Risk Free Precious Metals Arbitrage?

Nah, there can't be any price suppression with COMEX gold contracts. 

http://www.zerohedge.com/article/risk-free-precious-metals-arbitrage

One picture explains so much. One is the Comex Gold contract, the other is the Hong Kong traded one. One bid is above the other's ask.

Investors' $102 Billion Precious Metals Wager Shows Bull Market Is Intact

Thanks to my friend Raj for this find:

http://www.bloomberg.com/news/2011-02-07/investors-102-billion-precious-metals-wager-showing-bull-market-intact.html

Matt Taibbi on Goldman

http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=0

Many of us have read Taibbi's hard-hitting articles on Wall Street's fraudsters. But what intrigued me the most were his anecdotal comments on Wall Street's other crimes-in-progress.

http://www.gata.org/node/8591

"There is more fraud out there, and everyone knows it: front-running, manipulation of the commodities markets, trading ahead of interest-rate moves, hidden losses, Enron-esque accounting, Ponzi schemes in the precious-metals markets, you name it. We gave these people nearly a trillion bailout dollars, and no one knows what service they actually provide beyond fraud, gross self-indulgence and the occasional transparently insincere public apology."

[ed. bold emphasis is mine]

When and if the story on precious metals price suppression breaks, the emperor will be exposed as naked, in more ways than one.

Total debt to GDP

As long as US total debt is high relative to GDP, the Fed will have to keep priming the liquidity pump. That can only be bullish for precious metals.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlYg50ZYURl5uBGe1zoye_zAs3NSbhFecrTGnpwQ9eJb8vtwxd4U2grq6sTDYNKq8qVZRzLAawKjGL1OjsZG4u-6y0wCkY9xgF5CAJ8aRT5vZlESqV_klL-1D5AakBLHvZP16ZSmJSU0F_/s1600-h/TCMDGDPR.JPG