This page has been archived and commenting is disabled.

JPM Reclassifies Another 4.7K Ounces Of Gold Into Eligible

Tyler Durden's picture





 

It's that time again when we cautiously peek at cell H25 of the daily CME Group Metal Depository Statistics worksheet to find if, following Friday's dramatic and volatile trading session in gold, someone, anyone decided to submit a delivery ticket to the JPM vault located at 1 Chase Manhattan Plaza, and reduce the already near record low gold inventory which at last check was just over 5 tons, and just one 163K troy ounce delivery request would lead to all commercial gold at the JPM vault to run down to zero. Not this time.

As it turns, in a carbon copy of Friday's internal conversion, in which 17.5k ounces of gold were selectively converted from Registered to Eligible status (for all those sticklers about nomenclature definition, this is how easy it is to convert one into the other and vice versa and how meaningless said designations really are), on Friday JPM decided to do some more redefinition, and converted another 4.7k ounces of gold from registered into eligible, pushing up the total by a fractional amount to 163.8k ounces, still just a hair's breath away from the all time record low reported last Thursday.

And as a tangent, it is perhaps just as notable that HSBC just saw 76K ounces of its registered gold, or 17% of the total gold stored underneath Bryant Park, exit through the front door, destination unknown, leaving just 378K ounces of registered gold with the London-headquartered bank best known for aiding and abetting international money laundering, without admitting or denying it of course.

The second daily internal conversion in a row:

And the total JPM eligible gold as reported by Comex:

Thus, we look forward to tomorrow's update to see how much more "registered" gold JPM will convert into eligible, or if nobody will continue to demand delivery after the biggest "run" on JPM's vault in history.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 04/29/2013 - 21:01 | Link to Comment Mototard at Large
Mototard at Large's picture

Seriously off topic, but the mainstream media is reporting in Canada on how the Central Banks have a "war on savers".

 

See: http://www.cbc.ca/news/world/story/2013/04/26/f-rfa-macdonald-power-shift-savers.html

Neil Macdonald: The 'monarchs of money' and the war on savers Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit
Mon, 04/29/2013 - 21:05 | Link to Comment Aeternus
Aeternus's picture

They are very obviously dumping their paper positions and hauling off the physical into their private bunkers.

 

Something BIG is about to happen VERY SOON!

 

BEWARE!

http://www.youtube.com/watch?v=fyklt01lN_I

Tue, 04/30/2013 - 00:51 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Never mind JPM. Even bigger amounts are leaving HSBC and Scotia bank. What do the Brits and Canucks know, that we should also?

All off into private bunkers?

Tue, 04/30/2013 - 06:30 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

Bryant Park? Well hey let's get the shovels out~~~

The HSBC vault is the old Republic National Bank vault...wonder if any of the Safra family's gold is hangin' out there on level SC2 ?

Tue, 04/30/2013 - 02:09 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

This thought crossed my mind just after the smack down, the bastards are dumping paper, and buying physical at a discounted price. ....................Oh... FUCK YOU BLYTHE whore bitch, spawn of Satan.

Tue, 04/30/2013 - 06:41 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

A dozen bars fell off the golf cart in the tunnel last week on the way back from 33 Liberty; then Dudley drove over them coming over yesterday and blew a tire...he was damn angry I can tell ya...
so they had to throw in the 4700 oz adjustment

Its a bumpy ride in that there tunnel

Mon, 04/29/2013 - 21:09 | Link to Comment Careless Whisper
Careless Whisper's picture

One day they're gonna let the potheads out of prison, and fill those cells with real criminals.

Mon, 04/29/2013 - 22:13 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

We wish, but don't hold your breath.

Tue, 04/30/2013 - 02:01 | Link to Comment Manthong
Manthong's picture

do chen.. coin shop report from down there?

Mon, 04/29/2013 - 21:24 | Link to Comment THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

Canada's economic president , Garth Turner, would state you have to remove the tinfoil from your hat and don't touch Gold..buy mutual funds and keep your money in the stockmarket..Gold is a relic..The dollar will last forever and ever..and ever..and ever.................................................................................................

