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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.

 

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Mon, 04/29/2013 - 21:01 | 3512067 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 | 3512083 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 | 3512799 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 | 3513110 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 | 3512949 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 | 3513119 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 | 3512087 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 | 3512330 DoChenRollingBearing
DoChenRollingBearing's picture

We wish, but don't hold your breath.

Tue, 04/30/2013 - 02:01 | 3512931 Manthong
Manthong's picture

do chen.. coin shop report from down there?

Mon, 04/29/2013 - 21:24 | 3512107 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 | 3512242 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 | 3512394 Alea Iactaest
Alea Iactaest's picture

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

Tue, 04/30/2013 - 05:20 | 3513065 negative rates
negative rates's picture

Yes, but for how long?

Mon, 04/29/2013 - 23:44 | 3512629 RaceToTheBottom
RaceToTheBottom's picture

Party on Garth.

Tue, 04/30/2013 - 00:57 | 3512813 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 | 3512071 LetThemEatRand
LetThemEatRand's picture

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

Mon, 04/29/2013 - 21:09 | 3512097 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 | 3512122 prains
prains's picture

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

Mon, 04/29/2013 - 22:07 | 3512307 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 | 3512456 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 | 3512526 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 | 3512634 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 | 3512676 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 | 3512684 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 | 3512714 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 | 3512724 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 | 3512759 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 | 3512775 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 | 3513083 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 | 3512072 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 | 3512089 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 | 3512155 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 | 3512185 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 | 3512202 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 | 3512236 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 | 3512259 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 | 3512260 Antifederalist
Antifederalist's picture

Robert Rubin. The mastermind. Should be in jail.

Mon, 04/29/2013 - 23:47 | 3512637 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 | 3512169 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 | 3512804 CitizenPete
CitizenPete's picture

Silly.  It's not about money and wealth. 

Tue, 04/30/2013 - 04:16 | 3513040 css1971
css1971's picture

All of it...

And it's still not enough.

Mon, 04/29/2013 - 21:04 | 3512077 Antifederalist
Antifederalist's picture

Blythe: Jamie we have a problem.

Jamie: no, Blythe, you have a problem.

Mon, 04/29/2013 - 22:35 | 3512417 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 | 3512082 FieldingMellish
FieldingMellish's picture

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

Mon, 04/29/2013 - 21:21 | 3512137 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 | 3512174 Cursive
Cursive's picture

@FieldingMellish

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

Mon, 04/29/2013 - 21:06 | 3512085 TeamDepends
TeamDepends's picture

Commencing rererehypothecation...

Mon, 04/29/2013 - 21:12 | 3512102 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 | 3512108 fonzannoon
fonzannoon's picture

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

Mon, 04/29/2013 - 21:16 | 3512115 prains
prains's picture

applebee's

Mon, 04/29/2013 - 21:15 | 3512123 fonzannoon
fonzannoon's picture

LOL

Mon, 04/29/2013 - 21:33 | 3512179 Cursive
Cursive's picture

@fonzannoon

I nominate the WTF subReddit.

Mon, 04/29/2013 - 21:53 | 3512241 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 | 3512135 Dr. Engali
Dr. Engali's picture

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

Mon, 04/29/2013 - 21:32 | 3512170 disabledvet
disabledvet's picture

i'm a Family Dollar man meself.

Mon, 04/29/2013 - 21:34 | 3512181 Spider55
Spider55's picture

I prefer Blooingdale's myself.

Mon, 04/29/2013 - 21:45 | 3512207 Alpo for Granny
Alpo for Granny's picture

I prefer Brownells myself...

Mon, 04/29/2013 - 22:09 | 3512302 Dr. Engali
Dr. Engali's picture

They sell Alpo at Brownells? ;->

Mon, 04/29/2013 - 22:17 | 3512351 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 | 3512128 nmewn
nmewn's picture

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

Mon, 04/29/2013 - 21:42 | 3512197 kito
Mon, 04/29/2013 - 21:50 | 3512225 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 | 3512264 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 | 3512285 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 | 3512353 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 | 3512373 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 | 3512455 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 | 3512104 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 | 3512106 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 | 3512109 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 | 3512116 nmewn
nmewn's picture

Where is that damned pea?

Mon, 04/29/2013 - 22:03 | 3512287 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 | 3512836 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 | 3513840 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 | 3512112 earleflorida
earleflorida's picture

BRAVO!!!

Tyler

Mon, 04/29/2013 - 21:15 | 3512113 Yen Cross
Yen Cross's picture

     Long testors gold paint.

Mon, 04/29/2013 - 21:37 | 3512183 cynicalskeptic
cynicalskeptic's picture

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

Mon, 04/29/2013 - 21:39 | 3512188 Yen Cross
Yen Cross's picture

   Testors works better on tungsten bars.

Mon, 04/29/2013 - 21:53 | 3512238 Major Major Major
Major Major Major's picture

Tungsten bars work better as paper gold.

Tue, 04/30/2013 - 06:50 | 3513123 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 | 3512114 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 | 3512124 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 | 3512139 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 | 3512168 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 | 3512281 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 | 3512142 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 | 3512157 Yen Cross
Yen Cross's picture

   Love that silver ;-)

Mon, 04/29/2013 - 21:33 | 3512180 Bastiat
Bastiat's picture

Pile on some shorts, then,  Doggis-style.

Tue, 04/30/2013 - 02:19 | 3512956 Shell Game
Shell Game's picture

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

Mon, 04/29/2013 - 21:41 | 3512178 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 | 3512765 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 | 3512199 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 | 3512504 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 | 3512203 JackT
JackT's picture

Quadruple assay those bars

Tue, 04/30/2013 - 06:49 | 3513124 GetZeeGold
GetZeeGold's picture

 

 

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

Mon, 04/29/2013 - 21:42 | 3512204 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 | 3512234 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 | 3512243 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 | 3512274 Seize Mars
Seize Mars's picture

What is going on with JPM?

Mon, 04/29/2013 - 22:04 | 3512284 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 | 3512315 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 | 3512648 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 | 3513109 css1971
css1971's picture

Europeans vs Americans.

Tue, 04/30/2013 - 06:49 | 3513122 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 | 3513117 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 | 3512329 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 | 3512334 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 | 3512402 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 | 3512426 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 | 3512447 jim249
jim249's picture

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

Mon, 04/29/2013 - 23:32 | 3512601 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 | 3512762 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 | 3512907 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 | 3512920 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 | 3513038 css1971
css1971's picture

Searching down the back of the sofa for change.

Tue, 04/30/2013 - 08:02 | 3513183 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 | 3513373 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.

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