Well, Gold is steady into Hong Kong and Shanghai....soon Singapore will launch the 25 kilo bar. The gold bottom would be false.

If the U.S. was smart they would demand the COMEX become a physically settled trade. The benefit push gold into the stratosphere...say 10-15 K per ounce...and then sell the 8800 tons in federal vaults ( sure, tongue in cheek )

Shanghai is a 72 hour "must do" physical settlement where the "physical gold" is sent to holding facilities for the purchaser ....Singapore will operate on similar principles.

The gold is not alowwed to re-enter the exchange.

Shangahi index 80 to 110 short tons a week...and increasing!!

Hong Kong ?

Singapore Octboer 13, 2014

Russia is buying ...

Germany wants their back and this seems to be a difficult process...

Canada.......3 tons..

I truly believe in about a year or sooner China # 1 producer and # 1 importer of gold will announce their intention to back their currency.

This will leave anyone not on the gold standard with a perfect view of their own navels.

I could be wrong....but I have time ....and for that reason I am Captain Time.