zerohedge.com / by Tyler Durden / 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.
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