Hong Kong Mercantile Exchange's 1 Kilo Gold Contract To End Comex Gold Futures Trading (And "Bang The Close") Monopoly

Long-term, this Hong Kong Mercantile Exchange will be just another vehicle for bullion banks to manipulate the paper prices of precious metals, but short-term, it provides competition for the LME in London and the COMEX in New York.  This is rather bullish for precious metals as the emerging countries in Asia are now the biggest buyers of gold and silver. 

http://www.zerohedge.com/article/hong-kong-mercantile-exchanges-1-kilo-gold-contract-end-comex-gold-futures-trading-and-bang-