Mon, 04/29/2013 - 21:56 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

having the first name garth is the ultimate low ground in an economic argument. LMAO!

 

Mon, 04/29/2013 - 22:31 | Link to Comment Alea Iactaest
Alea Iactaest's picture

Hey, I've got friends in low places...

Tue, 04/30/2013 - 05:20 | Link to Comment negative rates
negative rates's picture

Yes, but for how long?

Mon, 04/29/2013 - 23:44 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Party on Garth.

Tue, 04/30/2013 - 00:57 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

It's code for the Insiders to "buy & hoard". Familiars always look after the Vampire masters.

Mon, 04/29/2013 - 21:05 | Link to Comment LetThemEatRand
LetThemEatRand's picture

The big question is how long they can continue to play this shell game.  

Mon, 04/29/2013 - 21:09 | Link to Comment fonzannoon
fonzannoon's picture

fucking forever. Forget it.

I wonder if JPM just bought a bunch of gold from HSBC.

If we assume these numbers are accurate, then the only explanation I can come up with is JPM said to whoever showed up with a delivery ticket: "I fucking dare you to ask for delivery".

I'm chalking this up to the gold vaults just went the way of the debt ceiling. Permanent suspended animation.

Time to move on to the next non event.

Mon, 04/29/2013 - 21:15 | Link to Comment prains
prains's picture

they said; 'go talk to the black dude standing over there'

Mon, 04/29/2013 - 22:07 | Link to Comment wee-weed up
wee-weed up's picture

Isn't that what the poll watchers said to anyone who wanted to vote other than for Obama at a Philadelphia voting precinct back in 2008?...

You remember... those uniformed menacing-looking Black Panther dudes with billy-clubs...

Those same criminals Obama's AG then threw out the voter discrimination case against. "Holder's people."

Mon, 04/29/2013 - 22:46 | Link to Comment yabyum
yabyum's picture

You mean all four Black Panthers? Jesus, get over it,far better arguments out there.

Mon, 04/29/2013 - 23:11 | Link to Comment wee-weed up
wee-weed up's picture

No!... anyone who believes in the rule of law will NEVER "get over it."

Nor condone an Attorney General and his President who would sweep it under the rug!

Shame on you for even suggesting such a thing!

Mon, 04/29/2013 - 23:47 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Not to stoop into the filth and circularity of the Red Team/Blue Team debate, but are you still equally pissed about Bush v. Gore?  The two Teams are in competition for who can debase the Rule of Law the best.  The theft of America's wealth is occurring because private bankers, military contractors, everyone who benefits from the police state apparatus, etc have bribed politicians.  Start with that and then work down to the puppets once the puppet masters are no longer in control.

Mon, 04/29/2013 - 23:56 | Link to Comment wee-weed up
wee-weed up's picture

"Not to stoop into the filth and circularity of the Red Team/Blue Team debate"...

uhh... you just did!

For your information, I consider Bush II the worst president in American history...

That is... until Obama!

And I'll never forgive Bush for allowing someone as incompetent as Obama to be elected.

Mon, 04/29/2013 - 23:58 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I did stoop, and I am filthy for it.  So why do you care about the panthers if you agree that the entire system is rigged?  How about directing your hostility towards the riggers (yes, that's an "r")?

Tue, 04/30/2013 - 00:13 | Link to Comment wee-weed up
wee-weed up's picture

I do not agree that the entire system is rigged. That's a easy cop-out on your part.

But I will always point out illegal activity when I see it. Do you?

Even if your President and his AG are guilty?

Tue, 04/30/2013 - 00:20 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Not my president, but yes, I do.  I was very caught up in the Red/Blue debate until a few years ago and then after O was elected it finally dawned on me that these guys don't run the show and their sole purpose is to divide us.  And yes, I call out what I see as the important illegal activity on a regular basis.  I no longer view anything politicians do of substance to have anything to do with them.  When Holder blatantly and openly admits that he did not prosecute a single banker because it would negatively impact "the system," I don't blame Holder.  It's like spending all of your time as a cop busting the guys who hijack the trucks instead of the mobsters they work for.

