Rumour has it that COMEX does not have the gold to fulfil its obligations. The December contracts need to be honoured if this rumour is to be put to bed, however some analysts are of the opinion that COMEX will fail to deliver physical gold and gold will sky rocket. Well, December is not that far away so we will soon know! What that means is that if COMEX defaults on Gold delivery for December we will see some huge discrepancies in the price of gold. Well correction would be the most likely term. Like 2000 dollars an ounce correction!!!