Germany. No Gold For You!......................from Rico

JPM just rolled their 13 Dec Gold position, and another precious metals beating is under way. - Fancy that! Bearing in mind that Novemer is not a delivery month on the COMEX, yesterday 1.5 tons of Gold was plundered....er, redeemed from GLD leaving its inventory down 36.07% YTD (that's 486.91 tons), or 39,136 London Good Delivery Bars (400oz bars). - That is 204 skids of Gold bars just as depicted here. Where did this Gold go? - It did NOT go to Germany. You should not need Seinfeld's "soup Nazi" to say "No Gold for you, Germany." Besides, that is kinda hard to translate into Chinese.... Then there is the added dimension of +69 paper claims for every ounce of physical Gold in the CRIMEX warehouse indicating that 'somebody' might be a bit concerned about the December delivery month.