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“Hello Scotia Mocatta, It’s JPMorgan… Yes, Again… We Need More Gold”

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Zero Hedge
August 24, 2013

It happened again.

Hello Scotia Mocatta, Its JPMorgan... Yes, Again... We Need More Gold JPM%20Scotia%208.23 0

And like the last time JPM plundered 20K ounces of Scotia gold on August 8…

Hello Scotia Mocatta, Its JPMorgan... Yes, Again... We Need More Gold JPM%20Scotia 1 0

… JPM took directly from Scotia’s registered gold inventory. We wonder how regular, non-TBTF customers of Scotia would feel if they learned that their registered gold was now in the “possession” of JPMorgan.

Finally, as a reminder, JPM’s sequestering of all available Comex gold is not new.  It started on August 7 HSBC:

Hello Scotia Mocatta, Its JPMorgan... Yes, Again... We Need More Gold HSBC%20to%20JPM 0

  • A d v e r t i s e m e n t

And culminated on August 12 with the great Comex Color-Coded Crunch:

Hello Scotia Mocatta, Its JPMorgan... Yes, Again... We Need More Gold Comex%208.12 0

In brief: it continues.

This article was posted: Saturday, August 24, 2013 at 6:01 am





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