The Morgue adjusted 613,738 ounces of silver from eligible vaults into REGISTERED vaults on Wednesday!
Not to be beaten, Scotia topped its 1.2 M oz deposit reported Wednesday, by receiving a massive deposit of 2,395,835 ounces!
Rather coincidental seeing Brink's had a nearly identical withdrawal Tuesday of 2,346,587 ounces!
COMEX WAREHOUSE SILVER INVENTORY UPDATE 11/25/11
*Delaware had a small withdrawal of a single bar (999 ounces) from eligible vaults
*HSBC had a small withdrawal of 2,035 ounces from eligible vaults
*No Changes for Delaware
*Scotia Mocatta reported a massive deposit of 2,395,835 ounces into eligible vaults!
*JP Morgan adjusted 613,738 ounces out of eligible vaults and into REGISTERED VAULTS!
Don't forget this number, we'll get back to it at the end up the inventory update.
*TOTAL COMEX REGISTERED SILVER increased to 34,051,874 ounces
*TOTAL COMEX ELIGIBLE SILVER increased to 73,893,167 ounces
*TOTAL COMEX SILVER INVENTORIES increased to 107,945,041 ounces
Ok. Now back to the 613,738 ounce adjustment by The Morgue. This silver is the 613,738 ounces that was deposited into The Morgue's eligible vaults last Friday, Nov 18th.
Where might this silver have come from?
This is not an ignorant client depositing his phyzz at The Morgue, because it was adjusted today into REGISTERED inventory-meaning its silver that is available for Blythe's delivery needs.
We have been updating readers that 1,420,916 of registered silver is currently unavailable as it is nowhere to be found in the aftermath of the Corzine/ MF Global scandal.
With today's update from The Morgue, The Doc decided to break down the numbers of the unavailable/stolen silver .
Here are the numbers again:
| *Registered ounces of metal currently not available for delivery as of 11/4/11 due to MFGI bankruptcy. Included in above totals. |
| DEPOSITORY | Registered |
| Brinks | 210,320 |
| Delaware | 65,706 |
| HSBC | 793,734 |
| Scotia Mocatta | 351,156 |
Now I'm not sure why I never noticed this previously, but isn't it interesting that in the wake of the MF Global client silver theft, there is registered silver missing from EVERY SINGLE VAULT EXCEPT JP MORGAN'S!?!
The Doc decided to break the numbers down one step further, by removing the missing MF Global silver in the HSBC vault (HSBS is the other big bullion back allegedly manipulating the price of silver to the downside) from the totals.
Outside of The Morgue's manipulation buddy HSBC, there are 627,182 ounces of MF Global clients' silver that remain missing.
Now for the timeline:
MF Global is taken down on Oct 31st/Nov 1st. About a week later the CME begins reporting that 1.4 million ounces of registered silver is unaccounted for and unavailable for delivery-including 627,182 ounces from non-cartel banks.
Roughly 7-10 days afterwards, JP Morgan suddenly reports a deposit of 613,738 ounces into eligible vaults.
Exactly 7 days later, JP Morgan adjusts this silver into registered vaults.
JP Morgan has not had a significant silver deposit in MONTHS prior to this 613,738 deposit if my recollection serves me.
This is not an allegation:
Make your own conclusions, I've made mine.
Still think that your silver is safe ANYWHERE OUTSIDE OF YOUR OWN POSSESSION!?!
The F***ing Morgue can burn- this is BANKSTER WAR PEOPLE!
54 comments:
Great Great analysis Doc !!!
Wow.
1st day of delivery on Wednesday.
613k ozs of silver equals approx 1200 contracts can be settled for delivery.
Looks like a squeeze for the physical may be happening. Big smackdown around the corner?
Cannot believe the evil and criminal audacity of this manipulation.
Congrats Doc on your forensics.
...they are no longer hiding it. This should mean all out revolt by the people. Wow!
Beacon
Anonymous 6:25 PM
Make that 120 contracts. 120 x 5000 = 600,000
Woops. Make that Anonymous 6:43 PM
Make that 120 contracts. 120 x 5000 = 600,000
How can there be a sell off if there is a squeeze? They are trying to avert a full blown industrial user panic. That is what they are doing.
Sierra
Any input Agent B?
Looks like it.
Excellent sleuthing, Doc. Thanks for 'opening the window'!
Go Doc!
Yes, we work hard for our money, and they just take it...just like bank of america used all money in the bank accounts to gamble on derivatives and will use the fdic to cover their losses.
http://seekingalpha.com/article/301260-bank-of-america-dumps-75-trillion-in-derivatives-on-u-s-taxpayers-with-federal-approval
Doc,
excellent analysis in uncovering those fucktards... i hope those basterds burn in the depths of hell for their consistent bullshit and deception.
Its almost over and victory will be with the righteous.
eXCELLent Doc...Do we start testing our silver now?
Doc, how do you find out this information? I have no doubt that shady things happen in all the markets. Mostly the naked shorts that they can get away with and the HFT computers that make trades in the blink of an eye. I don't see a way to protect myself from these thieves as there appears to be no rule of law or anyone to enforce it.
Publicly available info published by the CME daily here: www.cmegroup.com/trading/energy/files/Silver_Stocks.xls
We provide updates on this info for readers daily, and attempted to figure out where this deposit of silver came from as JP Morgan's silver inventory almost never changes.
-Doc
I bet no one outside the SD site recognized this sheel game being played under our noses. Kudos Doc.
doc you should share this with harvery organ,
Thank you Doc for the reply. Anon at 9:28 I think you are right in a sense that the regular Joe doesn't know jack, but there are other blogs and people who frequent them, that do get it. I think this is witnesses by the OWS crowd. One day the Wall Street Gangsters will get their just desserts.
Anon 7:31, the winter is coming. Just preparing for it.
OWS is the 99% against the 1%
We are the 1% against the world wide criminality of currency and metals manipulation. You wont' see us in the streets or parks. We are silent, cunning and well informed, just waiting to going into action.
Nice work doc. Here's a stupid question, perhaps. I don't see the shortage? Even wow the 'stolen' oz's, there's enough reg silver... Am I asking the wrong question?
My first time on the site. So question, if Doc can figure it out, why can't the Feds or whoever is settling the accounts?
When do we take profits?
JPM(FED) is controlling the rigging game, nobody has the power to change that, except like Max Keiser's idea-buy phyzz.
I've been with ZH for a year and a half and just came across your site from a recommendation post. Great info here and you are now on my radar. Great posts with excellent analysis. I'm definitely becoming a serious fan. Great work guys!
American leaders have got to be as corrupt as any arab muslim, or south american country.
Why would anybody join the American army and risk his balls for these nazis? I say nazis because they pillage accounts just as the nazis did, supported by their media.
There is very little about Corzine in the US media so I guess they support it.
James B Canada
Nice job Doc.
I don't claim to understand how these criminals think or operate, but I'm expecting a continual walking down of spot. Don't think they need a massive smash. I don't see buyers stepping in front of this bus. They've succeeded in chasing nearly everyone out. They've proven over and over that they fear no agency or law. Simply disgusting.
I take solace, however, that they'll get what's coming to them. Their panic is becoming obvious.
Good luck to all.
I agree with you Vincent. But remember, they have only less than 60 days to comply with the new rules. Traders may expect hike(s) in margins in order for silver to decrease. Moreover the economic context is increasingly deflationnist and investors express more and more fear so silver may go even more down. In this case, JPM and consors will be able to reduce their net short positions and comply with the rules.
BOB
Anonymous @ 8:14 PM said...
Do we start testing our silver now?
-------------------------
It is hard to go wrong if you build stacks of 'junk silver.' Those old, circulated 90% silver coins are most likely real, and when in doubt just drop one on the floor and trust your ear to pick up that distinct ring!
Fantastic sleuthing Doc. Much appreciated.
Silver can spike up this week. This Silver Symmetry chart is surprisingly bullish.
http://cyclicalmarketanalysis.blogspot.com/2011/11/silver-third-time-is-charm.html#comment-form
TJ,
Not sure why you are posting the above mentioned link... I just went and read a bunch of this guys articles and he is basically calling for a collapse in silver to 6.50 dollars. According to his theory silver has already topped and is in the process of bottoming at 6.50 before resuming another run up.
iN any case, his analysis seem to be supported by his charts that project what has been happening.
Silver - Collapse Resumes - 2012 Target $6.50
DOC< this may actiually happen, it may explain a SEVERE deflationary effect taking ahold of the world, if so, i dont think people will be lining up for their silver as food and necessities will be necessary! It may also explain why JP has been stockpiling silver to a high degree.. to prepare for this deflationary wind and people standing for delivery.
http://cyclicalmarketanalysis.blogspot.com/2011/09/silver-collapse-resumes-2012-target-650.html
this gentleman, i urge peopel to go back and read his posts.. as all his charts have been right on the moneyh.
Doc, can you do me a favour and read his articles on silver since may, and see what you think of his analysis.... they are all precise.
