Is JP Morgan Ending Its Death Grip On The Gold Market? - Ted Butler

`` One bank, JPMorgan, bought 150,000 COMEX gold contracts flipping a short market corner of 75,000 contracts a year ago into a long market corner of similar size today and 25,000 silver contracts on the most severe price decline in decades. Unless JPMorgan is the greatest trader in history (a proclamation destroyed by the London Whale experience), logic dictates that the bank cheated in some way. Yet the question of how could this be is never asked, even when the manipulation is described in detail... JPM not buying more gold over the past month because it suggests we may be near the end game where the bank, not able to justify its positions, instead looks to end its death grip on the market.''