Comexodus: JPMorgan's Vault Is One Withdrawal Away...
Comexodus: JPMorgan's Vault Is One Withdrawal Away From Running Out Of Deliverable Gold http://t.co/TUd2ugBnpg
September 16, 2015
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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.