R640 – that’s right, sorry I forgot you only track the futures which show G & S up a lot more this am than spot. The scum is keeping gold below $1600 in the spot market.
Maddog – I did think about Putin as a potential challenger to the Crimex, but he would have to do it through some financial intermediary right? He did stop buying phyzz this month for the first time in three years, so maybe he’s trying to stack via the Crimex but I’d think that’s a longshot.