Tue, 04/30/2013 - 00:31 | Link to Comment wee-weed up
wee-weed up's picture

So, we agree on a lot of things...

But... I believe those in powerful elected and appointed positions should be held firmly accountable for their actions, and to absolve them, and instead blame some nebulous powers above them is futile in trying to solve the immediate problem of corrupt elected officials. I prefer to try to deal with exposing the corrupt elected and appointed officials in any way I can.

Tue, 04/30/2013 - 00:41 | Link to Comment LetThemEatRand
LetThemEatRand's picture

I understand your point, but they are not nebulous.  Look at who gave money to whom.   Look at who runs the media that pounds the public with the idea that Ron Paul is a nutcase and frames the debate as whether we have dropped enough bombs on Afghanistan or hired enough TSA agents, and who refuse even to discuss the questions of millions of Americans about 9/11 or Boston.  That's a concrete, good start.  Until these people are held to account, we'll have Romney versus Obama versus Clinton versus Bush forever.

Tue, 04/30/2013 - 05:55 | Link to Comment Western
Western's picture

I just read a number of your comments and decided you're incredibly incredulously idiotic, and fucking dumb too.

 

Also, I think you get paid to post such fecal matter.

Mon, 04/29/2013 - 21:05 | Link to Comment Cdad
Cdad's picture

Honest to God...what will it finally take to put this TBTF disgrace down?  How much wealth does J. Dimon need to destroy, in the name of propping up the failed status quo banking industry...before someone finally leads him off in handcuffs?

This absolutely toxic bank needs to go...period...no need to further discuss anything at all.  Mr. Dimon...isn't it just about time for you to elect to "spend more time with family?"  A grateful nation awaits with profound hope.

Mon, 04/29/2013 - 21:12 | Link to Comment prains
prains's picture

no good just taking dimon away in cuffs you'll need to take all of the wall street playa's as well as congress and potus's past, present and future, then you might have a glimmer of hope at a do over

Mon, 04/29/2013 - 21:25 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

One of the first and most obvious persons who's head needs to be put on a pike is Hank Paulson. He is one of the key players that unchained the beast completely.

Mon, 04/29/2013 - 21:38 | Link to Comment Dr. Engali
Dr. Engali's picture

Hank Paulson was merely a face for the crime syndicate, a small time pusher. He got his marching orders from higher up. Sure it would be nice to see his head on a stick, but busting him is like getting the drug pusher on the street. he goes to jail and the supplier would just get another patsy. The people who really need to hang are those who work behind the scenes.

Mon, 04/29/2013 - 21:44 | Link to Comment fonzannoon
fonzannoon's picture

Hank already looks like his head is on a stick. DB issued 90 million shares of stock today...massive dilution, and the stock went up. no offense to the commentor above with the "something big is about to happen soon" stuff...but the nightmare idea of this going on and on seems to me to be winning out.

Mon, 04/29/2013 - 21:50 | Link to Comment prains
prains's picture

there are so many nameless wall street fucktards that have booked it with millions in their pockets that history will need a steady hand to track all these fuckers down when it comes time, make your kids smart and make them want to retrace their history.

Mon, 04/29/2013 - 22:05 | Link to Comment Dr. Engali
Dr. Engali's picture

When all the central bankers are working in tandem it sure seems like it can go on forever. I think that every major player knows that they have no other choice except to play their game. The first one who tries to get out first will be the one to collapse it all, and who wants that on their plate? They need a distraction to cover for their sorry asses.

Mon, 04/29/2013 - 21:56 | Link to Comment Antifederalist
Antifederalist's picture

Robert Rubin. The mastermind. Should be in jail.

