Okay, now you're onto something...

..."there be no gods".
Is a perfectly sound interpretation of the text.

When the Psalms were written...
The Hebrew deity was considered to be...
-- God Among gods...
-- El Elohim...
The Chief deity and Ruler of a Pantheon of deities.

And so, your conclusion is appropriately accurate.

-PRev1-

President Barrack Hussein Obama

-- Nobel Peace Prize, 2009 --
"War is peace. Freedom is slavery. Ignorance is strength."
-- George Orwell, "1984" --