I notice Dubai futures were trading $4.00 above Comex futures at the same time today. I admit I don't know much about this. But I do know that if I can buy a stock on the other side of the world, then a sheik with millions more than me can sure as heck find a way to invest on the Comex. If I was that sheik, I probably wouldn't care about "breaking" the Comex or anything like that. I'd just look at the price differential. If I could buy the gold here cheaper, I would.

All of the other politics aside, won't this happen? If they simply can't get gold anywhere else at Comex prices, won't they start taking delivery here?

Maybe we really are headed for higher prices on the Comex.

MR