Mon, 04/29/2013 - 23:47 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Didn't that small time pusher get something like 300 million tax avoidance in addition to providing GS a 10 billion parting gift?  Sounds big enough to hang to me.

Mon, 04/29/2013 - 21:32 | Link to Comment 1C3-N1N3
1C3-N1N3's picture

They ain't done yet.

Do you think the current incarnation of the USD is the only currency the FED and commercial banks will ever issue?

When one product bombs out, you come up with other "new and improved" products, yes?

Tue, 04/30/2013 - 00:51 | Link to Comment CitizenPete
CitizenPete's picture

Silly.  It's not about money and wealth. 

Tue, 04/30/2013 - 04:16 | Link to Comment css1971
css1971's picture

All of it...

And it's still not enough.

Mon, 04/29/2013 - 21:04 | Link to Comment Antifederalist
Antifederalist's picture

Blythe: Jamie we have a problem.

Jamie: no, Blythe, you have a problem.

Mon, 04/29/2013 - 22:35 | Link to Comment Alea Iactaest
Alea Iactaest's picture

Blythe: Actually, Jamie, I'll blow you just to see you headfake Congress again like you did on that whole "London Whale" thingy.

Mon, 04/29/2013 - 21:05 | Link to Comment FieldingMellish
FieldingMellish's picture

4700 ozs? What are they doing, looking in the sofa cushions?

Mon, 04/29/2013 - 21:21 | Link to Comment Major Major Major
Major Major Major's picture

If all they could re-jigger is 4,700 ozs, and they still did it, then they are Sofa King Fucked or Sofa King Stupid... maybe both.

Mon, 04/29/2013 - 21:33 | Link to Comment Cursive
Cursive's picture

@FieldingMellish

I'm praying for millions of Indian weddings next month!  Jai-ho!

Mon, 04/29/2013 - 21:06 | Link to Comment TeamDepends
TeamDepends's picture

Commencing rererehypothecation...

Mon, 04/29/2013 - 21:12 | Link to Comment kito
kito's picture

Ohhh puhlease......As if they will let their ledgers create panic....ledgers are also just paper...any amount can be printed on it.......

Mon, 04/29/2013 - 21:14 | Link to Comment fonzannoon
fonzannoon's picture

Kito where are we meeting to celebrate the S&P breaking 1600?

Mon, 04/29/2013 - 21:16 | Link to Comment prains
prains's picture

applebee's

Mon, 04/29/2013 - 21:15 | Link to Comment fonzannoon
fonzannoon's picture

LOL

Mon, 04/29/2013 - 21:33 | Link to Comment Cursive
Cursive's picture

@fonzannoon

I nominate the WTF subReddit.

Mon, 04/29/2013 - 21:53 | Link to Comment prains
prains's picture

 the khakis are a little too tight and one size too short, so you know it can only be applebee's

Mon, 04/29/2013 - 21:21 | Link to Comment Dr. Engali
Dr. Engali's picture

I have to drop by Target and grab a couple things first.

Mon, 04/29/2013 - 21:32 | Link to Comment disabledvet
disabledvet's picture

i'm a Family Dollar man meself.

Mon, 04/29/2013 - 21:34 | Link to Comment Spider55
Spider55's picture

I prefer Blooingdale's myself.

Mon, 04/29/2013 - 21:45 | Link to Comment Alpo for Granny
Alpo for Granny's picture

I prefer Brownells myself...

Mon, 04/29/2013 - 22:09 | Link to Comment Dr. Engali
Dr. Engali's picture

They sell Alpo at Brownells? ;->

Mon, 04/29/2013 - 22:17 | Link to Comment Alpo for Granny
Alpo for Granny's picture

No my good Dr. but they sell lead to protect it.

 

And trust me when this bitch blows there will be plenty of zombies who would love to get at my Prime Cuts in Gravy.

