If the new breed of buyer is anything to do with the Treasury and if they are trying to buy back, or cover leases on the 8,100 tonnes they have sold... they will be the stickiest long in the market. That metal will be gone for good.
If you held JPM's stack would you surrender physical product at this juncture? They don't need the cash.
Historically Big Bullion Banks simply swapped truckloads amongst each other from month to month. You may recall I posited that JPM C & JPM H have a creepy incestuous relationship. There's been plenty of transfers from One to The Other in recent years. Perhaps some legit Customers, while others are simply part of The Family.
Perhaps J. Dime the Customer is the recipient this month. He did sell a f ton of JPM shares. Sitting on plenty of fiat. What better commodity to own at this point. Gold aside of course.
If the new breed of buyer is anything to do with the Treasury and if they are trying to buy back, or cover leases on the 8,100 tonnes they have sold... they will be the stickiest long in the market. That metal will be gone for good.
Thanks Ditch!
Amazing to watch (and a bit unnerving). Flares oppositional, this report is on fire.
Another 7 million oz into registered yesterday. Mostly at Loomis vault.
Silver and Gold always seem to go down on Fridays. Could tomorrow be any different?
All that hype typing and not squat happened lol. Don't quit your real job
If you held JPM's stack would you surrender physical product at this juncture? They don't need the cash.
Historically Big Bullion Banks simply swapped truckloads amongst each other from month to month. You may recall I posited that JPM C & JPM H have a creepy incestuous relationship. There's been plenty of transfers from One to The Other in recent years. Perhaps some legit Customers, while others are simply part of The Family.
Perhaps J. Dime the Customer is the recipient this month. He did sell a f ton of JPM shares. Sitting on plenty of fiat. What better commodity to own at this point. Gold aside of course.
Thank you Michael