why the fundamentals are changing, page-6

From my perspective, seeing how the GFC unfolded and how absolutely corrupt the investment banks are, I am VERY interested that JP Morgan is now long gold and has been grabbing as much physical gold from the COMEX as they can (see the below Kitco commentary link).

I think that recent history shows that you want to be on the same side of the transaction as JP Morgan. As Grant Williams has stated for some time - it is inconceivable that the precious metals markets are NOT manipulated.

JP Morgan, having large short positions, IMO, successfully manipulated paper prices downwards in 2013 and are likely now set up nicely for a paper vs. physical gold squeeze given that they/ their clients have their gold as physical now and are long.

Link: http://www.kitco.com/ind/Taylor/2014-01-14-2013-Was-the-Year-of-JPMorgan-in-the-Gold-Silver-Markets.html

Cheers
John