Mon, 04/29/2013 - 21:18 | Link to Comment nmewn
nmewn's picture

Doesn't matter, fiat price of the outing is going up, along with gold ;-)

Mon, 04/29/2013 - 21:42 | Link to Comment kito
Mon, 04/29/2013 - 21:50 | Link to Comment fonzannoon
fonzannoon's picture

all good spots. pizza and bagels. Long island's only hopes. Unless you are talking about the half jewish half italian "pizza bagels" that reside all over the place. 

Mon, 04/29/2013 - 21:59 | Link to Comment kito
kito's picture

Haha.........are you gonna stick it out on the island when your second scenario comes to fruition????? Weren't you looking at Texas????

Mon, 04/29/2013 - 22:02 | Link to Comment fonzannoon
fonzannoon's picture

I am looking at a lot of places. My realistic scenario is things just get a little worse and more difficult instead of the giant shtf moment. Within 5 years i'd like to be relocated. if all hell breaks loose before then I feel better here than anywhere else, if only because i know some good people.

you?

Mon, 04/29/2013 - 22:18 | Link to Comment kito
kito's picture

So no hyperinflation moment????? As for me.....we were looking to be in a less populated area but haven't actually acted on it. That comfort zone is hard to break.....

Mon, 04/29/2013 - 22:24 | Link to Comment fonzannoon
fonzannoon's picture

hyperinflation yes but not zimbabwe. what does it matter if gas is $4 a gallon or $400 a gallon if you don't have a pot to piss in. there is no wage growth. It's all about keeping your head above water now. Brutal.

Mon, 04/29/2013 - 22:46 | Link to Comment kito
kito's picture

so no total destruction of the dollar, no societal breakdown??? just sort of a slow descent into third world status??????

Mon, 04/29/2013 - 21:11 | Link to Comment ToNYC
ToNYC's picture

JPM uses mirrors to slow light speed in new Sting. Flash. Nothing to see here, or there, or where?

Mon, 04/29/2013 - 21:13 | Link to Comment fonzannoon
fonzannoon's picture

The only juicy detail left in this farce is whether Kyle Bass and more specifically UT got left twisting in the wind after dumping phyz and buying futures.

Mon, 04/29/2013 - 21:14 | Link to Comment Dr. Engali
Dr. Engali's picture

For such a barbaric relic there sure is a lot of it moving around.

Mon, 04/29/2013 - 21:16 | Link to Comment nmewn
nmewn's picture

Where is that damned pea?

Mon, 04/29/2013 - 22:03 | Link to Comment Pure Evil
Pure Evil's picture

When will Texas start demanding their gold back again?

 

(Or will another fertilizer plant go poof in 1........2........3........)

Tue, 04/30/2013 - 01:10 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Lads we can wank/wax lyrically all night, or we can augment Tyler' work with some brain equity of our own.

So... I expect that the gold is going either into private hands, into the Fed to re-anchor the USD to gold (and mess with the BRICKs), or it's going into the IMF for gold-backed SDRs.

I fear the latter -- the dark horse -- the most, as it leads to a Global Currency (One To Rule Them All). After that, all bets are off.

Tue, 04/30/2013 - 11:02 | Link to Comment BooMushroom
BooMushroom's picture

The USA doesn't need to hold gold. If anyone demands delivery from the US government of gold, they'll get their order filled in lead and depleted uranium.

Mon, 04/29/2013 - 21:12 | Link to Comment earleflorida
earleflorida's picture

BRAVO!!!

Tyler

Mon, 04/29/2013 - 21:15 | Link to Comment Yen Cross
Yen Cross's picture

     Long testors gold paint.

Mon, 04/29/2013 - 21:37 | Link to Comment cynicalskeptic
cynicalskeptic's picture

too expensive and the cans are too small.... Krylon

Mon, 04/29/2013 - 21:39 | Link to Comment Yen Cross
Yen Cross's picture

   Testors works better on tungsten bars.

Mon, 04/29/2013 - 21:53 | Link to Comment Major Major Major
Major Major Major's picture

Tungsten bars work better as paper gold.

