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JPMorgan Receives No New COMEX Gold Today, Converts Registered Into Eligible

Tyler Durden's picture




 

Anyone waiting with bated breath for the moment when cell H25 in the daily Comex gold inventory update (the one showing JPM's total holdings of Eligible gold) shows 0.000 will have to wait at least one more day. According to today's update, as of Thursday (so excluding today's post-Europe close gold shenannigans) JPM's eligible for delivery gold inventory did not receive any new gold, which started the day at yesterday's record low (for the firm) level of 141,581.5 troy ounces, and would have ended flat, had it not been for the reclassification of 17.5k ounces of registered gold into eligible.

 

The tiny move barely registered on the long-term chart, however, which still remains just a hair's width away from record lows, and from zero.

To find out what happens with JPM's gold after today's volatile gold session, check back same time, same place on Monday.

 

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Fri, 04/26/2013 - 17:28 | 3503945 Ancona
Ancona's picture

Looks like someone is dangerously close to getting monkeyhammered in the gold pits.

Fri, 04/26/2013 - 17:27 | 3503951 true brain
true brain's picture

Jpm

Fri, 04/26/2013 - 17:29 | 3503957 idea_hamster
idea_hamster's picture

It was Dimon in the Gold Pit with the Monkeyhammer?

Fri, 04/26/2013 - 17:33 | 3503961 nope-1004
nope-1004's picture

Musical chairs.  Hope this pig dies.  Couldn't happen to a nicer group of two-faced theives.

 

 

Fri, 04/26/2013 - 17:34 | 3503967 JoeSexPack
JoeSexPack's picture

Deathwatch, I pray.

 

Not the end of the world, but the end of a very corrupt era.

Fri, 04/26/2013 - 17:34 | 3503968 Oldballplayer
Oldballplayer's picture

I think I saw Jamie at the town pond on the way home tonight. He was picking up every goose by the neck and thrusting his other up their ass looking for gold eggs.

Fri, 04/26/2013 - 18:31 | 3504131 Son of Loki
Son of Loki's picture

I think I saw Jamie crusing the Newmont Mint in Seattle the other day....Charlie Munson was in the back seat incognito in drag the rumor has it.

Fri, 04/26/2013 - 17:29 | 3503950 IridiumRebel
IridiumRebel's picture

I fear that the JPM beastie is luring us all in for the fuckass. I hope I am wrong. Satan plays a long game. Beware!

Fri, 04/26/2013 - 17:35 | 3503970 McMolotov
McMolotov's picture

There's something hinky going on, and I really doubt us average peons will end up benefiting from whatever it is.

Fri, 04/26/2013 - 17:52 | 3504027 debtor of last ...
debtor of last resort's picture

From here, things can only get better. Hey, you already choked on the poisoned $700,- apple....

Fri, 04/26/2013 - 18:08 | 3504062 bluskyes
bluskyes's picture

I sense you have been down this road before. :D

Fri, 04/26/2013 - 18:08 | 3504067 redux2redux
redux2redux's picture

The rules of the game are simple:

1) They win, you lose
2) You are not allowed to stop playing

Fri, 04/26/2013 - 18:15 | 3504085 tip e. canoe
tip e. canoe's picture

2b) (well, yes you are, but you have to use the super-duper-secret decoder ring to figure how to say "I prefer not to" in a way that they will accept, albeit begrudgingly.)

Fri, 04/26/2013 - 18:49 | 3504174 knukles
knukles's picture

+1 for hinky

Fri, 04/26/2013 - 20:35 | 3504473 Long_Xau
Long_Xau's picture

Satan never wins the long game. He may only win some short game battles.

Fri, 04/26/2013 - 17:29 | 3503952 Doubleguns
Doubleguns's picture

zero, come on zero, fell like I am at the roulette table.

Mon, 04/29/2013 - 10:36 | 3509879 Doubleguns
Doubleguns's picture

Lets toss them one at a time onto the table and roll the hell out of it. LOL

Fri, 04/26/2013 - 17:29 | 3503954 akak
akak's picture

So what happens when it does hit zero?

Fri, 04/26/2013 - 17:30 | 3503963 McMolotov
McMolotov's picture

You're gonna see some serious shit. No wait, that's 88mph.

Fri, 04/26/2013 - 17:45 | 3504008 HelluvaEngineer
HelluvaEngineer's picture

I need a car with stainless steel body panels. Just sayin'

Fri, 04/26/2013 - 20:52 | 3504534 SnobGobbler
SnobGobbler's picture

not until the dealer tells you to wipe it with gallons of WD40 per year; brillo not included! 

p.s jamie dimon: fuck you and your SNAP-wagon!

