j p morgan is the seller, page-7

Hi RP

have been checking out JPM on the web

a good guess is something like this: http://uk.reuters.com/article/idUKLNE62303320100304

they have done 87% in that fund and shuffling their gold equity exposure is probably not a big deal for these guys

and the cynic in me would think that JPM as an agent for the Fed (and pervasive across many goldmining companies) is playing games keeping us "gold as money" tragics hosed down as in:

http://www.nypost.com/p/news/business/metal_are_in_the_pits_2arTlGNbMK7mb1uJeVHb0O

Here's Peter Degraaf on beating JPM at their own game with the physical market - so we will just have to do the same with our gold in the ground and buy as much as we can and be patient!

http://www.marketoracle.co.uk/Article18422.html