Gold Short Squeeze: "Hello Scotia Mocatta, It's JPMorgan... Yes, Again... We Need More Gold" GLD

  

  Zero Hedge reports on ongoing trouble at JP Morgan with Gold deliveries depleting JPM Gold Vaults to the historic lows. We guess that with numerous ongoing investigations to participate in the Gold manipulations is harder and harder...unless it is authorised by the FED or those in control of the U.S. government.

  Jim Sinclair has his interesting take on JP Morgan situation:

Gold Break Out: Jim Sinclair - The three entities that called the $1900 in gold are back long. GLD, SLV, GDX, MUX, TNR.v

"8. The reason that major Bankster’s physical precious metals storage facilities are for sale is one of the strongest reasons that the old high in the gold price will be beaten. They are not for sale because business is bad. The reason to have a depository was to manufacture a synthetic short in gold legally by taking funds for physical but trading the COMEX and OTC derivative gold market to fulfill the appearance of covering their obligations.

This game was not high risk as long as paper gold had full control of the gold price determination. They could have $1000 losses on the short and turn it into a profit via spread trading using the warehouse as plausible denial from manipulation. The banksters, now the major longs, do not select to play this game anymore. The manipulation now favors the bullish side of the gold price.

9. Now the banksters are on your side as you can easily see in the press session trading internationally."

ZeroHedge: "Hello Scotia Mocatta, This Is JPMorgan - We Urgently Need Some Of Your Gold"

"The Great Gold Game of Musical Chairs has begun, ZeroHedge reports on dramatic gold shortages unveiling behind the scenes. We are putting all these pieces of the puzzle together here and the picture is becoming more and more clear - Mother of Shorts Squeeze is coming to the Gold market."

Matt Taibbi: Is JPMorgan Too Big To Chase? Will The Gold Market Manipulation Be Exposed Next?

"Now these Jamie Dimon's cufflinks explain everything. "Brothers" and Gold Manipulation - anyone?"

Playback: Glenn Beck Exposes the Private FED; Gets Fired by Fox

"C.S. It is not the new video, but Glenn Beck is a very good showman to show the dramatic complications surrounding privately owned Federal Reserve. With President Obama now "close to his decision"  on the new Chairman for the FED, the clear understanding of this organisation will help us all to survive the "Taper of QE"."

ZeroHedge:

"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."