JPMorgan Parts With Another 21,000 Ounces Of Gold, Holdings Drop To New Record Low

Tyler Durden's picture


Those tens of thousands of outstanding delivery requests against JPM are finally starting to make their way through the pipeline: following the withdrawal of 28,380 ounces of gold after nearly one month of radiosilence out of the vault located below 1 CMP, today the CME reported that another 21k troy ounces of eligible gold were withdrawn from the bank (coupled with the reallocation of another 8.8K registered into eligible), taking the total to a fresh record low of 767,752 ounces.

In the meantime the delivery notices keep climbing, and in the month of June, JPM accounts for over 80% of all delivery activity:

Of course, with disclaimers such as this from the Comex...

The information in this report is taken from sources believed to be reliable; however,
the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness.
This report is produced for information purposes only.

... all bets are off

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Wed, 06/05/2013 - 17:20 | 3627634 IridiumRebel
IridiumRebel's picture

....which means "THE JPM THE!" In German.

Wed, 06/05/2013 - 17:24 | 3627653 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Wasn't that Conan's joke?  I love the old Sideshow Bob episodes. 

Wed, 06/05/2013 - 17:28 | 3627662 Nevermore Peabody
Nevermore Peabody's picture

I checked my unregistered vault levels, and it's at (personal) record high levels.

Wed, 06/05/2013 - 17:40 | 3627698 Pinto Currency
Wed, 06/05/2013 - 17:51 | 3627733 bank guy in Brussels
bank guy in Brussels's picture

American dissidents, the Liberty Movement etc. often say that it is something like the truth behind the 11 September 2001 attack, that will finally wake up Americans to accept that USA government is a fascist fraud

But sometimes I think that the day Americans really 'wake up', is the day they find out, there really is no gold in Fort Knox or in the cellar of the New York Federal Reserve

That is when Americans will understand ... the oligarchs stole all the gold, the people's gold, and the country and system really are bankrupt

And then the American system will fall, overnight, like the old Soviet Union

Funny quote from somebody in Kentucky familiar with the Fort Knox operation ... said the only gold there, was in the teeth of some of the security guards

Wed, 06/05/2013 - 18:21 | 3627834 MeelionDollerBogus
MeelionDollerBogus's picture

I say they won't give a fuck,

the day they find walmart empty and Dancing with the Tards off the air is the day they'll wake up and peer over the obese belly of apathy hanging off their fluoridated rib cages and realize they're completely fucked.

Obama could literally read "Gold is for terrorists so we proudly have no gold anymore in Fort Knox!" and the dumbfucks would cheer at their Hopium and beg for more change.

Wed, 06/05/2013 - 18:28 | 3627847 Bastiat
Bastiat's picture

I need to watch Idiocracy again.

Wed, 06/05/2013 - 19:20 | 3627993 BTFDemocracy
BTFDemocracy's picture

You are an unfit mother. Your children will be placed in the custody of Carl's Jr. Carl's Jr. Fuck you. I'm eating.

Wed, 06/05/2013 - 21:39 | 3628330 EINSILVERGUY

Yes , all we need is for Obama to release some porn tapes and start his WWF internship and Dwayne Elizando Mountain Dew Herbert Camacho will be in the House Representin

Wed, 06/05/2013 - 20:39 | 3628178 lakecity55
lakecity55's picture

Wow, it must have been the 'big correction' today in equities!


Stock on Sale!

Gold is barbarous and is a relic. Do not buy any.

Wed, 06/05/2013 - 21:12 | 3628276 BoNeSxxx
BoNeSxxx's picture

Yep... As I said the other day, a commodity exchange that settles in anything (FRNs included) other than the underlying commodity is nothing but a gambling parlor.  There is a problem with my own analogy however.  Namely that when I wager at the track, they settle in the same currency with which I placed my bet.  If they settled in, let's say Skittles, their future as an ongoing concern would be highly dubious.

