The Phaserl


JPM House Takes 13.77mt Gold in Dec, 17.8% 1-day Drop in Registered Stocks

from GoldSilver:

After picking up 315,100 troy ounces of gold in August (after the paper price markdown), JP Morgan’s house account reported another 442,600 troy ounces or 13.77 metric tons (mt) picked up, as others are pointing out, this amounts to 95.925% of the 461,400 troy ounces of gold delivered so far in December.

JP Morgan customer accounts sold 54,100 troy ounces of gold on net in December as shown in the first link, this may have provided part of the source for JP Morgan to begin acquiring even more agressively than back in August.

The second link above, to Jesse’s, shows more on JP Morgan’s house account for the year–it appears to be working it’s way back to flat on the year for physical received versus delivered.

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