Week 3, 2014 Withdrawals From SGE Vaults 60 Tons, YTD 159 Tons
Overview SGE data 2014 week 3
Do we see yet another ten tons leave JP Morgan's customer gold before the week ends ? I will be watching the Comex report Thursday evening to see if the recent pattern of large customer withdrawals continues.......
JPM Sees 28% Withdrawal From Gold Vault In One Day As Another 10 Tons Depart
Submitted by Tyler Durden on 01/28/2014 16:32 -0500
On Friday, when we remarked on the biggest recorded withdrawal from the JPM gold vault, we said: "Something tells us the next few days will see matching withdrawals from JPM's gold vault, which at last check was officially owned by the Chinese." As it turns out we wereabsolutely correct: according to the just released update from Comex, on Monday the infamous gold vault located below 1 C(hina)MPsaw an identical withdrawal of 321,500 ounces, matching the record withdrawal, and amounting to 28% of all JPM gold in storage. Adding to Friday's drop, this means that a record 47% of JPM's gold has been withdrawan in a few short days: a trend we are certain will continue until the total holdings of the vault drop to new record lows.
This withdrawal means total JPM gold slides from 1.128 million ounces to 816,027 ounces, down from 1.459 million ounces a week ago.
28 JANUARY 2014
1/28/14 updates.... items of note and " The Wrap " from Ed Steer's Gold and Silver Report - 1/28/14
( Brain teaser - if the Fort Knox's gold was gone as of 1974 , whose gold has been used for gold price manipulations ever since ? And better yet , if the gold held at the New York Fed , Bank of England and French Central Bank has been used to fill the gap , how much gold is actually left at the three Central Banks , how many claims are on said gold , how much longer will the gold cuckolds remain silent and will the Attorney General for New York pursue gold theft with the same vigor as we have seen with bitcoin exchange operators ? )
Beneath the Surface
27 JANUARY 2014
Gold & Silver Sold As Benoit Gilson Gets Back To Work
Submitted by Tyler Durden on 01/27/2014 08:38 -0500
What goes up (and tests $1,280 overnight)... must not be allowed to go up for the sake of the children of the status quo. It would appear the BIS' Benoit Gilson took over the reins from Michel Charoze this morning and the precious metal pilfering has begun. Why not? What else would you do faced with an Emerging Market FX crisis, various nations in mass upheaval, China's liquidity crisis front-and-center, and growth hopes around the developed and emerging world collapsing... buy US stocks and sell gold...
The BIS head of FX and Gold trading is hard at work