FGC BOLSA - FGC FINANCIAL MARKETS INFO

Hong Kong gold retailers overwhelmed by mainland shoppers Submitted by cpowell on 08:40PM ET Thursday, May 2, 2013. Section: Daily Dispatches By Gao Changxin China Daily, Beijing Thursday, May 2, 2013 http://www.chinadaily.com.cn/cndy/2013-05/02/content_16466595.htm HONG KONG -- Hong Kong retailers report they were swamped over the three-day May Day holiday by tens of thousands of mainlanders in search of one thing: cheap gold. After the recent slump in gold prices, Hong Kong's already healthy community of gold shops, mainly in its traditional tourist areas, has increased with a flurry of new openings. But traders report they have been overwhelmed by the mainland shoppers. Gold prices in Hong Kong are lower than on the mainland. On Wednesday in Causeway Bay there were long queues outside shops, which blocked the popular shopping area's narrow streets and sidewalks. "It's cheap, so what else do you need to know?" said Wang

Bill Buckler's farewell: Denying gold market manipulation is silly Submitted by cpowell on 01:41PM ET Thursday, May 2, 2013. Section: Daily Dispatches 4:48p ET Thursday, May 2, 2013 Bill Buckler, editor of the incisive The Privateer market letter, closed it down the other day after 29 years, sounding not just worn out from the work and needing a break but also a bit depressed by the world's increasing illiteracy in economics and maybe by the recent attack on gold as well. From the start Buckler had documented much of the war waged against gold by Western central banks -- http://www.the-privateer.com/gold2.html -- and maybe that's why in recent years he declined to mention efforts to document more of that war and agitate against it. He considered it a given. In fact, of course, obvious as the war against gold was to Buckler and a few others who have thought deeply about gold's function as money, the war still cannot be acknowledged and