This is imho 100% correct Scruffy (like the name - want to scratch your ears - lol)

What still baffles me though is how they will end the COMEX...and why JP Morgan doesn't care about the huge short position.

You have to KNOW that someone stood up in a JPM meeting in the last 10 years and said, "investment demand is outpacing new physical supply - There's going to be one hell of a supply squeeze and our shorts will all be underwater!"

What did the big boss say then?

"Yeah, but we'll just let the COMEX and LBME go down and pay the longs the current contract value...not a problem! Meanwhile, we start a PM share fund at depressed prices and all get rich from the leverage of the PM juniors!" ???

Is that it?

Because I know they HAVE GOT to know. It's only a question of when, and how.

lotus petals,

gildage