PDA

View Full Version : Just 27 bricks of gold left at Comex



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The culprit for the decline was JPM which saw not only a 122,124 ounces of Eligible gold be withdrawn, reducing the total by 13% to 750K ounces, but 8.9K ounces of registered gold was pushed into the Eligible category, in the process reducing total JPM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

Plastic
16th September 2015, 12:49 AM
252 paper ounces per every 1 physical now? Just a week ago it was 228, that's a big increase in a short time.

Neuro
16th September 2015, 02:56 AM
Nice parabolic curve, buy paper gold! ;D

aeondaze
16th September 2015, 03:31 AM
Nice exponential curve, buy paper gold! ;D

Fixed it for ya! ;D

Spectrism
16th September 2015, 09:18 AM
Paper gold sounds great. And I like to eat pictures of food too. That way I can eat three full meals and an enormous dessert without gaining any weight. So when I buy paper gold, I don't have to lift all that weight.

Silver Rocket Bitches!
16th September 2015, 10:42 AM
$12 million in gold is all that's there. If only I were a billionaire and could just snatch it up in one order.

Neuro
16th September 2015, 11:44 AM
Fixed it for ya! ;D
I suppose you're right in the general shape of the graph, but if we are nitpicking it's neither. Since they can't reverse themselves occasionally... ;D

Uncle Salty
16th September 2015, 04:07 PM
27 bars of gold in the vault
27 bars of gold,
take one down, pass it to Xuan,
26 bars of gold in the vault.

26 bars of gold in the vault
26 bars of gold,
take one down, pass it to Xuan,
25 bars of gold in the vault.

mick silver
16th September 2015, 07:22 PM
27 bars of gold in the vault
27 bars of gold,
take one down, pass it to mick
26 bars of gold in the vault.

26 bars of gold in the vault
26 bars of gold,
take one down, pass it to mick ,
25 bars of gold in the vault.