It doesn't have to be completely "vaporized" to effect a change. All you have to do is buy enough to make any speculators feel that a short squeeze is very possible.
I honestly don't think that Comex as we know it will cease to exist. What I do hope is that the same market forces that exist in the spot market are brought to bear int the Comex.
A level playing field. That's what I want. Time and how screwed up the economies of the world will do the rest.
MR