Little watched, worth noting...................from Rico

The (by now) routine 'wash-and-rinse' monkey business on the COMEX may indicate something going on behind the scenes.

- I'm hearing 'short squeeze' from some quarters.

- Many are focused on the dramatic drop in physical inventory on the COMEX.

Little watched, but worth paying attention to, is the COMEX registered Gold cover ratio. This ratio tells you how many ounces of physical Gold are stored at the COMEX for every outstanding paper Gold contract.

- The present cover ratio is greater than fifty paper claims per physical ounce.

Talk about fractional!

- Neither the CFTC nor Jon Corzine could be reached for comment.

"Who has sold, what isn't his'n

must buy it back, or go to prison."