JPM Comex Vault hits all time Low

JPM wished farewell to another 28.4% of its vaulted gold which was the largest one day withdrawal since April 25. This means that as of last night the total gold held by JPM has fallen to all time lows of just 550k ounces. This was down from 768K the day before and total eligible gold of only 136,380 Troy Oz in inventory, just over 4 metric tonnes, which is also a record low. How long can the Comex paper gold fraud continue? With withdrawals like this we could see it in the next month and then its time for the popcorn. We may eventually have a return of price discovery and free market mechanisms…it’s been a while!



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s