Originally Posted by teedubya
Someone dumped 500 tons of paper gold on Thursday... that's around 16 million ounces... of paper. So, this paper floods the market... drops the price... and more physical gets picked up at lower prices.
I just bought some more silver... and will buy it all the way down... and then buy more.
The COMEX trades at 1/100. So every 1 ounce of physical... there are 100 ounces of paper... so, the real price of physical will reveal itself eventually... after the precious metal manipulators get busted.
Who knows how long that could be though.
And there it is. COMEX and others futures exchanges are going no where.