Fri, 04/26/2013 - 17:35 | 3503972 Cursive
Cursive's picture

@akak

Nothing.  However, if it goes negative, and assuming the CME board actually does its job, Jamie will have to start using his "fortress balance sheet" to acquire physical gold for delivery.  That would be an interesting scramble.  Does anyone trust the CME board to do the right thing?

Fri, 04/26/2013 - 17:41 | 3503993 fonzannoon
fonzannoon's picture

Cursive could JPM instead start calling in loans they have against other banks and force them to part with their shiny instead?

Fri, 04/26/2013 - 17:50 | 3504019 Cursive
Cursive's picture

@fonzannoon

Without direct knowledge, I think it would at least be a two step process.  I would assume that most interbank loans are denominated in dollars, so at best JPM would have to cash those out and then purchase the physical gold for delivery.  That also assumes that JPM has substantial callable loans.  The overnight repo market would be the first place to raise some cash*, but I have no idea if JPM is long or short there.

 

ETA: *Assuming BernanQE doesn't extend a super-secret, super-special Fed loan to JPM.  JPM is one of the banks - and probably the biggest fish in that tank - that owns the Fed, afterall.

Fri, 04/26/2013 - 17:51 | 3504030 fonzannoon
fonzannoon's picture

I hear you, I mean I wonder if JPM can trip up a derivative to the point of bringing another bank to the brink and then make them an offer (gold) in exchange for survival (letting them off the derivative hook)

You may have no direct knowledge but I am totally and completely talking out of my ass.

Fri, 04/26/2013 - 18:06 | 3504045 Cursive
Cursive's picture

@fonzannon

Precarious time for Jamie.  One the one hand, his arrogance must sustain him for 90% of the day.  But, for the other 10%, he must be having panic attacks that make Amanda Bynes look staid.  He can always play the Fed card if he needs it, but that would be an embarrassing admission that he was naive and wrong.  So, yeah, all options are probably on the table including some kind of takedown of a lesser light to keep his ponzi afloat.  If I was in hock to JPM, I'd correct that ASAP.

 

ETA:  Forget to mention that you are talking out of the same ass that Jim Willie is.  See this:

http://www.dailypaul.com/191450/jim-willie-jp-morgan-crashed-mf-global-t...

Fri, 04/26/2013 - 18:12 | 3504071 fonzannoon
fonzannoon's picture

Here is what I find more interesting and no one is talking about it. Dimon may be constipated but  Bernanke tapped out then fainted in the corner. No Jackson hole? Scheduling conflict?

translated

I CAN'T TAKE IT NO MORE

Fri, 04/26/2013 - 18:19 | 3504089 Bastiat
Bastiat's picture

Like Max Baucus (D-Montana) Chair of Senate Finance committee.  Going to Montana soon.

Fri, 04/26/2013 - 18:58 | 3504192 knukles
knukles's picture

Guys, you're all assuming that every ounce of gold leaving the JP vault is JP's and JP's alone.
Their vault holds gold for a lot of other folks.
It may not be JP who are meeting calls, demands for physical.  If it's other folks who get caught with no real shiny as JP's vault goes empty, JP does not take the hit.

Think of it this way.  You and the Misses share a Safe Deposit box at your local Wells Fargo branch.  In it you keep a boat load of cash, all the cash you got.  Mrs keeps going there for cash unbeknownst to you.  Pretty soon she empties the box.  Unbeknownst to you.  She skips town with her shrink, priest and bartender for a life of unlimited partying.  You go in to get a big lot of said cash, but there's none left.  That's between you and the Misses.  Wells Fargo has no responsibility for what you two have done with said cash.  They've just done the job of facilitating said box and your access thereto.

Don't think immediately that this all falls on JP's shoulders.
It may, it may not.

Fri, 04/26/2013 - 19:03 | 3504207 fonzannoon
fonzannoon's picture

I am assuming Knucks that there are a lot more people out there laying claim to what is left in that vault then what is actually left in that vault. So should they get wiped out, and a whole bunch of people get the shaft, what happens to the vaults at every one of those other banks immediately after? Also, do the banks pledge their respective gold as collateral on their other transactions? If so, then what happens?

Fri, 04/26/2013 - 20:40 | 3504484 cifo
cifo's picture

Why can't JPM just borrow some more physical? Or buy a few (cheap) gold companies for that matter?

