Its May 18th already in Hong Kong, and the era of the COMEX/LBMA monopoly is now history.
HKMEx 1 kilo (32oz) gold contracts are now trading on an open exchange in Asia. While we remain skeptical that the HKMEx is completely free of cartel manipulations, we will be keeping a close eye on gold's price action during the HKMEx trading sessions. Cartel footprints can be seen a mile away, we'll know for sure soon enough.
Volume is picking up as we write, total volume is now up to 615 contracts, or 19,680oz.
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