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Friday 28 June 2013

Something is happening.​......................from Rico

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.



1 comment:

TheBigHenry said...

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.