Fewer gold futures paper contracts
This should lower volatility and stabilize price
If China does it, you can sure bet that the United States gov't will do it, too... perhaps in crude oil?
》WTI Crude
On July 24, 2026, the Chinese government is directing all qualified retail players in SGE physical gold forwards contracts toward the Hong Kong OTC gold market, where trades will be cleared through the new HKPMCC.
At the same time, it is steering retail leveraged paper gold players toward the Shanghai Futures Exchange (SHFE).
This move de-risks the Shanghai Gold Exchange by reducing leveraged retail speculation, making it a cleaner physical market.
Simultaneously, it strengthens Hong Kong’s emerging gold hub with higher-quality liquidity. It also channels retail speculative flows into SHFE, which could widen the SGE-SHFE arbitrage spread and prompt banks to import more physical gold from Western exchanges to feed SHFE warehouses.