Tue, 04/30/2013 - 06:50 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

The quality only has to be good enough for a clean getaway....and I can get out that back door pretty damn fast.

Mon, 04/29/2013 - 21:12 | Link to Comment caimen garou
caimen garou's picture

what was that guest post? wishes, fantasies,delusions, and dumbasses. jpm fits all of these, and we let them do it!

Mon, 04/29/2013 - 21:18 | Link to Comment doggis
doggis's picture

WHEN THE WAY IS LIT, AND A BANK IS DOIN THE LIGHING - THEN YOU KNOW IT IS A SET UP!

 

THIS IS A SET UP!

 

THIS IS A SET UP!

 

THEY PLAN TO COLLAPSE THE  EQUITY MARKETS AND HAMMER THE PAPER PRICE OF GOLD BACK TO 500$ OZ - WHICH IS WHY THEY ARE MOVING OUT ALL ELIBLE GOLD TO "DESTINATIONS UNKNOWN"!

I SMELL THE ROTTED PLAN FROM HERE!

 

 

Mon, 04/29/2013 - 21:20 | Link to Comment Antifederalist
Antifederalist's picture

Yeah, nothing like real deflation and a 10% interest rate to collapse the economy and hurt the greatest number of people. Seems possible. A mini Volcker move would save their fiat bacon for a while. Also, the 1% have cash. Of course it would be ugly.

Mon, 04/29/2013 - 21:29 | Link to Comment Pareto
Pareto's picture

The absolute very first thing I would do, is buy as much as my grubby little hands could carry, werre gold to go to $500 and Silver to $10 or whatever.  Fuck.  I'd back the truck up. Meep ........Meep ........Meep........ Meep........ Meep

Mon, 04/29/2013 - 22:01 | Link to Comment Jack Napier
Jack Napier's picture

It's not possible to raise interest rates. QE has to stop before they can get un-negative. Banks will stop lending to each other (oh wait, that's already going on?) and crash without QE and ZIRP. No Volcker move is coming. It will be inflate until it's no longer useful, and then pull the plug. We won't see $500 gold in this currency. The paper markets would break before sniffing $1000.

Mon, 04/29/2013 - 21:22 | Link to Comment THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

$500 gold..there wouldn't be an oz left on the planet..computers would be extinct as well as cell phones..the silvertards and goldtards would eat all the silver and gold in the world..$1 silver..ya babbyyyyyy

Mon, 04/29/2013 - 21:26 | Link to Comment Yen Cross
Yen Cross's picture

   Love that silver ;-)

Mon, 04/29/2013 - 21:33 | Link to Comment Bastiat
Bastiat's picture

Pile on some shorts, then,  Doggis-style.

Tue, 04/30/2013 - 02:19 | Link to Comment Shell Game
Shell Game's picture

It's all-caps, it must be right..

Mon, 04/29/2013 - 21:41 | Link to Comment Petrus Romanus
Petrus Romanus's picture

I don't understand, if they are trying to drive down the price why is it headed back to $1500 (and probably beyond)? Also, given the price, currently $1471 as I type, why do the shit heads of the financial media cheer when it drops a little? It's still well above $1000 an ounce! I guess fiat devaluation is one of the things gold price indicates and they need to draw attention away from this?

Tue, 04/30/2013 - 00:33 | Link to Comment WTFUD
WTFUD's picture

" why to the shits of the financial media cheers when gold falls a little?"
Because they are told to do so!

Mon, 04/29/2013 - 21:43 | Link to Comment MxBonanza
MxBonanza's picture

I have just read this tweet

RT @GSElevator: Krugman orders a pizza. Guy asks if he wants it cut into 6 or 8 slices. Krugman says, '8 please. I'm very hungry today.'

Fuck you professor!

Mon, 04/29/2013 - 23:03 | Link to Comment Pool Shark
Pool Shark's picture

 

 

What do you expect? Krugman is an economist.

An economist will tell you that if you sit on a block of ice and set your hair on fire; on average you should be comfortable...

