"The paper gold price (dictated by the bizarre COMEX market) is diverging from the physical gold price (determined by actual large private purchases). In late November, a great reliable global gold trader source assured that despite a posted $1740 gold price, the true physical price paid for large gold bullion purchases in the private market was more like $1950 per ounce!! That is a $200 price divergence, or 12% higher. The COMEX has been drained of gold inventory. The MF Global event was motivated by the desire to avoid meeting delivery notices. Instead, JPMorgan stole the accounts demanding delivery, a neat trick fully permitted by the Syndicate that controls the USGovt, the US regulatory bodies, and the US law enforcement. The lawsuits will be full of drama and intrigue. The integrity of the US financial system has been exposed, this time in full glory that even financial news anchors cannot deny."
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