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Message: JPM Moves On Silver
Is this the initial sign that JPM will soon be going long silver?
Perhaps - VHF
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JP Morgan Increases Registered Silver Inventories 500% OVERNIGHT
Silver Doctors
April 27, 2012
Something BIG is going down. First Blythe appeared on CNBC 2 weeks ago claiming the JP Morgan holds its metals positions on behalf of clients, then the CFTC moved 1 step closer to finally implementing position limits last week with their meeting discussing swaps, and today we have the kicker:
JP Morgan adjusted 5 million ounces of silver into dealer (registered) vaults Thursday, increasing their registered inventories 500% OVERNIGHT!!!
COMEX WAREHOUSE SILVER INVENTORY UPDATE 4/27/12
| SILVER | Report Date: 4/27/2012 | |||||||
| Troy Ounce | Activity Date: 4/26/2012 | |||||||
| DEPOSITORY | PREV TOTAL | RECEIVED | WITHDRAWN | NET CHANGE | ADJUSTMENT | TOTAL TODAY | ||
| BRINK’S, INC. | ||||||||
| Registered | 14,016,239.700 | 0.000 | 0.000 | 0.000 | 386,262.660 | 14,402,502.360 | ||
| Eligible | 10,522,517.480 | 0.000 | 0.000 | 0.000 | -386,262.660 | 10,136,254.820 | ||
| Total | 24,538,757.180 | 0.000 | 0.000 | 0.000 | 0.000 | 24,538,757.180 | ||
| DELAWARE DEPOSITORY | ||||||||
| Registered | 2,211,816.215 | 0.000 | 0.000 | 0.000 | 0.000 | 2,211,816.215 | ||
| Eligible | 21,222,059.921 | 0.000 | 0.000 | 0.000 | 0.000 | 21,222,059.921 | ||
| Total | 23,433,876.136 | 0.000 | 0.000 | 0.000 | 0.000 | 23,433,876.136 | ||
| HSBC BANK, USA | ||||||||
| Registered | 4,620,542.390 | 0.000 | 0.000 | 0.000 | 0.000 | 4,620,542.390 | ||
| Eligible | 37,679,888.050 | 0.000 | 0.000 | 0.000 | 0.000 | 37,679,888.050 | ||
| Total | 42,300,430.440 | 0.000 | 0.000 | 0.000 | 0.000 | 42,300,430.440 | ||
| JP MORGAN CHASE BANK NA | ||||||||
| Registered | 1,268,416.700 | 0.000 | 0.000 | 0.000 | 4,991,883.650 | 6,260,300.350 | ||
| Eligible | 13,351,834.750 | 624,783.900 | 0.000 | 624,783.900 | -4,991,883.650 | 8,984,735.000 | ||
| Total | 14,620,251.450 | 624,783.900 | 0.000 | 624,783.900 | 0.000 | 15,245,035.350 | ||
| SCOTIA MOCATTA | ||||||||
| Registered | 6,932,622.030 | 0.000 | 0.000 | 0.000 | 0.000 | 6,932,622.030 | ||
| Eligible | 28,822,112.540 | 596,498.830 | 0.000 | 596,498.830 | 0.000 | 29,418,611.370 | ||
| Total | 35,754,734.570 | 596,498.830 | 0.000 | 596,498.830 | 0.000 | 36,351,233.400 | ||
| TOTAL REGISTERED | 29,049,637.035 | 0.000 | 0.000 | 0.000 | 5,378,146.310 | 34,427,783.345 | ||
| TOTAL ELIGIBLE | 111,598,412.741 | 1,221,282.730 | 0.000 | 1,221,282.730 | -5,378,146.310 | 107,441,549.161 | ||
| COMBINED TOTAL | 140,648,049.776 | 1,221,282.730 | 0.000 | 1,221,282.730 | 0.000 | 141,869,332.506 |
.
Yes, you read that chart correctly. JP Morgan’s registered silver inventories just went from 1,268,416 ounces to 6,260,300 ounces OVERNIGHT as The Morgue ADJUSTED nearly its entire customer inventory to the dealer side!
Clearly Blythe and Jamie are preparing for some massive silver delivery requests.
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