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China Gold Imports From Hong Kong Slowing Down In May 2012

|Includes: SPDR Gold Trust ETF (GLD), PHYS

Time for a little update on my previous article on China's gold imports from Hong Kong. For May 2012, China imported 75.6 metric tons from Hong Kong. Pretty disappointing if you ask me, but the trend is still going up. The May 2012 imports are a sixfold increase from a year earlier, but down from April 2012's record.

China Gold Imports from Hong Kong

Chart 1: China Gold Imports from Hong Kong

Disclosure: I am long PHYS.