TF Metals Report: Top U.S. Banks (or Maybe Just — JPM) Spectacularly Long Gold !

• TF Metals Report: Top U.S. banks (or maybe just bank — JPM)  spectacularly long gold! 
  by CHRIS POWELL, http://www.gata.org/ 
  Dear Friend of GATA and Gold:
  Turd Ferguson of the TF Metals Report today analyzes the latest futures traders commitment reports in the United States and, echoing silver market analyst Ted Butler, finds that the biggest U.S. banks, including presumably JPMorganChase, have gone spectacularly long gold and that Morgan took 95 percent of all Comex gold deliveries in August:
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  http://www.tfmetalsreport.com/blog/4929/reconciliation
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  Presuming that Morgan remains the agent of the U.S. government, gold investors now may have reason to hope that the gold price suppression scheme is contemplating a retreat to a higher level as the real metal gets scarce as it did during the last weeks of the London Gold Pool:
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  http://en.wikipedia.org/wiki/London_Gold_Pool
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  In any case, as the fund manager and general Renaissance man James G. Rickards said a few years ago, “When you own gold you’re fighting every central bank in the world,” and that’s hard to do without believing that justice, transparency, and free markets will prevail over central banking eventually — even in one’s lifetime. A lot of pain comes such such a belief, and the only trick for dealing with it seems to be the one screenwriter Robert Bolt had Peter O’Toole offer in “Lawrence of Arabia”:     
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  http://www.youtube.com/watch?v=BYNElueJj_w 

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