from Zero Hedge:
The next day, following a shut out by HSBC, JPM had no choice but to go to the second largest vault, that of Scotia Mocatta and get more than triple times that, or just over 20k ounces.
Today, the Comex gold crunch has gotten so confusing, nothing short of a color-coded schematic can do it justice.
First, moments ago the Comex reported that JPM doubled down once more and received a third consecutive infusion of over 43K ounces from HSBC, just as we predicted last Thursday when we said, that “with HSBC moving 43.4K oz from Registered to Eligible, we would expect either another major Comex withdrawal in the next few days from HSBC, or this is merely HSBC making room for further gold “requests” by JPM.” It was the latter to a tee.
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