 

Mon, 04/29/2013 - 21:42 | Link to Comment JackT
JackT's picture

Quadruple assay those bars

Tue, 04/30/2013 - 06:49 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Keep the gun pointed at them until the results are in.

Mon, 04/29/2013 - 21:42 | Link to Comment DirkDiggler11
DirkDiggler11's picture

This report is no different than the B.S. COT report from the CRIMEX. You see what they want you to see. How you choose to interpret the message and how you act from there is your own choice.

All I know is never put all if your investment eggs in one basket, even PM's, and do not buy or sell all of a position at once. You rarely if ever hit the exact top to sell, or the exact bottom to buy. The guys that tout they got in and out at the perfect time are only telling half of the story, or they are just plain full of shit. Good luck and God Bless.

Mon, 04/29/2013 - 21:52 | Link to Comment DowTheorist
DowTheorist's picture

Today the secondary trend of gold and silver turned bullish. Time to keep the eyes glued on the daily charts as the primary trend may change to bullish soon as explained here:

 

http://www.dowtheoryinvestment.com/2013/04/dow-theory-update-for-april-2...

 

Mon, 04/29/2013 - 21:53 | Link to Comment Alexandre Stavisky
Alexandre Stavisky's picture

"This is the postwar bonanza for the U.S., which Americans tend to think is due to their superior productive and organizational ability. Actually, it is the collection of tribute from the world, on a scale which makes the Roman Empire pale by comparison. The Americans have had an imperial "bread and circuses" at the expense of the rest of the world. No wonder they are smiling!"

 

http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=154

 

Mon, 04/29/2013 - 22:01 | Link to Comment Seize Mars
Seize Mars's picture

What is going on with JPM?

Mon, 04/29/2013 - 22:04 | Link to Comment Bloody Chiclitz
Bloody Chiclitz's picture

Anybody else see the pattern of 0hedge posting hard financial pieces AM and click bait for the reloading/illuminatti blaming/tub thumpin/silver stackin bunker builders PM?

Mon, 04/29/2013 - 22:12 | Link to Comment Pure Evil
Pure Evil's picture

You're just jealous cause you didn't think of 0hedge first.

So, all you're left with is bitchin' and whinin' and making sarcastic remarks about someone else's success.

Mon, 04/29/2013 - 23:50 | Link to Comment MortimerDuke
MortimerDuke's picture

Yes, I noticed.  But I don't care.  It's perfect reading whilst tub thumping.  Besides, there's nothing better to do when you're flying solo in the bunker and the silver's been stacked and the guns are loaded for bear.  But I have no idea where you get this illuminati stuff.  Nobody believes that stuff.  I think the Rosacrucians are a bigger risk.  And the Masons.

Tue, 04/30/2013 - 06:27 | Link to Comment css1971
css1971's picture

Europeans vs Americans.

Tue, 04/30/2013 - 06:49 | Link to Comment Ghordius
Ghordius's picture

timezone-wise, yes. though many ZHer live/work abroad, and some are nightbirds

nevertheless, after a certain hour ZH becomes - for lack of a better word... parochial

Tue, 04/30/2013 - 06:41 | Link to Comment RSBriggs
RSBriggs's picture

That's so when they look at what you're browsing at work, they see financial articles.  Later on, you can read the conspiracy articles once you get home without having it noticed at work.  Actually, it might also have something to do with the finanacial markets being open during the day so there is financial stuff to write about - then needing click-grabbing filler articles at night...

Mon, 04/29/2013 - 22:21 | Link to Comment Number 156
Number 156's picture

I get the feeling there is a game afoot. 

What if the whole purpose is to get as much of the gold they have into the hands of the general public, then at some key moment, tax everyone for any transfer or sale of the gold. The returns will be greater than sitting in a dusty vault. I can think of several what ifs...

JPM doesn't just roll over and die, not when you're virtually the fourth branch of government.

