JP Morgan Loses 45% Of Registered Gold Stock In One Day

By Steve St. Angelo, SRSrocco Report
GoldSeek.com
Wednesday, 16 September 2015

While the drain of COMEX gold and silver Registered inventories continues as demand for physical precious metals increases, JP Morgan experienced a 45% decline of its Registered Gold Inventories in one day. JP Morgan now only has a lousy 10,777 oz of gold remaining in its Registered gold inventories.

Basically, JP Morgan holds 1/3 metric ton of gold in its Registered inventories. This is the reason we are seeing the paper gold ratio on the COMEX above the 250/1 ratio. If we look at the COMEX warehouse table below, we can see just how little Registered Gold remains on the exchange:

The Rest…HERE

This entry was posted on Wednesday, September 16th, 2015 at 11:50 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.