He uses these cycles, and symmetry in his Silver analysis. Interesting approach. Yes, he says initially deflation puts pressure on Gold and Silver next few years, but longer term he is looking for a gigantic bull run in the precious metals. Hundreds per ounce Silver, etc....
Not all the Silver calls were bang on, but many good calls.
The chart for next week is exciting for Silver!
well a drop to 6.50 is not a little pressure IMO... its basically calling for a complete collapse and beginning of a new bull market... miners will be wiped off the map if that were to happen... ALso, the world will enter a chaotic stage with massive layoff and depression
All the silver,
From MF Gloooooooooballlllll
Is in a vault in New York, in JP Morgan's name ....
All the Gold in California
If silver drops to 6 USD, they will be putting THEIR money in our hands. That's not what they want.
Remember, their money is gold and silver. Sheeple's money is paper. They want the PM and give us paper.
So they don't want 'too cheap' silver. They are trapped in their own trap.
If silver goes up, they lose. If it goes down, people will buy it and they lose, too. So they try to keep it in a fixed range, so it looks like a 'boring' asset.
However, the system has been accumulating too much energy, and more and more energy is needed each day too keep it from exploding. That's why they will print exponentially.
Silver nuke awating.
Please do not call yourself 1% unless you mean it. You may be a 3% but that means you served your Country.
Now, the question stands, will "they" ultimately relase power to the people?
-JP
Ignore ILUV- he's a Delta Bravo!
Chicks dig it... you're an idiot.. im just asking questions to what TJ posted.... jeesh..
And.... What if they pass laws forbidding the people to own hard currency (again)?? And the Gestapo Brown Shirts go out into the streets to find it? In mine and your home? Then re-create new paper of little or no value. What then will you have? The End?
you can not figure it out because the market is always moving. but I like your analysis
As a newbie, there are some things I do not understand.
People talk a lot about a shortage of silver.
However, it looks to be very available for purchase. Lack of enough fiat to get the amount they want is what holds people back. Secondly, why aren't industrial users complaining about shortages, if in fact there are shortages?
aargh pleeze translate for those of us who just want to know what to do with our 401K and IRA?
Do we buy silver soon, is it going down to 6.5? Wow.
I hate to say it but if you are relying on the sanctity of your 401Ks and IRA's, 6.50 silver shouldn't be a problem. 6.50 silver is better than zero dollar pensions just don't put your silver into your IRAs or it will be equivalent zero dollar silver.
Real silver will never again see anywhere close to 6.50. Paper silver already worthless except to the bigger idiots. Who will sell their metal silver for 6.50 pieces of paper. No one anywhere in the world.
Paper silver will go down soon with most if not all other paper. Paper is paper. I wipe my butt with it.
Hold real silver and keep in own hands. You won't go wrong.
I had bought metal/land tangibles 3 years ago believing what these f-ers would do, and darn it, they did just what I feared! People said I was nuts back then. And I know squat diddly about econ. issues. Down to the last drop for bullion though -- save for the guns 'n grub, beans 'n bullets -- it's scary.
You folks have an edge, the rest of us are trying to decipher economics lingo, trying to hold on.
Since JP Morgan/Chase are tied in with the foreign ownership of the FED, which never loses...can you just invest in the devil himself (JPM/Chase) and not lose?
Just wondering...
Get whatever money you have in investments, 401 K, IRA's and etc., OUT of any banks and keep it safely in your own hands, safe or bury in a hole. Too late to turn into gold or silver however if you do, keep it in your own hands and bury in a safe place out on the lone prairie. GOT THE CLUE?????? Get the hell prepped with food, water and supplies as this is what we all are going to have to survive Make sure your weapons are fine turned along with your self.....
$6.50 silver....hahah, yeah right!!
Eric Sprott is lining up to buy another $1.5billion.
The Chinese are buying like crazy.
Supply and demand...paper value may drop, if so it's a buying opportunity.
Soon the rush to precious metals will begin.
MF Global: The mess that keeps getting messier
http://finance.fortune.cnn.com/2011/12/02/james-koutoulas-mfglobal-bankruptcy/
Commodity Customer Coalition
White Paper
http://www.btrtrading.com/Legal/MF%20Global%20White%20Paper%20Revised%20-%2012-1-11.pdf
And the masses are angry at the accusers (the Occupy Movement), rather than the perpetrators (JP Morgan Chase).
What's wrong with that picture?
I work for JPM Chase. I just started this past year and am an Austrian when it comes to economics and a Ron Paulian when it comes to the Fed. Let's make a valuable network. Email me at DanJR@live.com to talk further.
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