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China Importing 75.84 Tons Of Gold From Hong Kong In July 2012

|Includes:SPDR Gold Trust ETF (GLD)

Very important trend reversal in July.

We thought the gold imports of China were declining, but in July 2012 the trend has gone to the upside once again. July gold imports from Hong Kong were 75.84 tons to be exact.

(click to enlarge)Click to enlarge

Chart 1: China Gold Imports from Hong Kong

Click to enlarge

Disclosure: I am long PHYS.

Stocks: GLD