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Government Sanctioned Theft



-- Posted Tuesday, 30 December 2008 | | Source: GoldSeek.com

By: Rob Kirby

The Office of the Comptroller of the Currency just released its Q3/08 Quarterly Derivatives Fact Sheet today.  Here is one of the highlights:

 

Take a look at J.P. Morganís gold derivatives [futures] position, paying particular attention to how the < 1 yr. position changed from the end of Q2/08 to the end of Q3/08:

 

 

source: Office of the Comptroller of The Currency pg. 30

 

source: Office of the Comptroller of the Currency pg. 31

 

And hereís what J.P. Morganís 15 billion ďadditionĒ to their < 1 yr. gold derivatives book did to the price of gold as illustrated using GLD as a proxy for the POG:

 

       

 

That such a blatantly egregious act can be committed by the chief agent of the Federal Reserve, with what appears to be the complicity of regulators is a heinous pox on humanity.

Subscribers to Kirbyanalytics.com are profiting from paid in-depth research reports, analysis and commentary on rapidly unfolding economic developments.  Subscribe here.


-- Posted Tuesday, 30 December 2008 | Digg This Article | Source: GoldSeek.com




 



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