Since the creation of Comex gold and silver futures fifty years ago, for the express purpose of suppressing their prices from reflecting their true value versus a depreciated US dollar, gold and especially silver have not experienced true, unfettered price discovery. That is about to end very soon and not with a wimper but a bang, that will be heard around the world. Sentiment has been as low as it ever gets and complacency is as widespread as it so often has been during these five decades. So why is it about to change now after all this time? Because for the first time since this scheme began, when the US stopped redeeming dollars for gold, there is a real challenge to the US dollars role as the only global reserve currency. The new system being implemented by Russia, China, India and a number of others is already making a difference and it isn’t even fully in place yet. It doesn’t have to replace the dollar(and probably won’t) but it is bringing about the end of the Comex/LME monopoly and control of both metals pricing. Their inventories are being drained and both metals are flowing from western hands to eastern ones. As I stated recently in a comment on this topic, when they don’t have enough inventory to attract buyers, these two exchanges will no longer be able to create the unlimited number of paper contracts to short and suppress the prices any longer. That means real price discovery will take place in the east, at prices reflecting the actual value of the metals.(at significantly higher prices) This is something that can happen at any time now(like was seen with the nickel short squeeze) There probably won’t be much time to prepare and as I suggested in my comment, it may not even show up on the charts in advance of the repricing. This is not the time to be complacent. Whether it is days, weeks or possibly even months before it happens, it is inevitable. Better one month early, than even one hour too late!