JPM House Takes 13.77mt Gold in Dec, 17.8% 1-day Drop in Registered Stocks

After picking up 315,100 troy ounces of (after the paper price markdown), JP Morgan's reported another 442,600 troy ounces or 13.77 metric tons (mt) picked up, as others are pointing out, this amounts to 95.925% of the 461,400 troy ounces of so far in December...so far.

The JP Morgan house account is almost flat on the year for physical received versus delivered. The customer account sold gold on net in December--this provided part of the source.

In addition to physical positioning, commerical banks are now contracts of 100 troy ounces each. There were also recent reports of producers being long. These recent revelations are statiscally significant.

Status: Anglo-dry

As we know, the JP Morgan house account took delivery of an astonishing 13.77 mt of physical gold from the tiny COMEX warehouse stocks and real physical deal flow, but the chart above shows only 18.69 mt remain in the western market registered as deliverable--the market for physical is tight.

The draw-down in daily change, unprecedented:

The above is the most recent daily change in registered gold, after JP Morgan pulled another 146,782 troy ounces of gold off the market: