COMEX Needs 50+% More Registered Gold for February

http://rikgreeninvestorforum.blogspot.com/2014/01/comex-needs-50-more-registered-gold-for.html

JP Morgan Stopped 96% of Notices in December
10,157 December 2013 COMEX Gold future contracts stood for deliver on first notice day November 27th.  By December 30th, the end of the contract month 64% or 6,493 delivery notices were issued and stopped.  The remaining open interest was lost; possibly to cash settlements or rolled over to new, future dated contracts.  JP Morgan house account stopped 6,254 or 96% of the delivery notices.  Thus ownership of 625,400 ounces of gold in COMEX registered inventory was transferred to JP Morgan during December.  CME Group reporting shows that HSBC, Bank of Nova Scotia, and Jefferies Bache were the largest issuers.

For comparison, in December 2012 there were 3,253 delivery notices or 46% of the 6,999 contracts that stood for delivery on first notice day.  The bar charts below show how deliveries and lost contracts progressed each day of the December contract month.

JP Morgan Now Owns Most Registered COMEX Gold
COMEX registered gold inventory on November 27th was 590,817 ounces.  During the month 133,017 ounces were added from deposits and transfers from eligible category.  So the beginning balance plus additions totaled 723,834 ounces from which 649,300 were issued and stopped during December.  Since JP Morgan house account stopped 96%, it stands to reason that they now own most COMEX registered gold.