Message:

<p>[QUOTE=&quot;InfleXion, post: 1725172, member: 29012&quot;]I realize we are far off topic but in continuation of the previous conversation - this article is a day old.</p><p><br /></p><p><a href="http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate" rel="nofollow">http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate</a></p><p><br /></p><p>With a massive 6,208 (or 80% of the total in the entire Comex system) Customer Delivery issues outstanding against JPM <a href="http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsYTDReport.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsYTDReport.pdf" rel="nofollow">so far in June alone</a>, many have been wondering - how and when will the firm reconcile what is seemingly more demand for JPM vaulted gold than the firm has in its possession?</p><p><br /></p><p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/06/JPM%20comex%20issues_0.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>While we still don&#039;t have the answer, what we do know is that as of an hour ago when the Comex released its <a href="http://www.cmegroup.com/trading/energy/files/Gold_Stocks.xls" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cmegroup.com/trading/energy/files/Gold_Stocks.xls" rel="nofollow">daily vault depository statistics</a>, JPM has said goodbye to another 28.4% of all of its vaulted gold - the largest one day withdrawal since April 25, the result of the departure of 61.5% of its Eligible gold, or 218k troy oz, as hundreds of thousands of registered ounces in the bast few weeks have seen warrant detachment.</p><p><br /></p><p>Which means that as of last night, total gold held by JPM has fallen to a new fresh all time low of just 550k ounces, down from 768K the day before, and total eligible gold of only 136,380 troy oz in inventory (just over 4 metric tonnes) - <b>also a record low</b>.</p><p><br /></p><p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/06/JPM%20Comex_0.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Whoever is &quot;running the JPM vault&quot; shows no sign of relenting. At this pace, the world&#039;s biggest gold vault located below 1 CMP, and just next to the Fed&#039;s own gold vault, will be empty in about 1.5-2 months.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in