Saturday 27 July 2013

JP Morgan and where's the gold?

It's not just HSBC that is corrupt beyond any reasonable level, it's all the major banks.  JP Morgan Chase is a leader of the pack when it comes to dancing the dance of lies and deceit, covered over with some tawdry slight of hand tricks.  The thing is, more and more info is coming out in the main stream media- you just have to gather up the pieces and put them together to see the picture....

I'm still working on the article about the "New" financial system and the RV, but here is a bit of reading for you to pass the time with.  Further research homework is optional. As usual, my personal comments are in purple.

hint: I've organized the articles by date.

Let's play Where's Waldo.... but instead of a funny looking guy in striped hat, we're looking for small rectangular blocks that are sorta gold colored....

ALERT: JP Morgan Increases SLV Holdings by 500%!

JP Morgan Dimon MastersThe past few years of silver smashing has been all about letting JP Morgan extract themselves from that Silver short hot potato. That’s why the CFTC has not filed charges against them (yet) for silver manipulation. That’s why the banking cabal has sat on the price of silver this whole time. That’s why Citibank added $7.5B in OTC silver shorts. That’s why sentiment in the silver market has never been worse.
It’s all about extricating JP Morgan from the silver short position they were likely REQUIRED to take on by the US Treasury after the collapse of Bear Stearns.
So knowing what is happening it might not be surprising to you that during the 1st Quarter of 2013 JP Morgan has INCREASED their physical silver holdings in SLV for their own account by 500%!....
The numbers are clear in the reported data on SLV which must be recorded quarterly by the major institutional holders. Here’s the latest report showing JP Morgan holding 6,042,752 shares (ounces) increasing their holdings in SLV by 4,819,640 shares or 500%.
This report is cut off as of the end of the 1st quarter so when the second quarter is posted you can bet that this number has increased substantially. On a side note I’d like to point out that two other major cabal members shed massive amounts of shares in the same quarter: UBS selling (or transferring to JPM) 7,477,363 and Morgan Stanley shedding 1,186,347. Both are playing the opposite side of the trade to control the price as the cabal trades back and forth to each other.
I’m not saying that JP Morgan is completely out of their silver short but they may now be very, very close when you put all their various silver holdings together and net them out.
Truthfully, I don’t know but there are suspects that cannot be counted out. The prime one is Citibank as I pointed out a while back.

JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low

Tyler Durden's picture

For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world's largest) vault with the Comex delivery notice update. However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today's move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of the firm's entire inventory of non-Registered gold, and leaving a token 46K ounces, or a little over 1 tonne in JPM's possession.

Needless to say, today's massive move which increasingly puts JPM's gold holdings in the danger zone vis-a-vis future delivery notices which just refuse to stop, has pushed total JPM vault gold to a new all time low of just 436k ounces, or a little under 14 tonnes with just 12 tonnes, or 390k ounces, of Registered gold left and rapidly draining. And to think that two years ago around this time JPM had over 3 million ounces of gold in its possession.

Finally, those who believe there is a connection between the ongoing run on JPM's vault gold, the suppressed price of the metal, the redemption of Bundesbank gold, and the fact that 3M GOFO has now been negative for 10 straight days or the longest period in history it has been below zero, and indicating an unprecedented gold collateral shortage, you are correct.
Putting it all in context, this is what 1 ton of gold looks like in the real world courtesy of Demonocracy:

One ton of gold really isn't that big when you look at it eh?  I mean, yea, it's a "ton", but isn't it surprisingly small in actual size? One would think that it would be easily hidable eh

BREAKING: Massive Fire Reported In The Basement At The JP Morgan Gold Warehouse On Wall Street, 20 Firetrucks Showed Up!

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20 Firetrucks, 4+ ambulance and police showed up
There is zero media coverage about this beside Stopmotions stream of the event and a few locals tweeting about it
This is supposedly where JP Morgan keeps their gold. The very same gold that has been dwindling down at astonishing rates lately. JP Morgan warehouse 100 feet below CMP 1 on Wall Street.
Tons of Fire Trucks and even Ambulances on the scene.

July 26, 2013

J.P. Morgan to Explore Strategic Alternatives for its Physical Commodities Business

New York, July 26, 2013 - JPMorgan Chase & Co. (NYSE: JPM) announced today that it has concluded an internal review and is pursuing strategic alternatives for its physical commodities business, including its remaining holdings of commodities assets and its physical trading operations.
To maximize value, the firm will explore a full range of options over time including, but not limited to: a sale, spin off or strategic partnership of its physical commodities business. During the process, the firm will continue to run its physical commodities business as a going concern and fully support ongoing client activities.

Continue reading HERE

July 26, 2013, 4:44 p.m. EDT

J.P. Morgan to sell commodities business

By Christian Berthelsen and Dan Fitzpatrick
J.P. Morgan Chase & Co. is putting its physical commodities operations up for sale amid regulatory scrutiny of Wall Street’s participation in that business, a retreat for a company that in the past decade made a costly effort to become No. 1 in that field. 

The holdings on the block include metals warehouses; ownership in power plants around the country; as well as trading desks that buy and sell oil, gas, power and coal. The businesses employ roughly 600 people and were responsible for less than $700 million in revenue through the first half of 2013, said a person familiar with the situation. The bank will continue helping clients hedge energy risks and store gold and silver in vaults.

Getty Images Enlarge Image
J.P. Morgan’s headquarters in New York.
It isn’t known what this decision means for Blythe Masters, who runs J.P. Morgan’s commodities business. She intends to help the firm look for potential buyers, but it is too early to know what she will do afterward, said a person familiar with the situation. 

The decision is the latest move by Wall Street to back away from physical commodities as government officials, companies and consumer groups warn of pitfalls arising from allowing banks to play so many different roles in a market. Over the past decade, Goldman Sachs Group Inc. and Morgan Stanley also bought assets such as oil pipelines, metals warehouses or power plants, seeking profits by planting themselves at the center of the global supply chain for industrial materials despite explicit Federal Reserve prohibitions on ownership of such assets.
Representatives for Goldman Sachs and Morgan Stanley declined to comment.

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