IS A COMEX force majeure Possible?
If the disparity between paper gold prices and the spot gold price do deviate significantly the commercials holding the short paper are in a considerble heap of trouble. Back in the day I remember reading opinions that the best way to solve the problem for the commercials and banker boys would be to institute a force majeure and force the closure of all comex contracts at a set price. That way the commercials and banker boys would get out of dodge with their scalps still in tact. Since gold will probably be a part of the solution to stabilizing and restoring the world financial order i expect the gold shorting banker boys- the commercials will have to be saved sooner rather than later.