Have you ever heard of free markets? where there is actually competition? the CME as you point out now has a competitor whether you like it or not, this has never happened before.
Over 88k silver contracts and over 200k gold contracts traded on the Comex with this huge drop in the metals. 88k sellers means 88ks buyers and same for gold contracts. With SGE prices way way higher than the Comex paper prices you can pretty much be assured that there will be massive buying of physical on the Comex and massive selling to the SGE. And what else does this mean? There will very soon be one hell of a short squeeze taking place.
Nice drop in gold and silver on the crimex, but why have metal prices at dealers worldwide not moved much at all?
