huge comex position rumor

From Kitco Gold Forum . . . . rumor but interesting


"There is a rumor in the market place about Comex Options that a non
institutional buyer is holding 140.000 contracts. That would equate to 400
tons of physical. If it is correct then the pressure is on gold, and the
price will be managed, within reason, not dissimilar to the previous rise
to $450 not so very long ago until the holder is out of the equation."

Could explain the dog fight in POG at the moment.
JP Morgan & associated shorters would be desparate to avoid delivery & the ongoing implications of a 400 tons delivery

Wonder if the swoop by First Boston yesterday on a swag of Oz junior miners was insurance against the unthinkable