http://news.goldseek.com/GoldSeek/1442408820.php
While
the drain of COMEX gold and silver Registered inventories continues as
demand for physical precious metals increases, JP Morgan experienced a
45% decline of its Registered Gold Inventories in one day. JP Morgan
now only has a lousy 10,777 oz of gold remaining in its Registered gold
inventories.
Basically, JP Morgan holds 1/3 metric ton of gold in its Registered inventories.
This is the reason we are seeing the paper gold ratio on the COMEX
above the 250/1 ratio. If we look at the COMEX warehouse table below,
we can see just how little Registered Gold remains on the exchange:
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