is this the beginning?, page-19

aimone, that journalist produces his own sentiment index and then has the gawl to tell us that because sentiment is falling on HIS index, that the real reason gold fell last night.?? Please!!

The reason gold fell last night was because stops got hit in HK and then London, and then NY. Why? Because the stats came out regarding monthly Gold importation into mainland China from HK. The NET number (not gross) was 76 t rather than 85t last month. This has been THE defining indicator on Chinese demand....UNTIL last month, when the Chinese started allowing gold importation through Beijing as well as Shanghai and Shenzhen. THESE numbers DONT get reported, so we don't actually know what the true importation number is, which is the way the Chinese government would like it.
I would suggest that the HK importation figures going forward will start to reflect commercial importation and NOT govt importation, which will skew the figure away from the true number. "C'est la Vie", as they say.