Mon, 04/29/2013 - 22:14 | Link to Comment bugs_
bugs_'s picture

this is a dirty scratched up gold bar with "scrap" crossed out and "eligible" written in crayon.

Mon, 04/29/2013 - 22:33 | Link to Comment holdbuysell
holdbuysell's picture

This is indeed a bank run. When the level or pace reaches a certain level...system reboot will commence.

This is reminiscent of the last monetary regime change when the situation became intolerable and Nixon shut it down.

The question is what is the level or pace to induce the trigger?

Mon, 04/29/2013 - 22:38 | Link to Comment jonjon831983
jonjon831983's picture

US mint updated within last few hours.

http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2013

 

Looks like ASE's finally updated as well, approx 500K increase.  AGE`s 1K up.

Mon, 04/29/2013 - 22:45 | Link to Comment jim249
jim249's picture

I just learned something new. No platinum since 2008. Been sleeping I guess!

Mon, 04/29/2013 - 23:32 | Link to Comment WelfareFTW
WelfareFTW's picture

WTF is this shit... 4.7K ounces re-classified... JPM should up and die already so we can get on with our lives... we want EXCITEMENT and ACTION!!!

Tue, 04/30/2013 - 00:35 | Link to Comment Gamma735
Gamma735's picture

The physical gold run is on. Soon ownership of gold will be illegal or defined as money laundering. Confiscation is next.

Tue, 04/30/2013 - 01:40 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

You may be run, but I hope you're wrong. That one is a bear to mitigate. Move it far offshore, or bury it well for a long time. Should you decide that your/ our government has been hijacked by frauds and criminals.

Tue, 04/30/2013 - 01:49 | Link to Comment q99x2
q99x2's picture

Everything is a virtual game. There are enough resources and wealth to last 10 billion people on unemployment, disability and student grants with housing and food for the next 100 years. Who is to argue otherwise.

Re-distribute the stolen wealth from the bankster globalists and lets see where we stand.

Tue, 04/30/2013 - 04:11 | Link to Comment css1971
css1971's picture

Searching down the back of the sofa for change.

Tue, 04/30/2013 - 08:02 | Link to Comment Bloody Chiclitz
Bloody Chiclitz's picture

Sorry, I was away thumping my tub.

I'll admit I have bunker envy.

(OK the real deal: Queen Elizabeth told J Dimon to tell me to chill but with tub thumping and whatnot I missed the text.)

(OK the real real deal: Queen Elizabeth is a cranky old lady who can barely find her own butt with a handfull of charmin and I'm bored and typing this in my robe before work)

(OK the real, real, real deal: never mind my tub is calling)

Tue, 04/30/2013 - 09:10 | Link to Comment FreeNewEnergy
FreeNewEnergy's picture

Depending on how much you are purchasing, gold on ebay (the new, real market for PMs) is selling for anywhere between $1550 and $2000, per ounce, the higher number being the price paid for fractions of ounces or even fractions of grams (1/10 grams are ridiculously priced, well over $2k/oz.).

The high end on the scale - for the smallest amounts - seems to indicate that a mania is gradually forming. Small-timers with limited resources are thinking, "I MUST have some gold, no matter the cost." Many 1/10 oz gold coins are selling for well over $200.

If the trend accelerates and gold and silver become recognized as worthwhile investments or hedges - no matter how small the amount - by just 2% of the population in the US, expect gold at $2k to be the norm, rather than the exception per small denominations.

I'm seeing plenty of 1 oz. gold bars and coins going for upwards of $1550, most at $1600 and higher. Krugerrands are holding pretty steady for 1 oz coins at $1525-1560, with a rare one going for right at $1500, but not often.

Since ebay is charging 10% fees to sellers, the sellers are getting premiums insufficient to compensate for said fees, making it a real buyers' market. Demand is through the roof. Any properly-priced auction sells, usually with multiple bidders. Silver is still getting roughly $28-31 per ounce over all varieties of coins, bars and denominations.

Do NOT follow this link or you will be banned from the site!