I'll believe Jim Willie and all his theories when I see it.

For now, despite what he claims is a massive divide between the physical and paper market, I see a spot price of $1,065 and I can buy 10-oz or Kilo bars on Apmex for $1,081 per ounce. Pretty typical paper/physical spread from what I've seen.

Anyone who really believes his theories should get into the gold refining business ASAP, as you'd make a killing standing for delivery of 400-oz bars and selling them for a huge premium to retail investors.

Hysteria