Actually I have no problem with the Chinese scam. I think the COMEX and the regulators are the real crooks along with JPM. Hell the Chinese understand this is war and are doing what they are supposed to, taking advantage of the corruption to win the metals.

My hostility lies entirely with the useful idiots that are making a few bucks and selling the metals out the back door.

And my point remains that the action from the Chinese is NOT legitimate hedging. I do not blame them for making the move they get away with, and I do understand the motivation to roll the depreciated US dollar interests into bullion, but that does not make the game plan legitimate in terms of hedging.

It is what it is, and since no one is going to put a stop to it, then so it goes...

cheers!

mike