JP Morgan Increases Eligible Silver Inventory 225% OVERNIGHT

Discussion in 'Silver' started by GilM, Sep 9, 2011.

  1. GilM

    GilM New Member

    Joined:
    May 24, 2011
    Messages:
    64
    Likes Received:
    0
    Trophy Points:
    0
    GilM, Sep 9, 2011
    #1
  2. Diablo21

    Diablo21 Member

    Joined:
    Jun 22, 2011
    Messages:
    780
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Canada
    Ben Bernanke himself brought it from Libya to deposit it at the JPM vault.
     
    Diablo21, Sep 9, 2011
    #2
  3. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
    Not a big deal, seriously.

    Anyone with 23.5million AUD can buy it out.

    That's small change in the scheme of things with the amount of paper dollars and derivatives.

    Slam
     
    Slam, Sep 9, 2011
    #3
  4. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    So that's where all the dragons went...damnit
     
    fishball, Sep 9, 2011
    #4
  5. Diablo21

    Diablo21 Member

    Joined:
    Jun 22, 2011
    Messages:
    780
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Canada
    Maybe they're holding them for APMEX and Gainesville?
     
    Diablo21, Sep 9, 2011
    #5
  6. GilM

    GilM New Member

    Joined:
    May 24, 2011
    Messages:
    64
    Likes Received:
    0
    Trophy Points:
    0
    I think that something very interesting is going on and soon we will see the result of it. I follow the Harvey Organ's Daily COMEX inventories report on a daily basis and this kind of activity is very unusual.

    Harvey says: "Whenever you see huge movements into a vault and out a vault, you can be sure that they are having trouble settling the long holders". I read his report for many months every day and in did this is usually the case, when bigger than usual quantities of metal start exchanging hands or being relocated between vaults the price tends to move shortly after. Let's wait and see.

    http://harveyorgan.blogspot.com
     
    GilM, Sep 9, 2011
    #6
  7. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    Eligible silver is silver already sold sitting in the warehouse, without owners taking delivery.
    Registered silver is the one available for sale
     
    projack, Sep 9, 2011
    #7
  8. Aureus

    Aureus Active Member Silver Stacker

    Joined:
    Jul 7, 2011
    Messages:
    2,949
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Milky Way Galaxy
    There are allot of people and organizations that would not even struggle to buy all of that, so as Slam rightfully noted - no big deal.
     
    Aureus, Sep 9, 2011
    #8
  9. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,517
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    It may not be a large amount of money but is it an unusual occurence? Is this something that happens quite often or is it an anomaly?
     
    Jislizard, Sep 9, 2011
    #9
  10. bennybbc

    bennybbc Member Silver Stacker

    Joined:
    May 30, 2010
    Messages:
    453
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Melbourne
    Its only an increase of 180 ounces for every silver stackers member, so no not really a huge amount. But yes unusual...
     
    bennybbc, Sep 9, 2011
    #10
  11. wasilver

    wasilver Member Silver Stacker

    Joined:
    Aug 10, 2011
    Messages:
    52
    Likes Received:
    0
    Trophy Points:
    8
    Location:
    West Coast
    More people wanting physical possession rather than a bit of paper????
     
    wasilver, Sep 9, 2011
    #11
  12. Sargeant Argent

    Sargeant Argent New Member

    Joined:
    May 13, 2011
    Messages:
    959
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    For me increasing my silver stack by 180 oz. Would be a HUGE amount! ;)
     
    Sargeant Argent, Sep 9, 2011
    #12
  13. bennybbc

    bennybbc Member Silver Stacker

    Joined:
    May 30, 2010
    Messages:
    453
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Melbourne
    Ha ha, yeah its not a small amount to put in your pocket but in the scheme of things, well you know what I mean :p
     
    bennybbc, Sep 9, 2011
    #13
  14. renovator

    renovator Well-Known Member

    Joined:
    Jan 20, 2011
    Messages:
    6,989
    Likes Received:
    83
    Trophy Points:
    63
    Location:
    QLD
    180 oz in your pocket ? you want to tighten your belt !!! :p:
     
    renovator, Sep 9, 2011
    #14
  15. bennybbc

    bennybbc Member Silver Stacker

    Joined:
    May 30, 2010
    Messages:
    453
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Melbourne
    Is that 180oz's of silver in your pocket or are you just happy to see me? :lol:
     
    bennybbc, Sep 9, 2011
    #15

Share This Page