Aug 09

“Hello Scotia Mocatta, This Is JPMorgan – We Urgently Need Some Of Your Gold” (ZeroHedge, Aug 8, 2013):

Yesterday, it was HSBC. Today, the lucky respondent to JPM’s polite gold ‘procurement‘ request, is the second “fullest” New York commercial gold vault: Scotia Mocatta. As ZH reported previously, following the announcement of an imminent withdrawal of 63.5k ounces of its gold (16% of the total), JPM’s vault operations team promptly called around and to its disappointment was only able to procure a tiny 6.4k ounces: not nearly enough to preserve the impression that it is well-stocked. We then said, “None of which changes the fact that in a few days, the inventory in JPM’s gold vault will drop to another record low of only 380K ounces and the JPM “rescue” pleas from HSBC and other Comex members will become ever louder and more desperate until one day they may just go straight to voicemail.

Today, as we predicted, the calls into HSBC indeed appear to have gone straight to voicemail (perhaps HSBC did not have any more unencumbered gold to share, perhaps it just didn’t want to) which left JPM with just one option: go down the list.

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Apr 11

Comex Gold Inventories Collapse By Largest Amount Ever On Record (Bull Market Thinking, April 9, 2013):

A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes.

Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). See chart below.

Total drainage of physical inventories reached nearly 2 million oz.’s of gold, which at today’s prices represent roughly $3,000,000,000 dollars.

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Feb 02

When a week ago we noted that ScotiaMocatta sold out of the Valcambi 1 kg block, yet once again showed the 100 oz silver bar as  back in stock, we said: “We will keep tabs on how long before this also becomes “sold out.””

We have the answer and it is 7 days. As of today, Canada ‘s biggest bullion bank is out of not only the 100 oz silver bar, but all silver bars!

This follows yesterday’s news that in January the US mint sold 50% more silver than in any month before.

A screen capture of ScotiaMocatta’s online store page as of January 24…

(Click on images to enlarge.)

And as of today:

Submitted by Tyler Durden on 02/02/2011 10:47 -0500

Source: ZeroHedge


US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month

Eric Sprott: Expect $50 Silver, Gold Possibly $2,150 by Spring

US Mint Reports Unprecedented Buying Spree Of Physical Silver Runs Out Of Silver In Germany

Silver: Shortage This Decade, Will Be Worth More Than Gold (!!!)

Silver Derivatives – China and JP Morgan

Max Keiser: Want JP Morgan to Crash? Buy Silver!

Max Keiser: Crash JP Morgan – Buy Silver!

JPMorgan Silver Manipulation Explained (Must-See!)

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