Comment on what?
LBMA volume cleared? I think they would publish the higher volume (as everyone elses) 5 trades of 100 between 2 sames entities = 500 cleared (cleared means clearing fee!)
Don't know who is right.
Can't tell, not a member of the committee.
Dubai has been reported to trade anything they can put their hands on, among which srap gold. No way to know if the bullion traded on Dubai is 999.5 pure gold "good for delivery" or simply 999.5 pure gold less the assayer's mark.
Volume traded on Dubai are as cryptic as the volumes of trades reported by the Nyse.
Trust the customers do not give a sh@@@ about assay marks.
Dollar overpriced? Don't tell me, hard for my PM equities to beat the loss in exchange rate as my equities are North-American and my port accounted for in Euros.
As for total gold production, or total Comex warehouse stocks to be trivial, I already posted that it is just worth a coupkle of day tradinfg at the LBMA.
Now, being right or wrong is not the question: trading against what the crowd believe to be right is the way.
If the crowd thinks the warehouse stocks at the Comex are relevant, and the price of gold in US Dollars has the lead, you have to trade Comex stocks in US Dollars per oz. final.dot
Btw, I observed some phoney Comex stuff:
the Streetracks Comex Shares Trust IAU has it's stocks held in London and Canada. Only 1/6th is held in the US at Scottia Mocatta (which is not what you would precisely call an US warehouse. They may keep an US located warehouse for small change.<g>).
So, even if Comex Trust stocks are not held at the Comex, why should we trust the Comex? <vbg>
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