Friday, April 26, 2013

JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months

Sadly they've wandered so far down the rabbit hole that the concept of "physical demand" (i.e.people actually wanting to take possession of the stuff) is puzzling to them because the vast majority of the world's so-called "gold-trading" takes place in the realm of make believe (which is their natural habitat).

It's all fun and games until somebody loses their metal and "somebody" has lost one hell of a lot of metal in the last 90 days.

[…]

Total Net gold deliveries Feb 1 to April 25:

Vision Financial –1 contract
R J O'Brien –2
ADM Investor Services INC –2
Marex –5
Citigroup Global Markets –10
ABN AMRO –110
JP Morgan –19,660

http://www.zerohedge.com/news/2013-04-26/jpmorgan-accounts-993-comex-gold-sales-last-three-months

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