Sat, 04/27/2013 - 03:08 | 3505099 Alasdair
Alasdair's picture

In this case, I don't think it's the Mrs. grabbing the money.  Isn't more a matter that the bank is telling you the money is there when it's not?

Fri, 04/26/2013 - 18:13 | 3504074 tip e. canoe
tip e. canoe's picture

@fonz & cursive, tinfoil hat theory of the day:

did you watch the Secret History of Gold?   remember the section about the vessel that was recovering all that sunken bullion from the shipwrecks at the bottom of the sea?   betya JD has that skipper on speeddial and is rummaging over old treasure maps in his home study over the weekend.

x marks the spot bitchez

Fri, 04/26/2013 - 21:00 | 3504554 SnobGobbler
SnobGobbler's picture

no jpm, no breadline for east coast; think about it...no gold...no ebt.. shtf cyprus style with another SIFI-rape-collapse!? 

 

i always hated their railroads, fuck em'

Fri, 04/26/2013 - 17:35 | 3503981 fonzannoon
fonzannoon's picture

Akak I see two scenario's. Either it does hit zero and nothing happens, or it just gets pegged right where it is from here on out. At some point Jamie Dimon will be on a conference call:

Reporter: "Mr. Dimon can you comment on JPM's inventory depletion of gold?"

JD: (loudly chewing potato chips) "So fuckin what?"

Reporter: "okay, back to commercial loans....."

Fri, 04/26/2013 - 17:45 | 3504007 tmosley
tmosley's picture

Shit goes negative as they summon paper gold from The Pit.

Fri, 04/26/2013 - 17:49 | 3504013 fonzannoon
fonzannoon's picture

and what happens when there is no phyz behind that paper?

Fri, 04/26/2013 - 17:52 | 3504034 Sofa King Confused
Sofa King Confused's picture

Do you really believe there ever was any? Interesting.

Fri, 04/26/2013 - 18:05 | 3504059 kito
kito's picture

You think Jamie would lend any of his personal stash to jpm to cover the shortfall?????

Sat, 04/27/2013 - 08:56 | 3505276 steve from virginia
steve from virginia's picture

 

 

Wait until the oil wells start running out ... just like the gold miners are ...

 

"Sorry, we're all out of physical ..."

Fri, 04/26/2013 - 17:53 | 3504037 Cursive
Cursive's picture

@fonzanoon

Default and whatever that looks like....

Fri, 04/26/2013 - 17:51 | 3504022 negative rates
negative rates's picture

J.P. hot pants's catch fire, and travel straight to his hair which lite like a Michael Jackson pepsi commercial.

Fri, 04/26/2013 - 18:17 | 3504092 auric1234
auric1234's picture

Then JPM will be a bank with no money, just like the Fed.

 

Fri, 04/26/2013 - 17:33 | 3503955 CitizenPete
CitizenPete's picture

Can they do that?  CAN THEY DO THAT? 

 

 

Quick shine the <<< Matt Taibbi >>> spotlight into the clouds over Gotham.  Somebody (who can tune a yuke) please write a song about it. 

Fri, 04/26/2013 - 18:57 | 3504198 knukles
knukles's picture

Uncle Warren palys the Uke....
Got yourself in deep yogurt now, fellah....

Fri, 04/26/2013 - 19:06 | 3504223 Urban Roman
Urban Roman's picture

Registered => Eligible

Rehypothecation, bitchez!

Fri, 04/26/2013 - 17:31 | 3503959 Common_Cents22
Common_Cents22's picture

in other news, JP Morgan bought 1,362 cases of gold spray paint, and  2 truckloads of bricks, citing a large HQ redecorating project.

Fri, 04/26/2013 - 17:30 | 3503964 IridiumRebel
Fri, 04/26/2013 - 17:53 | 3504036 Common_Cents22
Common_Cents22's picture

Dimon is taping a "we buy your gold jewelry" commercial for late night TV.

Fri, 04/26/2013 - 18:12 | 3504077 IridiumRebel
IridiumRebel's picture

i walk by the morgue 4 days a week......they have a banner they are starting to hang stating, "WE BUY GOLD."

 

Fri, 04/26/2013 - 18:10 | 3504072 Common_Cents22
Common_Cents22's picture

late breaking news, JP Morgan to convert 395 retail banking branches to "we buy gold" pawn shops.

Fri, 04/26/2013 - 17:33 | 3503966 fonzannoon
fonzannoon's picture

they suspended gravity. what a surprise. 

