Possible GOLD scenario - see comments
(www.zerohedge.com)
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Based on the linked article, there are some major Chinese players in the gold market that are now only listing on the Shanghai gold exchange, which is pricing gold notably higher than NY/London's paper market.
So here's my quick take.
If you can buy gold in London/NY at a lower price, then sell it at a higher price on the Shanghai exchange, you stand to make a lot of money. However, you would have to do so with physical gold - not paper certificates.
So, people who buy from NY/London will start asking for their gold certificates to be redeemed for physical, so that they can go sell it for a profit on the Chinese market.
At which point, the whole paper market crumbles to dust since they cannot redeem all those paper certificates for real gold, thus the corrupt market is exposed.
GOLD will destroy the Fed.
It's a possible scenario, but I'm open to comments/corrections on my assumptions.
Very nice.