TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: News Flash - okey dokey - PS and PMS
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wmn
Oct 23, 2008 11:34AM
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Oct 23, 2008 01:16PM
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Oct 23, 2008 07:28PM
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Oct 23, 2008 08:24PM
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Oct 23, 2008 09:14PM

By the way - what's the vote on this board? How many think either:

1) Demands on Comex for physical delivery of gold, made at the December gold futures contracts expiry on November 28, will cause the Comex to have to buy significant quantities of real, non-borrowed gold, driving the price up and briefly lifting the stranglehold that the derivatives markets have on physical metal, or

2) Comex will default, as they did with the Bunker Hunts, and make a temporary ruling that you can indeed cash in your futures contracts for gold, except that you will be paid out in more paper futures contracts, not the shiny metal stuff you came for, or

3) Comex will fall over and die, and credible derivatives and ETF trading will shift to Hong Kong, as part of a shift of the world center of financial gravity towards Asia?

c

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Oct 23, 2008 09:41PM

Oct 24, 2008 03:58AM
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