http://www.zerohedge.com/news/2013-08-07/hello-hsbc-jpmorgan-we-urgently-need-some-your-gold
What happens when 63.5K ounces of registered gold in your warehouse
(16% of total) just has their warrants detached and the vault is about
to finds itself 63.5k ounces of gold emptier? If you are JPM you call
the gold vault with most inventory in town, that of HSBC, and politely
request that they transfer as much eligible gold as they can on short
notice - in this case a tiny 6,444.936 oz to be exact.
None of which changes the fact that 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.
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