by Dave in Denver:
"I don't think China really cares about the Comex other than the fact that the Comex operators do a great job keeping the price of gold and silver artificially low for China as the world's largest buyer of gold and silver. - Dave in Denver
"Anyone who buys into the "gold is in a bubble/bear market" proclamations being tossed out on CNBC, Bloomberg and other mainstream disinformation sources needs to examine the real evidence. The real evidence does not come from some asswipe working for a big bank brokerage firm who examines pretty lines drawn on a chart or has spent the last 10 years conning the public into buying stocks like Facebook.
"The real evidence comes from looking at what the big buyers of gold are doing. I think many of you have already seen the recent articles which report the latest Central Bank gold accumulation in primarily eastern and southern hemisphere countries. As I mentioned yesterday, China imported the equivalent of about 10% of the world gold production in 2011. In Q1 2012, China imported 50% of the amount it imported for all of 2011.
"Venezuela has repatriated most of its gold..."