GWR1 wrote

"There is a new development worth noting; there is a new registered Comex depository listed http://www.cmegroup.com/trading/energy/files/Silver_Stocks.xls which currently has zero gold and zero silver inventory listed in it. Who is the new registrant?...none other than JPMorgan Chase!!"

First thing tomorrow morning I'll have to scuba dive up all my physical from the bottom of the lake where I lost it last year and forward it to JPM for "safe keeping" LOL! On a more serious note this is the next logical step to secure bullion at all costs by an entity that is desperately short of supply. The Cartel must be feeling the pinch of tight supplies now especially since Registered Silver inventories are threatening to break 40MM oz.

At any rate about half a year ago they began accepting Physical Gold as collateral for the first time but I gather few took up the offer. Now out of the generosity of their heart and soul (anyone seen either lately?) will offer to hold scant CRIMEX-backed hoards of not only Gold but also Silver! Which acknowledges they are desperate to secure not just one but both of the primary Precious Metals. So come on down and place your bets with JPM holdings - they promise not to charge you storage fees lol!