Forum Post: A JP Morgan/MF Global SILVER CONNECTION? - "The Similarity Between the 1.1 million ounce adjustment into 'registered' by JPMorgan & the 1.4 million ounces of registered silver that remain Not Eligible for delivery due to the MF Global Fiasco is Striking.
Posted 12 years ago on Nov. 22, 2011, 8:07 a.m. EST by MonetizingDiscontent
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MF Global Trustee Says Shortfall Could Exceed $1.2 Billion
A JP Morgan/MF Global SILVER CONNECTION?
http://maxkeiser.com/2011/11/22/a-jp-morganmf-global-silver-connection/
-November 22, 2011-
JP Morgan made a MASSIVE adjustment of PHYSICAL SILVER into its REGISTERED VAULTS, moving over 1 MILLION OUNCES from eligible into REGISTERED OVERNIGHT!
*JP Morgan adjusted 1,103,280 ounces out of eligible vaults, and into registered vaults.
JPM’s registered inventories TRIPLED from 557,265 ounces to 1,660,545 ounces on Tuesday! Is JPM preparing for substantial delivery demands for December?
The similarity between the 1.1 million ounce adjustment into registered by JPM and the 1.4 million ounces of registered silver that remain not eligible for delivery due to the MF Global fiasco is striking.
Perhaps JPM is moving to prevent a COMEX default due to the 1.4 M ounces of registered physical being unavailable for delivery, and JPM is receiving massive amounts of notices of intents to stand for delivery as everyone realizes they do not want to end up like Gerald Celente
-Dale-
Germans going after JP Morgan
::::::::JPMorgan Sued by BayernLB Over Mortgage-Backed Securities::::::::
http://www.businessweek.com/news/2011-11-22/jpmorgan-sued-by-bayernlb-over-mortgage-backed-securities.html
Nov. 22 (Bloomberg) -- JPMorgan Chase & Co., the biggest U.S. bank by assets, was sued for fraud by German lender Bayerische Landesbank over losses on about $2.1 billion in mortgage-backed securities.
JPMorgan units concealed the truth about the poor quality of the loans underlying the securities and knew that credit ratings misrepresented their risk, BayernLB said in a lawsuit filed yesterday in New York State Supreme Court.
“This misconduct has resulted in astounding rates of default on the loans,” BayernLB said. Most of the securities have been downgraded to junk, it said.