Hilohilo, it has been shown that if you purchased a gold contract on Comex at the start of trading each day and sold at the end of trading each day, you would have lost money while gold has risen from US$250 to US$1600 during that same time frame.
That should tell us what we need to know about gold trading on Comex. Hilohilo, what is traded on Comex is basically paper with about 1% backing of physical gold.
You might like to read up on gold and information which should affect gold.
There are plenty of good sites.
Here are a few: http://kingworldnews.com/kingworldnews/King_World_News.html