Anyone think the future of Crimex is anything other than dubious?  This ends poorly.

Thu, 06/06/2013 - 01:42 | 3628845 MeelionDollerBogus
MeelionDollerBogus's picture

I hear there's gonna be a dividend raise and a massive split on...


Thu, 06/06/2013 - 01:41 | 3628843 MeelionDollerBogus
MeelionDollerBogus's picture

it's got electrolytes - it's what ameri-cows CRAVE

Fri, 06/07/2013 - 06:13 | 3632871 Anasteus
Anasteus's picture

Tyler, I could not find the mentioned 21k ounces withdrawn from JPM for that day in the CME report. All I can see is 0 ounces withdrawn, 0 ounces received (that is, 0 ounces net) and 996 ounces reallocated in the opposite direction, from eligible into registered. The total reserve of 767,752 ounces is ok.

Any idea what's gone on out there?

Wed, 06/05/2013 - 23:07 | 3628562 not applicable
not applicable's picture

Such truth would most likely not make it into mainstream headlines. Even if it did, most Americans would turn the channel to The Bachelorette, Pretty Little Liars, Mad Men etc..the only thing that would cause the average American to to "wake up" is $10/gallon gasonline.

Wed, 06/05/2013 - 18:59 | 3627943 SILVERGEDDON




I hear the sound of a giant PM toilet flushing at the Morgue.

Suck it , you Captains of Industry, you Pirates of Paper.

Wed, 06/05/2013 - 18:44 | 3627890 kchrisc
kchrisc's picture

And the arsenal?

Wed, 06/05/2013 - 21:08 | 3628270 WTFUD
WTFUD's picture

Dear Mr N. Peabody

Could you please supply us with your address and a telephone number where we could reach you at work.

Mr Noddy (IRS)

Thu, 06/06/2013 - 00:47 | 3628771 kchrisc
kchrisc's picture

"And please fill-out this 60-page pre-meeting questionnaire, especially the section on political affiliations, voting and whether you know how to fly small planes. That will better assist you in helping us in helping ourselves to your wealth and life. Thank you, Mr. Noddy (IRS)."

"Hint: We already know the answers, but we just want to see if we can get you on lying. That makes things easier for us."

Wed, 06/05/2013 - 17:33 | 3627678 Wile-E-Coyote
Wile-E-Coyote's picture

Ahhaaa what's the real figures..................... fuck you JPM

Wed, 06/05/2013 - 17:36 | 3627686 IridiumRebel
IridiumRebel's picture

Juror #5:
"Anyone who speaks German can't be evil."

Wed, 06/05/2013 - 19:29 | 3628022 THX 1178
THX 1178's picture

Incidentally, DIE BART DIE in german means THE BEARD THE...

Wed, 06/05/2013 - 17:26 | 3627658 UH-60 Driver
UH-60 Driver's picture

Why would people be spending real money on commodities?  They should be purchasing stocks with am I saying? 

EMPTY THE VAULT, LOCK THE DOORS, AND BURN IT DOWN.  Ignore the screams from inside, they are Sirens serenading you to your death. 

Wed, 06/05/2013 - 17:39 | 3627694 IridiumRebel
IridiumRebel's picture

Buy fuggin stawks! Thars a dip! YARGH!

Wed, 06/05/2013 - 17:20 | 3627636 maskone909
maskone909's picture

Man wouldnt that be awesome if JPM cracked as a result of this?!? Keep up the great work tyler

Wed, 06/05/2013 - 17:31 | 3627673 NotApplicable
NotApplicable's picture

It'll be even funnier when they're made whole again at your expense.

Wed, 06/05/2013 - 18:06 | 3627774 Nevermore Peabody
Nevermore Peabody's picture

SURELY you don't think "Joe Sixpack on Main Street" will fall for that again, do you?

Wed, 06/05/2013 - 18:19 | 3627822 MarsInScorpio
MarsInScorpio's picture



Wed, 06/05/2013 - 18:31 | 3627858 MachoMan
MachoMan's picture

Given the support level against TARP was ~95%, I'm not sure J6P has much choice in the matter...

