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out of the vault located below 1 CMP, today the CME reported that another 21k troy ounces of eligible gold were withdrawn from the bank (coupled with the reallocation of another 8.8K registered into eligible), taking the total to a fresh record low of 767,752 ounces.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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IridiumRebel's picture

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

ForWhomTheTollBuilds's picture

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

Nevermore Peabody's picture

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

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

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.

Bastiat's picture

I need to watch Idiocracy again.

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.


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

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.

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.

MeelionDollerBogus's picture

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


MeelionDollerBogus's picture

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

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?

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.





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

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

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)

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."

Wile-E-Coyote's picture

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

IridiumRebel's picture

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

THX 1178's picture

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

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. 

IridiumRebel's picture

Buy fuggin stawks! Thars a dip! YARGH!

maskone909's picture

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

NotApplicable's picture

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

Nevermore Peabody's picture

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

MachoMan's picture

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

maskone909's picture

And we all know those polls arnt complete bullshit

not applicable's picture


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

BoNeSxxx's picture

+100 NA.  That hit the spot (ahem).

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.

pazmaker's picture

Where is it going?

Bay of Pigs's picture

What's behind the curtain Mr Dimon?

gimli's picture

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

gimli's picture

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

Stuck on Zero's picture

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


Dr. Engali's picture

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

Nevermore Peabody's picture

I'll believe it when it hits 0.

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...

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"

spinone's picture

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

EmmittFitzhume's picture

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

Seasmoke's picture

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

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.


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.

yabyum's picture

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