GATA proved this a decade ago, right in front of a the SEC. Actually watching the chart do exactly what the person presenting said would happen. And the SEC did nothing about it. (they watched the gun fire, not just the smoking gun)
But, this is the reason the COMEX was made.
And since the COMEX will not have any more physical, they are dead anyway. Useless.
I'm looking forward to the COMEX becoming irrelevant. Hopefully that will usher in a new price tracking mechanism instead of fake paper price.
!BBH
!PIZZA
!ALIVE
!PIMP