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Tuesday, July 2, 2013

Metals markets sign of economic meltdown? JP Morgan gold vault shrinks 61% in one night!

I recently posted a blog “Ominous things occurring in the economic arena” that was from a purported ‘insider’ who warned that the sign that the ‘endgame’ was beginning would be the metals market. Well do you see the sign?

Just checked Yahoo Finance’s commodities market:

Gold

1,244.50
-11.40
-0.91%

Silver

19.39
-0.18
-0.91%

JP MORGAN’s CUSTOMER GOLD INVENTORY FALLS (06\12\2013) 61% OVERNIGHT!

June 12, 2013 By The Doc

EmptyVaultJP Morgan’s Eligible (Customer) gold inventory fell a whopping 61% today.  That’s 6.7 metric tonnes of gold taken off of JP Morgan’s inventory.  As you can see in the chart below, there are only 136,380 oz of gold left in Morgan’s Customer inventory.   Basically, JP Morgan has a little more than 4 metric tonnes of gold left in its Eligible or Customer inventory.
Furthermore, that 217,844 oz withdraw from JP Morgan’s vault accounted for 28% of its total inventory….meaning JP Morgan only has approximately 555,000 oz left in its total inventory.

It will be interesting going forward here to see if JP Morgan will be able to satisfy its withdrawal requests of gold.  The more the bullion banks push the price of gold down, the more gold will be withdrawn from the Comex.

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