Henry Bath [Henry Bath & Son Ltd, global storage and shipping of exchange-traded metals] owned by JP Morgan, delists 21 LME (London Metal Exchange) storage units.
- 6x Rotterdam
- 5x Baltimore
- 3x Liverpool
- 2x Bilbao
- 2x Singapore
- 1x each Chicago, New Orleans, Pusan
Somebody is broke, and something is broken.
Surely it has nothing to do with the 32% drop in COMEX inventories in the past five months, or the ZERO deposits into JPM's vaults in the past six months.
Friday, 28 June 2013
Something is happening.......................from Rico
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1 comment:
I suspect that Rico has interesting points to make. But his use of market lingo, overuse of sarcasm and facetiousness makes it virtually impossible for non-specialists to understand what his message is.
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