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Title: JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day
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URL Source: http://www.silverdoctors.com/jp-mor ... fall-a-stunning-33-in-one-day/
Published: Oct 24, 2014
Author: staff
Post Date: 2014-10-24 13:47:18 by Horse
Keywords: None
Views: 51
Comments: 2
As the increasingly volatile stock markets bounced back higher today, JP Morgan experienced one of the largest withdrawals of gold from its inventories this year. In just one day, a stunning 321,500 oz of gold (10 metric tons) were removed from JP Morgan’s Eligible inventories: Total gold inventories at JP Morgan fell 33% from 983,693 oz yesterday, to 662,193 today. Of course, this had to come from JP Morgan’s Eligible inventories, because there are only 176,436 oz of gold in their Registered inventories. You will notice, that the amount is exactly 321,500 oz (10 metric tons) to the TEE… and as Harvey Organ and Bill Holter have commented, it’s extremely rare for a gold bar or series of gold bars to equal exactly 10 metric tons. Instead, we should see a fraction of an amount shown as an example in the MANFRA, TORDELLA & BROOKES gold transfer of 29,752.630 oz from the Registered category to Eligible. Looks like this transfer was LEGIT as we can see the fraction of 0.630 oz shown in the transfer. I gather JP MORGAN feels that it doesn’t need to be bothered with accounting for these silly fractions, when they have to deal with much larger numbers such as the $70 trillion of Derivatives on their balance sheet. It will be interesting to see if this 10 metric ton gold withdrawal from JP Morgan becomes an entry in one of the other Bank’s vaults in the next day or so. Or maybe, it’s on its way to CHINA or INDIA. Either way… just another interesting data point taking place as the broader stock markets continue to CONVULSE up and down like someone suffering from a HEART-ATTACK. 
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#1. To: Horse (#0)
WTH does this mean? No one else had ANY withdrawals...amazing. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Those silly fractions are things that can trip you up at some point in time. ;) "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
#2. To: Horse (#0)
JP MORGAN feels that it doesn’t need to be bothered with accounting for these silly fractions, when they have to deal with much larger numbers such as the $70 trillion of Derivatives on their balance sheet.
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