Fri, 04/26/2013 - 17:35 | 3503980 McMolotov
McMolotov's picture

"I am the law (of gravity)!" —Judge Dimon

Did you ever figure out what you saw last night? I had a nice dream about a plane crash thanks to you.

Fri, 04/26/2013 - 17:39 | 3503985 fonzannoon
fonzannoon's picture

I wish I knew McMolotov. I will check again tonight. It was bizarre man. I only brought it up because I wantto see if anyone else on here has seen weird shit as well. Looks like I was not alone.

Fri, 04/26/2013 - 18:06 | 3504054 morning
morning's picture

where? you mean physically or mentally? i've been having these epiphanies. obama's scar falls off and metal gleams through. then the socialists become the deer in the headlights.

Fri, 04/26/2013 - 18:10 | 3504065 kito
kito's picture

Aunt in Oceanside was in Virginia......

Fri, 04/26/2013 - 18:15 | 3504080 fonzannoon
fonzannoon's picture

She's in on it!

Sat, 04/27/2013 - 00:45 | 3504994 Vlad Tepid
Vlad Tepid's picture

I musta missed the thread.  What was seen where?  This sounds cool.

Fri, 04/26/2013 - 17:36 | 3503976 BurningFuld
BurningFuld's picture

Let me tell you all a secret.

 

Anyone who has physical gold in their possession right now is NOT LETTING GO!

Fri, 04/26/2013 - 19:02 | 3504214 Jim B
Jim B's picture

or silver.  I bought silver to get rid of fiat, I certainly won't be selling anytime soon.

Sat, 04/27/2013 - 00:58 | 3505000 Deo vindice
Deo vindice's picture

+1

Fri, 04/26/2013 - 17:36 | 3503983 azengrcat
azengrcat's picture

They have cornered the fiat market

Fri, 04/26/2013 - 17:45 | 3504010 debtor of last ...
debtor of last resort's picture

Seems like i have beaten JPM with my physical holdings of a few hundred ounces of silver and a byte out of the gold pie.

Whokuddaknow?

Fri, 04/26/2013 - 17:51 | 3504032 PUD
PUD's picture

Obviously the child labor in West Africa needs more motivation. Maybe there is a mercury shortage or some pesky endangered species slowed down the destruction of a patch of forest covering that gold which is rightfully theirs and of course yours.

Fri, 04/26/2013 - 18:13 | 3504075 vulcanraven
vulcanraven's picture

Do your fingers ever get tired?

Fri, 04/26/2013 - 18:13 | 3504081 akak
akak's picture

You mean his palms, right?

Sat, 04/27/2013 - 01:03 | 3505005 Deo vindice
Deo vindice's picture

PUD - do you have any idea of the environmental impact to create the energy to provide the electricity to run your computer so you can write about environmental damage is?

Sat, 04/27/2013 - 03:41 | 3505115 StychoKiller
StychoKiller's picture

Probably the same as yours, or are you using two tin-cans and string?

Fri, 04/26/2013 - 18:12 | 3504076 akak
akak's picture

I just finished a very delicious baby seal steak, and was thinking of washing it down with the warm blood of African child slaves, but you know what they say, always drink red with meat, white with seafood.

Fri, 04/26/2013 - 19:05 | 3504220 PUD
PUD's picture

So sad and sick that you would write that...even sadder and sicker that others would find humor in it.  No wonder the world is the way it is.

Fri, 04/26/2013 - 19:13 | 3504228 akak
akak's picture

Clubbing baby seals to death is my alternative lifestyle choice, and I demand that you respect it!

Now, where did I put that 'unfair trade' slave-labor-produced chocolate?

Sat, 04/27/2013 - 11:30 | 3505471 hoos bin pharteen
hoos bin pharteen's picture

I hear free range baby seal makes some great biodiesel... Al Gore would be proud.

Fri, 04/26/2013 - 19:13 | 3504231 knukles
knukles's picture

Aw, just have a brain slushie for dessert.

Fri, 04/26/2013 - 20:20 | 3504435 mt paul
mt paul's picture

mmmm

seal

nobody can eat just one...

Fri, 04/26/2013 - 20:37 | 3504483 akak
akak's picture

LOL!

I laughed triply hard after noticing your avatar.

Fri, 04/26/2013 - 20:35 | 3504478 PiratePawpaw
PiratePawpaw's picture

Thats wrong.......but funny. +1

Sat, 04/27/2013 - 01:58 | 3505054 Me_Myself_and_I
Me_Myself_and_I's picture

South African you mean, right?

