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Is this how JP Morgan plans to cover there short positions?

http://seekingalpha.com/article/259549-will-jp-morgan-now-ma... (Some vault operators are more equal than others. JPM appears immune from processes that everyone else must suffer through. On March 15, 2011, the Commodity Exchange (COMEX) and the New York Mercantile Exchange (NYMEX) advised the CFTC that they had approved J.P. Morgan's application to become a licensed vault facility, using a "self-certification" process. The newly licensed vault, located at 1 Chase Manhattan Plaza, NY, NY, is ready to roll as both “weighmaster” and depository, for delivery of gold, silver, platinum and palladium contracts, as of March 17, 2011, two days later.) NOW THE COINCEDECE A post on our own Daily Paul! Colonel Gaddafi owns 143.8 tonnes of gold. (Among top 25 in the world)
Submitted by October2007 on Tue, 03/22/2011 - 00:13
in

* Peace / War

They're not just after his oil...They're also after his massive stash of gold! http://dailypaul.com/160071/colonel-gaddafi-owns-1438-tonnes...
http://www.npr.org/blogs/money/2011/03/22/134763011/gadhafis...

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As I understand the trading,

These banks but and sell contracts among each other so that there is no net loss of anything between them.

Talk about Ponzi schemes!

Give us clear vision, that we may know where to stand and what to stand for - because unless we stand for something, we shall fall for anything.
~ Peter Marshall, US Senate Chaplain 1947