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.