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JPMorgan's Gold Vault Has Biggest One-Day Withdrawal Ever
Curious why over the past few months JPM has quietly been accumulating a substantial amount of eligible physical gold (even as its registered gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)? This may have something to do with it: moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500 ounces of gold depart in one day. This was tied for the single biggest daily withdrawal in history!The last time JPM had an identically sized withdrawal? December 13.... 2012.
Something tells us the next few days will see matching withdrwawals from JPM's gold vault, which at last check was officially owned by the Chinese.
And for those wondering how JPM's total gold holdings look over time here it is:
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Now that all of the JPM employees are pissed off that their asshole CEO got a raise when they got nothing, hopefully a few more whistleblowers will come out of the woodwork.
Last day for Davos attendees. Free blow and hookers for the finale. However, the caterer is Chinese and insisted to be paid exclusively in AuCoins. Everybody turned to Dimon to write the check.
... meanwhile at the private auction, Blythe just paid its weight in gold for the 18 year old Congolian girl on display.
I don't know. I look at that chart and it tells me that they had a boatload of shiny stuff when it was hot and then began selling into the mania in 2012 and completely sold out through the dump of 2013. My guess is that they will begin/have been accumumlating in 2014 when no-one likes the stuff and will build as the shiny stuff comes back to envouge.
While I dislike JPM as much as anyone and also believe the shiny stuff is manipulated, I'm seeing the sell down of inventory and their re-accumulation as business as usual that they sold to the J6P dummies and are now buying from them.
goat...just where is all this gold going to come from?
China sucks up all the mining production alone. India, Thailand and a few other countries demand FAR more than scrap can make up. That leaves gold in GLD and the tiny amount at Comex. IF they can restore the inventory at GLD well great, then the whole thing was just a few goldbugs over-reacting...but it ain't...there is not enough gold to meet demand...and by gold I mean the metal. Paper promises seem to have stopped working a year ago.
I Don't know when, but I promise, one of these weekends, the world is going to change forever. Be careful of the weekends !!
Agree, Friday trading plans involve a siege mentality lately.
Let's drop 400 ton "paper-golds" to comex again.
Just curious if there has been any change of security company guarding the JPM vault - or perhaps a new group of supervisors or employees from out of town.
Chinatown in NY City is less than a mile from the JPM Vault
That was Bieber making a withdrawal to pay certain people after he blew under .08% and saved his rep and Canada's rep. Yeah! The other charges can be paid off with petty cash.
Squeeze the mother fuckers
I wonder why Goldman Sachs, JP Morgue, and Morgue Stanley are all recommending that their clients sell their gold.
Surprising Obama has not yet signed a new Presidential Directive making it illegal to remove any and all investments or holdings in precious metals from the USA.
As Obama and Holder love their Banksters they will continue to protect them.
Trust me they will.....
Give him some time, Capital controls come into play when the canary has died.
For now The whole world is taking part in a "weekend at Bernies" action.
In this case bernie represents the economy(canary).
Surprising Obama has not yet signed a new Presidential Directive making it illegal to remove any and all investments or holdings in precious metals from the USA.
As Obama and Holder love their Banksters they will continue to protect them.
It was me. :)
Ixnay on the onfessionscay!
"...and we'll just reinvest your gold through one of our rehypothecation schemes, loan it out to another bank to cover their rehypothecated loans, transfer it to eligible..and.....it's gone."
"What? What do you mean 'it's gone?'"
"It's gone."
"But I just deposited $7 billion in gold in your vault!"
"Yes, and it's gone. Move along please. This line is for people who actually have gold in our vault. Next please!"
"Dad!"
https://www.youtube.com/watch?v=-DT7bX-B1Mg
One of the best episodes ever...I spit a beverage through my nose the first time I saw it..it kinda burned but was worth it.
Poof !
Wait a minute. Now this gold came out of the Comex vault or JPMs vault that is owned by the Chinese? The chart shows gold leaving JPMs vault (which I thought was already owned by the Chinese) with a big removal and then the article goes on to say to watch for gold leaving JPMs vault owned by the Chinese. This article doesn't quite make sense to me.
I don't get it either.
lol. We got downvoted but no explanation. Shutup and don't ask questions.
http://www.youtube.com/watch?v=LAOSnEf9dW0
it never means anything its all 'on the books'. big adjustments are interesting though, maybe one day we'll get the scoop.
