130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

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OT: JPMorgan is nearing the bottom of the barrel

posted on Jan 31, 2014 02:29AM

JPMORGAN LOSES 44% OF GOLD INVENTORIES IN 4 DAYS!

JANUARY 29, 2014

In another stunning withdrawal, JP Morgan had an additional 321,500 oz gold ounces removed from its vaults today.

Since last Thursday, JP Morgan has lost 44% (20 metric tons = 643,000 oz) of its gold inventories.

If a picture is worth a thousand words, then the table below is worth over $400 million (at current market prices):

From the SRSRocco Report:

Here is the Comex inventory table for last Thursday:

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