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China Gold Imports From Hong Kong Hit Record High In March 2013

|Includes: SPDR Gold Trust ETF (GLD)

An update on the China Gold Imports from Hong Kong has just been put out on Bloomberg. It is amazing, how much they are buying, imports more than doubled.

And the thing is, the massive drop in the gold price in April is not even counted in the numbers yet.

Disclosure: I am long AGQ.