It happened again [2].
[3]
And like the last time JPM plundered 20K ounces of Scotia gold on August 8...
[4]
... 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 [5]:
[6]
And culminated on August 12 with the great Comex Color-Coded Crunch [7]:
[8]
In brief: it continues.