The hints of cherry are more pronounced from that appellation.

Fri, 04/26/2013 - 19:03 | 3504208 Jim B
Jim B's picture

PUD If you have any gold you want to get rid of, to assuage your guilt, I will send you my mailing address.  You know rings, coins, teeth, family heirlooms .....

Fri, 04/26/2013 - 19:21 | 3504249 Diogenes
Diogenes's picture

I only buy Canadian gold, mined by union miners, refined by union refiners, in a government inspected refinery meeting all environmental regulations,  minted by the Canadian government mint, which I buy from a Canadian chartered bank.

Your move.

Sat, 04/27/2013 - 07:51 | 3505249 Overflow-admin
Overflow-admin's picture

Time to take your pill (#winning comment from SilverIsKing)

Long time lurker... only posted a few times but I have to finally do my best to shut you up PUD because I mainly lurk here on my iphone for the comments and you're doing nothing but pissing me and the rest of us off. You're fucking wrong dude and it's truly depressing how convinced you are in your nonsensical belief.

 

1) The human population has doubled since the US left the Gold Standard in 1971 

The monetary system we are currently using is causing consumption to be totally out of whack with the resources on the planet. A gold backed system never would have allowed the population bubble to get to where it's gotten. The FIAT Reserve Dollar is why we've seen such exponential growth in the planet's population. The majority of the planet lives on a dollar a day. Most of these people should have never been born and in a gold backed system probably wouldn't have been. This monetary system gives rise to unsustainable levels of population which has absolutely given rise to unsustainable consumption of the world's natural resources.

 

This is the single biggest contributing factor to the environmental decay of the planet and you have to be a fucking retard not to understand it. Endless paper money = More Humans = More consumption. We continue to try and sustain the earth at a level of consumption that cannot last. This has only been made possible because it's been so easy for so many decades to turn a worthless piece of paper into material goods.

This is what a lot of people here don't recognize, or don't care about, so often people call it a conspiracy against the people when in fact I believe it's simply politicians refusing to allow all of it to crash because BILLIONS (mostly in the 3rd world) will have to die in order for a real reset back to equilibrium to happen and no one wants to be responsible for it so they insanely do exactly what got us into this mess to begin with. The longer we go without metals being used as money the more people are going to die in the long run and the worse the enviromental impact will be.

 

2) Considering this... 

It's the reason we've trashed through so much of the earth so quickly. Humans simply cannot understand exponential growth when it's staring them in the face. Consider all of the environmental impacts in the world these past decades... ALL OF THEM have been made worse by the fact that an unlimited money supply causes us to be able to consume at an unnatural rate.

This is important because being the dumbass that you are you piss and whine and moan all fucking day about the environmental impact of 1 useless commodity without considering the environmental impact of the FIAT DOLLAR SYSTEM and how it effects the consumption of ALL resources. If there was a set amount of dollars based around metals, and we couldn't steal from the future to pay for the present, then these crazy levels of total consumption, AND THUS ENVIROMENTAL IMPACT, would be DRASTICALLY reduced. Even if we just ended fractional reserve banking the environmental impact would be insanely positive.\

 

3) Yet... 

Yet here you are... in a forum filled with people who are heavily influenced by Austrian Economics... arguing against the foundations of a sound money system (that would reign in the environmental impacts of unsustainable consumption) by arguing about JUST the impact of gold without seeing the bigger picture.

The absolute short-sightedness in your argument is so breathtaking I was convinced you were only doing this as a joke, perhaps to ruffle some feathers for fun, but your incessant stupidity on this issue has become so unnerving that it's caused even a lurker like me to post. Are you really so blind? Is your hatred of gold so great that you can't see that the environment, you're supposedly so concerned about, is being ravaged by our paper dollar system more than ANYTHING else?

Finally, your arguments, while admirable for their fight, are so flawed based around this simple concept I, and others, have presented that NO ONE here (here at a forum based around free-market economics) will EVER, EVER, EVER, EVER, EVER be convinced by your incoherent drivel towards the issue. You will convince no one and you are wasting not only your time but also everyone else’s. We literally have 75 years on this planet (if we're lucky), in a universe that is 14billion years old, and you’re seriously choosing to spend your flash in a pan existence arguing with people you will never convince otherwise. I mean Jesus dude... the stupidity truly is breathtaking on so many levels. 

Please stop spamming us with your flawed arguments and go do something with your short life that might actually make a difference in the environment or whatever it is you aim to do. You’re wasting your time and taking up space.

