Comexodus: JPMorgan’s Vault Is One Withdrawal Away From Running Out Of Deliverable Gold
One week ago, when we reported the record plunge in registered gold
held by the various Comex gold warehouses in general, and JPMorgan in
particular, which saw the “gold coverage” ratio, or the number of paper
claims through open futures interest for every ounce of deliverable
gold, soar to what we then thought was a record, and unsustainable 207x,
we thought this situation would be promptly rectified as a few hundred
thousand ounces of eligible gold would be “adjusted” back into the
“registered” category.
Not only has this not happened, but with every passing day the situation is getting progressively worse.
…there was a record 252 ounces of gold paper claims to every gold physical ounce of currently available and deliverable gold..
IF YOU DON`T WANT TO READ TOO MUCH, READ HERE:
To summarize: last week we were confident that JPM would promptly adjust
a few hundred thousands ounces of Eligible gold back into Registered
status to silence growing concerns about Comex distress. A week later we
are not as concerned by the relentless surge in paper gold dilution, as
we are that JPM still has not even bothered to do this. Especially
since with just 335 kilograms of gold, or less than 27 bricks, JPMorgan
is now just one withdrawal request away from running out of deliverable
physical gold.
http://www.zerohedge.com/news/2015-09-15/comexodus-jpmorgans-vault-one-withdrawal-away-running-out-deliverable-gold
And apparently the gold in London is gone too.
http://www.silverdoctors.com/its-virtually-impossible-to-get-physical-gold-in-london/
UPDATE 2: IS THE US ALREADY BROKE AND NOBODY IS LENDING US GOV money from months?!?!? : go here and answer here:
IT`S REAL. US GOVERNMENT IS BANKRUPT AND NOBODY IS LENDING TO THE US GOVERNMENT FOR MONTHS! THEY AR BROKE!?!??!?!
150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000
(CNSNews.com)
– The portion of the federal debt that is subject to a legal limit set
by Congress closed Monday, August 10, at $18,112,975,000,000, according
to the latest Daily Treasury Statement, which was published at 4:00 p.m.
on Tuesday.
That, according to the Treasury’s statements, makes 150 straight
days the debt subject to the limit has been frozen at
$18,112,975,000,000.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.
http://www.cnsnews.com/news/article/terence-p-jeffrey/150-days-treasury-says-debt-has-been-frozen-18112975000000
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