CEOChair. It's a new one on me too - 'hellacious'! Must remember...

CEOChair. It's a new one on me too - 'hellacious'! Must remember to use it myself!

Is this the beginning of the end for the PM manipulation?

First gold fix at the SGE this morning, then another pm. Then 2 every day. As the difference between the gold price on the SGE and Globex is currently approx $50 there is going to be a lot of money to be made by the arbitrageurs - buying in London and selling in Shanghai ...... until either the paper price goes up or the physical price goes down (unlikely because of the inbalance between supply and demand)

Then knock on effect to the Comex.