Wed, 06/05/2013 - 18:37 | 3627874 maskone909
maskone909's picture

And we all know those polls arnt complete bullshit

Wed, 06/05/2013 - 23:16 | 3628582 not applicable
not applicable's picture


Vintage Macho man at this below url.  Watch only 35 seconds from 1:20 - 1:55

Wed, 06/05/2013 - 21:20 | 3628291 BoNeSxxx
BoNeSxxx's picture

+100 NA.  That hit the spot (ahem).

Wed, 06/05/2013 - 23:11 | 3628573 not applicable
not applicable's picture

Never in a million years would I think that someone would have the same user name as me. Haha.


If you think about the bailouts, and the undisclosed activity at the Fed discount window just after the Lehaman collapse (still need a Fed Reserve audit to confirm this...just going with my gut on this), I believe JPM has been made whole at the tax payers' expense already...more than once.

Wed, 06/05/2013 - 17:20 | 3627638 pazmaker
pazmaker's picture

Where is it going?

Wed, 06/05/2013 - 17:21 | 3627639 Bay of Pigs
Bay of Pigs's picture

What's behind the curtain Mr Dimon?

Wed, 06/05/2013 - 18:20 | 3627828 MarsInScorpio
MarsInScorpio's picture



Wed, 06/05/2013 - 17:21 | 3627640 gimli
gimli's picture

Don't worry Jaime's still in charge and Ben will lend him the key to their NY vault.

Wed, 06/05/2013 - 17:43 | 3627707 gimli
gimli's picture

Of course, that's assuming Ben still has some ..... he may still be busy looking for Germany's bars.

Wed, 06/05/2013 - 21:29 | 3628309 Stuck on Zero
Stuck on Zero's picture

Jaime has probably burying the metal under his house in the Hamptons.


Wed, 06/05/2013 - 17:22 | 3627645 Dr. Engali
Dr. Engali's picture

Yeah that was me doing my part to break the Morgue.......I wish.

Wed, 06/05/2013 - 17:23 | 3627646 Nevermore Peabody
Nevermore Peabody's picture

I'll believe it when it hits 0.

Wed, 06/05/2013 - 17:25 | 3627655 seek
seek's picture

Which is more like when it hits 6M based on the miraculous appearance of more gold whenever the eligble gets close to that number...

Wed, 06/05/2013 - 17:56 | 3627752 Poor Grogman
Poor Grogman's picture

"Get me the president of Iran on the phone"

"I want to make them an offer for their gold so good they can't refuse"

A while later

"See that wasn't hard was it, shortage of gold indeed, you just have to call the right people"

Wed, 06/05/2013 - 18:54 | 3627926 spinone
spinone's picture

Maybe its 0 now.  What makes you believe their numbers?

Wed, 06/05/2013 - 17:23 | 3627648 EmmittFitzhume
EmmittFitzhume's picture

Where is that photo of the monopoly guy with his pockets turned inside-out?  Perfect for this.

Wed, 06/05/2013 - 17:24 | 3627652 Seasmoke
Seasmoke's picture

I am catching up to JPM in gold holdings. I may pass them by Oct. 2013.

Wed, 06/05/2013 - 17:25 | 3627656 johngaltfla
johngaltfla's picture

Eventually, someday, somehow, Germany will get their damned gold back. JPM better learn how to make the Bernank use a 3D printer to print some quick.

Wed, 06/05/2013 - 17:31 | 3627674 AL_SWEARENGEN

Nah, Blythe Masters will give a brief CNBC interview like last time to deny these outrageous allegations.  And the CNBC ilk, like the sheep that they are will believe her.

Wed, 06/05/2013 - 17:59 | 3627762 yabyum
yabyum's picture

Al, How much for the whore  Blyth? Will a ASE cover it and a shot of rye?

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