JP Morgan and Comex are rapidly running out of Gold in their vaults.
According to zerohedge:
“Whoever is “running the JPM vault” shows no sign of relenting. At
this pace, the world’s biggest gold vault located below 1 CMP, and just
next to the Fed’s own gold vault, will be empty in about 1.5-2 months.” (emphasis added)
http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate
Also, the Comex vault is emptying at a similarly alarming rate:
http://srsroccoreport.com/gold-continues-to-bleed-from-comex/gold-continues-to-bleed-from-comex/
The Feds have abandoned any effort to keep the paper price in line
with the physical price. They are purposely breaking the link between
paper and physical for one purpose and one purpose only: When the vaults
run out and Force Majeure is declared, all paper contracts will be cash
settled at the fake, manipulated, driven down, low balled, paper price.
People who think that they own Gold, but do not posses it, will be
forced to settle with freshly printed $ at the fake low ball price.
Zerohedge says that JP Morgan’s vault will be empty within 2 months at the present rate of depletion.
Prepare for Imminent Force Majeure!
Sky Pilot
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