HSBC Transfers 329,000 Ounces of Silver into JPM Vaults Wednesday
Yesterday we advised readers that JP Morgan had reported a nearly impossible exactly 720,000.000 ounce physical silver deposit into eligible vaults, which in reality was likely merely a paper deposit.
Our friends in JP must be a hurtin for the phyzz, as today’s COMEX warehouse update reveals a 329,000 ounce silver transfer from HSBC to JP Morgan vaults was completed Wednesday.
And by silver transfer, we mean several sticky notes likely changed locations.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 4/19/12