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
