gold forcast of below 800, page-60

champ2003,
Yes the China figures will also be interesting but may not be as straightforward to read as many seem to think. The most recent figures showed a month on month drop of 26% of exports from HK to China but only 13% drop from China to HK.

So China imports 75 tonnes of gold from HK but exports 30 tonnes back to HK? Very mysterious.

http://finance.yahoo.com/news/1-hong-kong-may-gold-102339385.html

"Market participants have been puzzled by the high volume of gold imports from China from February, since China restricts gold exports.

Some suspect the continuous "round tripping" of the precious metal between the mainland and Hong Kong has greatly inflated gold import figures from Hong Kong, the main conduit of gold into China, the world's top gold producer and upcoming No.1 consumer of the metal.

"The real demand in China for gold isn't that great these days," said a Singapore-based dealer, "especially if prices remain at current levels.""