CALIBRATED CONFIDENCE: JPM Doubles Gold Before Earnings, Still No Silver

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Thursday, April 14, 2011

JPM Doubles Gold Before Earnings, Still No Silver

JP Morgan's Gold & Silver

The first image is their report as of April 8th, last Friday. Notice in the second image, they doubled their Gold holdings. This might be nothing to get too worried about but the third and final spreadsheet I posted will be. JPM still only has enough silver to write 6 contracts

April 8th Gold

SOURCE: http://www.cmegroup.com/trading/energy/nymex-daily-reports.html#warehouse

(Click to Enlarge)

April 12th Gold

SOURCE: http://www.cmegroup.com/trading/energy/nymex-daily-reports.html#warehouse

(Click to Enlarge)

Silver On April 12th

SOURCE: http://www.cmegroup.com/trading/energy/nymex-daily-reports.html#warehouse

(Click to Enlarge)