Silver Rocket Bitches!
15th September 2015, 08:56 PM
The culprit for the decline was JPM which saw not only a 122,124 ounces of Eligible gold be withdrawn, reducing the total by 13% to 750K ounces, but 8.9K ounces of registered gold was pushed into the Eligible category, in the process reducing total JPM registered gold by 45% overnight to a paltry 10,777 ounces: this amounts to only 335 kilograms of gold, or just 27 bricks of "good delivery" gold.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/JPM%20gold%209.15_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/JPM%20gold%209.15.jpg)
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/comex%20dilution%20septt%2015_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/comex%20dilution%20septt%2015.jpg)
To summarize: last week we were confident that JPM would promptly adjust a few hundred thousands ounces of Eligible gold back into Registered status to silence growing concerns about Comex distress. A week later we are not as concerned by the relentless surge in paper gold dilution, as we are that JPM still has not even bothered to do this. Especially since with just 335 kilograms of gold, or less than 27 bricks, JPMorgan is now just one withdrawal request away from running out of deliverable physical gold.
http://www.zerohedge.com/news/2015-09-15/comexodus-jpmorgans-vault-one-withdrawal-away-running-out-deliverable-gold
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/JPM%20gold%209.15_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/JPM%20gold%209.15.jpg)
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/comex%20dilution%20septt%2015_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/09/comex%20dilution%20septt%2015.jpg)
To summarize: last week we were confident that JPM would promptly adjust a few hundred thousands ounces of Eligible gold back into Registered status to silence growing concerns about Comex distress. A week later we are not as concerned by the relentless surge in paper gold dilution, as we are that JPM still has not even bothered to do this. Especially since with just 335 kilograms of gold, or less than 27 bricks, JPMorgan is now just one withdrawal request away from running out of deliverable physical gold.
http://www.zerohedge.com/news/2015-09-15/comexodus-jpmorgans-vault-one-withdrawal-away-running-out-deliverable-gold