Jerry, there is one major flaw to the argument that the chinese and russians are consirping to blow up (figuratively) COMEX.

While they may be hording gold bullion, they are also sitting on billions (actually trillions) of US dollars. Not only that but the Chinese currency is tied to the USD.

so the question becomes, why would you cut off your nose to spite our face. If they "blow up" COMEX to pump up the value on one asset, they lose on the other side as their USD holdings fall flat.

Despite what people want you to believe, the USD is still THE world trade currency. the EURO which many have touted to replace it is on even shakier ground right now. The reality is noone who as the power to sink the USD really wants it to happen or can afford for it to happen, and that may never change.

Even General Custer would be scratching his head at this standoff