gold and debt, page-3

I agree

Given the monumental short gold contracts that J.P Morgan and HSBC holds, $5000 an ounce in the short term is optimistic thinking. I can't see any foreseeable major gold move until their positions are liquidated.

http://news.silverseek.com/SilverSeek/1219962959.php

as of august 28, 2008

JPMorgan
Gold Contracts: $85.2 billion
Other PM Contracts: $10.9 billion

HSBC
Gold Contracts: $27.5 billion
Other PM Contracts: $6.9 billion