Monday 2 September 2013

why JP Morgan need (buy) Gold ?

In the period from August 7 to August 12 appeared in the depository of JP Morgan bank 63.5K ounces of registered gold (16% of total). 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.

chart 1

And like the last time JPM plundered 20K ounces of Scotia gold on August 8

chart 2

next transactions on August 12

chart 3

and finally on August 23 once again from Scotia Mocatta 28K

chart 4

The chart below have been selected moments in which JP Morgan transfer the gold to your account. Clearly increase in the value of gold by over $ 200. Is this the end of the correction in gold, which is September 4 will have a second birthday?
chart 5, Daily


What is really going on behind the scenes, however, nobody knows. Reports from the website COMEX exchange.


regards,
oscarjp

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