"Hello Scotia Mocatta, It's JPMorgan... Yes, Again... We Need More Gold"
It happened again.
And like the last time JPM plundered 20K ounces of Scotia gold on August 8...
... 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:
And culminated on August 12 with the great Comex Color-Coded Crunch:
In brief: it continues.
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