Friday, April 26, 2013

Zero Hedge: JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low




Seems JP Morgan's gold has gone on walk-about.... heheheheee  -AK

http://www.zerohedge.com/news/2013-04-25/jpmorgans-eligible-gold-plummets-65-24-hours-all-time-low

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low
Submitted by Tyler Durden on 04/25/2013 17:30 -0400

We are confident that in the aftermath of our article from last night "Just What Is Going On With The Gold In JPMorgan's Vault?" in which we showed the absolute devastation of "eligible" (aka commercial) gold warehoused in JPM's vault just over the Manhattan bedrock at 1 Chase Manhattan Place (and also in the entire Comex vault network in the past month), we were not the only ones checking every five minutes for the Comex gold depository update for April 25. Moments ago we finally got it, and it's a doozy. Because in just the past 24 hours, from April 24 to April 25, according to the Comex, JPM's eligible gold plunged from 402.4K ounces to just 141.6K ounces, a drop of 65% in 24 hours,and  the lowest amount of eligible gold held at the vault on record, since its reopening in October 2010!

Everyone has seen what a run on the bank looks like. Below is perhaps the best chart of what a "run on the vault" is.



The absolute collapse in JPM's eligible gold inventory, means total Comex eligible gold has fallen to just 5.8 million ounces, half of what it was in early 2011, and back to levels last seen in March 2009.



So, once again, just like last night, we ask the same questions which are even more critical today than they were 24 hours ago:

What happened to the commercial gold vaulted with JPM, and what was the reason for the historic drawdown?

Gold, unlike fiat, is not created out of thin air, nor can it be shred or deleted. Where did the gold leaving the JPM warehouse end up (especially since registered JPM and total Comex gold has been relatively flat over the same period)?

Did any of this gold make its way across the street, and end up at the vault of the building located at 33 Liberty street?

What happens if and/or when the JPM vault is empty of commercial gold, and JPM receives a delivery notice?

Incidentally, JPM now has just under a paltry 5 tons of eligible gold left in storage. We hope this is also the maximum exposure it faces for imminent delivery requests, because if tomorrow it receives withdrawal requests for 141,581.5 ounces +1, then things get really interesting.



Nothing Fits



Nothing Fits
By American Kabuki

Its a strange age.

Growth comes unexpectedly.  Suddenly.  Go to bed and suddenly your 6 inches longer in the morning.

What was once familiar, even cherished, has holes, and is uncomfortable to wear.  My limbs feel exposed and everything seems too small for my being.

Old patterns vanish.  Both the ones I thought were important, and the ones that I never wanted but were very hard to break free from. The rate at which this happened is astonishing.  They simply hold no resonance for me.

The future called me, or was it the ever present NOW?  "Do you want to have some fun?"  I replied, "YES!" Sometimes  fun is a rocket sled into the future.  I had plans. Strategies. But it all came so fast that planning in serial time was pointless.  And I all could do was be of service to Eternal Essence, and in doing that, I found ME.

In my closet hides a bookcase.  There are books on computers, algorithms, logic, and patterns of object oriented software design. They gather dust.  Religious and philosophy books smell moldy from 12 years in the moist beach air. Haven't looked at the Quran in 10 years. The book on Buddha I got from a Honolulu hotel dresser drawer, looks nearly new.  My expensive Oxford wide margin rice paper Bible seems like an artifact from someone's else's life, especially the margin notes from college written with a Koh-i-noor india ink pen in such tiny letters.  I should have written those in pencil, so they could be removed.  Other's peoples bread crumbs of what they wanted me to see and what they wanted me to avoid within the texts.  Took me a while to learn that text without context is pretext.

It was all "Secret knowledge" and I was "converted" and they were "unconverted".   It was no knowledge at all but an opinion in  a place and time meant to keep me separate from humanity at large.  Spiritual quarantine.  A cast iron manhole cover snugly fitted over the dogma buried deep in my being and cast with letters "Christian" so all would know from which source the steam of being emerged emerged beneath their feet.  But it was me that chose to hide below humanity, to "not be of this world" so I sought refuge underground.  I used to polish those words, make sure they never got rusty.   Other's had more specific labels on their manhole covers, Catholic, Baptist, Mormon, Jew, Hindu, Muslim, Buddhist, Atheist.

I choose the word HUMAN now, absent limits.  I will no longer be a bonsai tree of the larger me that wants to grow and reach Heaven with my hands and feel the core of Gaia with my feet.  My roots will not be pruned and my limbs will no longer be contorted to fit another's idea of beauty. I AM wonderfully made.

There is no "ONLY HUMAN" or "JUST HUMAN".  We are all wonderfully made with the full repertoire of emotions from which Creation springs.  We are joyfully and wonderfully Human.  An awakening human as Eternal Essence Embodied.  Its spring time!  Grow baby Grow!

Yes, it does grow on trees, a question of worth



When my sons were very small, they believed themselves rich.  Regardless of where we went, this belief was validated.  They were surrounded in value, everything was a treasure, and all of it was theirs.  Their shelves and pockets overflowed with it all – reminders of adventures.  Rocks, feathers, bottle tops, leaves, shells, bits of rope and wire were valuable because they said so.

We are on a Quest.  By definition, this means we are looking for something.  It would follow then, that this is something we believe we don’t have.  Our Quest is for Agape – love of self.  And what is love?  It is acknowledging worth, seeing value, and holding in a sacred place.  It is completely self-defined.

What if we all decided right now, to believe ourselves rich?  What if we all decided right now, to believe ourselves worthy?  We are both.  We’ve all felt a sense of anticipation, a waiting.  For a long time I’ve said “You are the One you’ve been waiting for.”  Today I close with “What are you waiting for?  You are the One.” This change was not done lightly.

You see, what we are all feeling right now is our own sense of indecision.  We are calling it “waiting”.  We’ve been handed the keys to the kingdom, only we aren’t sure where to find the door to use them.

Love and value are both self-defined.  My oldest sons believed themselves rich and worthy until they felt the world tell them otherwise.  My youngest refuses to accept the world’s definition and miracle gifts of abundance follow him everywhere.

What if we all did the same?  Oh I know we’ve been beaten down and it will take constant vigilance, yet what have we got to lose?

We are building our reality right now.  Let’s declare and decide what’s valuable.  I AM Absolute Value.  Green pieces of paper are not.  I can tell you what are though – trees.  What if we decided, as a collective, to trade leaves instead of worthless cash?  They are everywhere.

Suddenly, no one goes without.  The land they grow on becomes a vital asset.  We won’t be chopping them down for wider roads or cash producing crops – the trees are valuable.  The Rainforest is saved.

Worldwide wealth and Natural Resource Conservation becomes possible in the blink of an eye, with one decision; a decision about value. 

I tell you this, if you knew the power and magnificence that you were – there would be no Quest.  The idea of looking for what was there all along would seem like a game of peek – a – boo.  It’s only interesting to the baby.  She is unaware you’ve never left, and is thrilled each time you show up.

Just because you don’t have eyes yet to see, doesn’t mean you aren’t brilliant.  Decide and declare right now where the Absolute Value rests.  It is in your very Essence, your Eternal Essence.  It is there that we connect, like the leaves on the tree.  Individual and unique, they spring from One source. 

What we are waiting for is within our very heart.  Freedom, Value, and Agape are but a decision away.  Once we see the Value in each of the leaves, we understand the importance of the tree.  Unity. 

What are you waiting for?  You are the One.

I love you.

See you tomorrow,
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