-Thanks

 (All ZHers please feel free to spam this reponse to PUD everywhere from here on out)

Sat, 04/27/2013 - 08:33 | 3505267 WAMO556
WAMO556's picture

Obviously a product of the WEST!! The small people of other countries work to provide for their families, while children of the west learn Dancing with the Stars and how to work an APPLE.

Fri, 04/26/2013 - 18:11 | 3504069 Divine Wind
Divine Wind's picture

 

 

If we collectively ignore PUD, he WILL go somewhere else.

Don't respond.

Fri, 04/26/2013 - 18:22 | 3504101 akak
akak's picture

His guardian angel told God "Fuck this shit".

When he was born, his mother cried instead of him.

Mother Theresa once kicked him in the nuts.

He is ... the most infuriating man in the world.

 

"Stay stupid my friends."

Sat, 04/27/2013 - 01:07 | 3505008 Deo vindice
Deo vindice's picture

Then again, meeting his arguments with cogent, well-articulated and reasoned replies would show the thousands who read this site that there are rational reasons for disagreeing with his position.

I may not agree with PUD's view. But I respect his right to hold and express it.

Fri, 04/26/2013 - 18:36 | 3504130 IridiumRebel
IridiumRebel's picture

I said the same thing yesterday and then I responded and the then KirkNCC1701 called me a pussy and then I said I was tough after crying a little and then StaringStraight said I was a 90 pound wimp and then I cried really hard. I'm ok now. 

Fri, 04/26/2013 - 18:35 | 3504133 Son of Loki
Son of Loki's picture

Jamie's going to croak when he watches the silly metal rise above $2,000 next time...hard to stop market forces. Ask Nixon, the "Price Control" guru who got punked back in the 1970s.

Fri, 04/26/2013 - 18:42 | 3504152 Smuckers
Smuckers's picture

Whoa ooh ohh, Jamie's buyin'

Fri, 04/26/2013 - 19:07 | 3504218 NoWayJose
NoWayJose's picture

Going, going, going.....

Fri, 04/26/2013 - 19:08 | 3504224 jonjon831983
jonjon831983's picture

Say what?  You can just flip it like that with a key stroke?

 

Registered... eligible.... eligible... registered.  Genius...

Fri, 04/26/2013 - 20:09 | 3504401 Lmo Mutton
Lmo Mutton's picture

Aaaaand its gone.........

Fri, 04/26/2013 - 20:24 | 3504454 mt paul
mt paul's picture

there is no silver avaiable 

in fairbanks alaska...zero

30 day back ordered

 4 $ over spot

at the Oxford shop..

Fri, 04/26/2013 - 20:42 | 3504486 akak
akak's picture

Hey Mt. Paul, the last I heard, the premium at Oxford for silver Eagles or Maple Leafs was $8 per coin!

Sat, 04/27/2013 - 01:06 | 3505010 Deo vindice
Deo vindice's picture

Earlier this week ... $6 - $6.50 for sure.

Fri, 04/26/2013 - 21:07 | 3504573 rokka
rokka's picture

Where's the fucking gold, Lebowski?

Fri, 04/26/2013 - 21:26 | 3504634 whoopsing
whoopsing's picture

Whats all this talk of a "treefort"  balence sheet? Sounds kinda shaky to me

Fri, 04/26/2013 - 22:20 | 3504770 are we there yet
are we there yet's picture

I feel like renting the DVD 'Goldfinger' and looping the interior scene of fort Knox. THe last time the public saw their gold or had a real president and congress connected to real people, with a real news media.

Fri, 04/26/2013 - 22:29 | 3504797 are we there yet
are we there yet's picture

Anytime nothing makes sense to the public, then work backward and imagine what secret would have to be true for it to make sense behind the scenes.

Fri, 04/26/2013 - 23:45 | 3504940 nestle
nestle's picture

I am shorting gold here.  who's going to bitch about it?

Sat, 04/27/2013 - 07:18 | 3505233 bombdog
bombdog's picture

I wouldn't bitch but would be curious to know if a bullion bank making bearish predictions was taking the long side of your contract.

Sat, 04/27/2013 - 02:11 | 3505065 Me_Myself_and_I
Me_Myself_and_I's picture

If you had to take one of two courses of action below and live with the outcome for five years, what would you do?

Sell your gold for cash, or

Buy stock in JPM

Sat, 04/27/2013 - 10:21 | 3505367 pbr streetgang
pbr streetgang's picture

JPM ARE ONE OF THE MONEYCHANGERS,GOD WHENEVER YOUR

READY

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