The Evidence Mounts Against JP Morgue

Last Friday, we reported that per CME Group data, JP Morgue increased the silver bullion held in their new vault by 39% in 2 days- the very same 2 days that silver was viciously taken-down from $39 to $33.05.
We speculated whether the whole purpose of silver's manipulated sell-off might have been to induce silver liquidation by the SLV ETF, so JP Morgue could gobble up physical silver to supply their new vault (I mean seriously, where else is Blythe likely to find silver in any serious volume, outside of Eric Sprott's vault or The Doc's stash??)
A week has now passed, and today The Doc decided to check depository statistics for the Commodity  Exchange to see what Blythe and friends have been up during the past week. 

First, we'll refresh readers with how things stood in the Morgue's silver vault as of last Wednesday, 5/11.
Upon completing the massive 2 day silver stacking binge, the Morgue held 750,761 ounces of the shiny stuff.

Commodity Exchange, INC.

Metal Depository Statistics                              Report Date: 5/12/2011
Silver                                                                                Activity Date: 5/11/2011

Troy Ounce

Depository

JP MORGAN CHASE BANK NA     PREV TOTAL   NET CHANGED    TOTAL TODAY
Registered                                                                   0                              0                            0                
Eligible                                                                651,246                   99,515                   750,761

TOTAL CME REGISTERED                32,749,749                0                       32,749,749
TOTAL CME ELIGIBLE                     68,311,080             99,515                  68,408,636
COMBINED TOTAL                             101,060,829           99,515                  101,158,385

Which brings us to today. Interestingly, today is the first day this week that the Commodity Exchange gave us the pleasure of updating their data. 
If JP Morgue has been accumulating silver in any sort of LEGAL MANNER, their inventories should be much higher today, one week later, after silver has consolidated in the low $30's for the past week.

Commodity Exchange, INC.

Metal Depository Statistics                              Report Date: 5/19/2011
Silver                                                                                Activity Date: 5/18/2011

Troy Ounce

Depository

JP MORGAN CHASE BANK NA     PREV TOTAL   NET CHANGED   TOTAL TODAY
Registered                                                                   0                              0                            0                
Eligible                                                                750,761               0                  750,761

TOTAL CME REGISTERED                32,660,645                0                       32,189,189
TOTAL CME ELIGIBLE                     67,847,369             502,000                68,742,678
COMBINED TOTAL                             100,508,104          502,000               100,931,867

So silver has consolidated in the low-mid $30's for the past week, and JP Morgue DID NOT ADD 1 SINGLE OUNCE OF PHYSICAL SILVER TO THEIR NEW BULLION VAULT SINCE THE 2 DAY TAKE-DOWN ENDED ON 5/11!!

Although obviously circumstantial, the evidence continues to mount that the cartel orchestrated MONSTER SILVER SMASH of the first 2 weeks of May was for THE EXPRESS INTENTION of triggering liquidations of SLV silver bullion to the benefit of JP Morgue's new silver vault.

The Doc will continue to closely monitor the depository data, and we will especially be interested in what the data reveals after the next cartel take-down.