how many market manipulation stories will it take for the public to realize that fiat currency cannot survive in an environment where sound money (gold/silver) are allowed to trade freely? Nobody knows the current market value of precious metals, but one thing is 110% certain, that it’s not 32 plys of federal reserve note toilet paper.
courtesy: the silver doctors
Brink’s reported a massive 3.1 million ounce silver withdrawal from the customer inventory Tuesday, and our friends at JPMorgan reported a deposit of 720,000 ounces.
The farce continues:
JP Morgan again made a mockery of the COMEX physical inventory update by reporting Tuesday’s deposit of exactly 720,000.000 ounces. The statistical likelihood of 720 one-thousand ounce bars adding up to exactly 720k ounces…to 3 decimal places is roughly the same as the likelihood of the sun rising in the Western sky on 4/19.
This means the ‘deposit’ reported by JP Morgan is merely a paper shuffling of ‘silver’ inventory around as the cartel is now desperate to keep the charade going a little longer.
While the CME is now reporting inventory levels to 3 decimal places, strangely enough- once again, NO MENTION FROM THE CME OF THE MISSING 1.4 MILLION OUNCES OF REGISTERED SILVER THAT SIMPLY DISAPPEARED IN THE AFTERMATH OF THE MF GLOBAL BANKRUPTCY!
As a strangely coincidental supply turned up in JPMorgan vaults almost simultaneously as the MFGlobal clients phyzz went missing, until the CME provides an update of what happened to this stolen inventory, The Doc will continue to provide the latest available info on this from the CME:
*Registered ounces of metal currently not available for delivery
as of 11/4/11 due to MFGI bankruptcy. Included in above totals.