I don't know if it's phony or not, but December 13th is chair satans birfday, cuz
Dimon is march 13
Bill gross is April 13
Janet yelled is August 13
And since we're going into the year of the horse, it's going to be predatory, pattern recognition and a more cunning than intelligent year at least that's what the books say. If I know it, the Chinese know it.
Soros is 1930
Blankfein is 1954
Both year of the horse. Read up for your own for ideas that apply to your situations zh
nobody trusts those maggots anymore and for good reason
Chan can withdrawal So can you
my first question would be any relation to the Chinese Lunar New year Buying Spree.?
Chinese: hrreo Fed, we reerry rearry need our gold....
Fed: uhhh, uhhh, Germany asked first
Germany: where mines gooohhhld!
Fed: uhh uhh NEIGHN, what are you gonna do about it...
Germany: remember unch Hitler??
Chinese: ah, hrello, we still herrr....we dump tressuriiess
Fed: shut up fuck sticks it's not like you have new nuke technology
Chinese: ohh reerrry....
Fed: ummm, it's a risk we'll have to take...
Chinese: twwwwo werdsss - bird frewww
Oh well, if there's no gold I suppose we can always buy some bitcoins.
and use them to finance an even bigger digi-coin bubble... ImpossibruCoin!
Jamie Jamie Jamie... You think you can outsmart the Tribe. Tsk...
It's important to be cautious, no matter who you're buying from.
http://www.oregonlive.com/portland/index.ssf/2014/01/north_portland_busi...
Where is the 45 tons of German gold that should have been delivered 2013? They only got 5!
What a collection of crazed conspiracy theories.
Clearly, it's for Santa Claus as a bonus to the elves and fresh hay for the reindeer.
Oh oh...
Not a good sign from the first heart feeling.
Was it the chinese that took out a chunk?
Who knows what? Where are the babulonian bushes at??
Is the exodus on to evac the USa before the surprise attack? A false Flag Event? A pop-corn fart to cause martial law??
Triggers?
http://www.thedailysheeple.com/20-early-warning-signs-that-we-are-approa...
Weekend warriors?
http://ftmdaily.com/daily-briefing/012414/
http://rinf.com/alt-news/latest-news/towards-wider-war-worldwide-militar...
Moar to consider:
http://investmentwatchblog.com/the-second-subprime-bubble-is-bursting-fe...
539 reasons why a major war is part of the plan to take down America:
http://danfromsquirrelhill.wordpress.com/2013/08/15/obama-252/
Hummmm...yes...much to ponder this weekend.
Eyes to the skies...all hands on deck!
to the -1 fairy: your macro malfunctioned, it's supposed to go to fonestar ONLY, not every comment.
It is curious that every single post OTHER THAN YOURS has Downvotes...
LOL
I'll give you a -1 for effort
and myself too, why the fuck not.
0.5 m^3 physical Gold moved, and so much talk about it ! But not to say that it does not deserve attention.
Funny, what would be, if 1m^3 is to be withdrawn in one day, the end of the Paper Gold world?
good interview with one of my favorite journalsits lars schlall-
http://www.silverdoctors.com/jim-rickards-explains-why-gold-must-rise-to...
the chinese wanted some more of its gold.
Keep stackin.
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipula...
The gold vault total holding chart pattern looks like gold price chart pattern along the same timeline
Hahaha, Obrama! You sell JP building to PRC. We take gorld flom seclet tunnerl between JP vaulrt and Fed Vaulrt! Nobody know! Then we no dump T-Billrls!
There's a run for a "Global Reserve Currency." It has become fractured. China and others are building gold reserves to compete. the purported goal which some may have already suppassed is 2500 ton.
jd leaving town soon?
With the highest on record leverage at COMEX of 112 owners for every single ounce of Gold and record low COMEX registered Gold at 11 t we have the set up for the major blow out phase in the Gold market. Who in their mind will continue to hold Gold at LBMA any more? According to Eric Sprott, we can expect a failure to deliver Gold and lawsuits with deliveries last February from COMEX of 40 t and China buying at least 100 t of Gold every month on average now.
Once Gold will breach $1270 level Andrew Maguire's discussion about the massive short squeeze will become the reality and even if his predictions about $200 Up-days will not materialise, the move by Gold to the upside from the most oversold condition in history will be nothing less than spectacular. http://sufiy.blogspot.co.uk/2014/01/there-is-no-german-gold-left-at-new....
Comex: just a gigalo http://youtu.be/gDkLSjsiqlM