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Just Interesting

Silver
- July kicked off, that by July 11,
- JPM
- had absorbed nearly 90% of the July Comex silver deliveries,
- and.....primarily for their own or “house” account.

By the entire delivery month end
- and when the totals were finally tabulated,
- JPM had stopped 3,040 of the 3,444 deliveries for July.
- That’s 88.27% ......of the total !!!

But - It gets even better. - Of the 3,040 that JPM took down,
- 2,824 went into their own house account.
- That’s 12,140,000 ounces of silver
(In my speak 377+ Metric Tonnes)
- and in my speak....... 82%.... of all Comex silver deliveries for July.
- To JPM.......&.... Into their own house account.


Gold
- So now here we are into the delivery period for August gold.
- In just the first two days,
- there have already been 1,963 total contracts delivered.
(3,960 stood on First Notice Day - and there will likely be at least another 3,000-4,000 more that will show up during the month).

So how's JPM doing on the gold front ??

Well
- Of the 1,963 contracts delivered last Thursday and Friday,
- JPM has stopped 1,466 .........or 74.7%.
- Additionally, of these 1466,...... 1,206 have gone directly into the JPM house account.
So, if you’re keeping score at home,
- JPM has stopped..... to their own account
- 61.4% of the August deliveries…and
- the month has only just begun.

Now of course
JPM may not.... continue to stack the smack - and may not stash even just a single further oz into there house account for the remainder of the month, but....

(back in a mo - there a flying pig just caused an eclipse of a rare blue moon)

- I somehow doubt it



And...... by coincidence
(Per the option B game....I considered in the previous post)

The GLD “inventory” had been steady at 927.35 metric tonnes..... for over ..a week,
- Then, .......on Thursday and Friday of last week,......... it fell..... 280,000 ounces.

Now, let’s see…

- August Comex delivery also began....... on Thursday and continued Friday.
- So far, there have been 1,963 contracts delivered
- for .......196,300 ounces.

I’m sure that’s just a coincidence…

(Gotta go again - apparently a pair of flying pigs are now doing their aerial ...mating courtship)

Well it looks like Wall Street are heading towards the standard zenith...of sucking the sheeple......into US equities
(same old rinse & repeat)
- moms & pops likely to be fleeced (again)....... on the near horizon

Worldwide - the flow into...equities



So out of the worlwide flow into equities above
- how much is Wall Street managing to suck in to.....US Equities
- VS - how much is going into...non US Equities




So how does the...flow (tidal wave ?) into...... US Equities
- compare to the flow into.....other asset classes




So - it seems.....on balance.....ALL - IN on the US equities front so far !

So is it the pro's..... or as usually the case.....the sheeple
- being sucked in at the top
- who will ..as..usual.....be left holding the bag
(when they pull the plug)





And what about the - really big money....the hedge funds
- are they... increasing their exposure to equities
- or unloading...to the willing incoming.....sheeple




Overall therefore
- Equity investment is flying in.....at volumes...... not seen since around 2000/01
- US equities, have the lions share of the worlwide .....flow into equities
- US equities are "top 3" of flows..... into asset class

As to split
- Retail sheeple are ....the net buyers
- and the pro's are the ...net sellers
- with the hedge funds....willingly offloading


Perhaps Kyle Bass was on to something...
...the Fed's policies are forcing..... mom-and-pop.... to
- "put their money in....
- the wrong place at the wrong time."
- There will be consequences for that... there is only one way this will end...

"and investors should be really careful.....
- doing what the central bankers want them to do."

Miners gapped down from the opem.

See if the 61.8% Fib line offers support...



Notice the similar pattern to $Gold...



S.

The skewed Inv 'H&S' could be in play still...



S.

Great stuff guys, thanks for updates and posts.

tick tock



Consulates and the Vatican in Chaos as HSBC tells them to Find Another Bank

"Diplomats in London have been thrown into chaos after Britain's biggest bank, HSBC, sacked them as customers and gave them 60 days to move their accounts."

"Their situation has been made far worse because other banks have been closing ranks and refusing to take their business."

"More than 40 embassies, consulates and High Commissions have been affected. Even the Vatican has been given its marching orders."

http://www.dailymail.co.uk/money/news/article-2384003/Consulates-Vatican-chaos-HSBC-tells-bank.html

That's old story, I suspect those involved knew this for a couple of weeks.

It will be sorted out soon, as many banks would love to offer them the service.

Seems to be bleeding to death cutting through everything with ease. ...



In hindsight I shoud have stayed on Friday afternoon and initiated hedges at the break of the triangle support line. Now I will have to scale out prior to the close if we don't see a recovery. I notice there is divergence on the RSI above.

One positive is $Silver is holding up quite well.

S.

$GOLD - Is holding on but needs to remain above its 20/DMA and break above the 50/DMA for the potential 'Bull Flag' to play out...



S.

Miners have tagged the first 'Gap' and may bounce from thee...



S.

Almost 10 'Dojis' and 'Hammers' in a row?/? On $Silver.

Look at the bollinger Bands how they are tightening. Something will give and probably with a jolt. This would be where a 'Strangle' Option trade would come in handy, that is where you hold both puts and calls for the same instument for the same maturity date, would only work out if there is a large enough move in one direction to offset the loss on the opposing option.



Don't ask me any more about options cos I NEVER GET THEM RIGHT.

S.

I will hold onto the miners to see if we can bounce from the Gap and perhaps plot a 'Triangle' ...



S.

Sahara - options could prove a sore point (come Dec), or possibly next time I see him :o)

If you recollect when my son discussed silver, as he left, I said (completely off the top of my head, with absolutely.... no info or figures...just plucked out the air as ..an option example, in effect)

oh - you could probably go the option route, pick up a Dec option to buy say 20,000 Dec silver contracts @ $27 for £3/400
- & if silver hit $30
- you would probably make around $60,000 ish.
- the words 60,000 made his eyes light up
- but, he has never bought a share in his life, and completes on his 1st house shortly
- so I thought he would have enough on his plate etc & and not even a few hundred pounds to play with.

The above straight option is about my limit of understanding options, and in hindsight
- I must pluck some more abstract figures out the air in future......as
- got a text from him tonight
"bought 20,000 dec $27 silver for.....£380....fingers crossed for Dec"
(nearly fell off my chair at plucking figures out the air, actually playing out)
- text back for more detail
- to cut the text exchange story down
- He bought some Soc Gen SY81

Looked them up - and saw "parity 1/10" which was a ???
- I gather it is the ratio of the option....to the underlying actual
- looked that up.......& the option he has is for 1/10th of an oz....not a full oz
(so he doesn't have an option on 20,000 oz ...only 1/10th ie 2,000 oz. So at $30 dollars expiry....a potential $6,000(ish) profit.....not erm...$60,000).

Now do I tell him.....??
(will sleep on it :o)

Mexico was forecast
- to increase... its silver production this year,
- however if present trends continue, total output could...... fall nearly 10% in 2013

the last two latest reports coming from Mexico’s INEGI, we can see that the majority of the declines have come from Zacatecas — the richest silver region in the country.

Retail investor - inflows into equities - really do seem ....
- to gather steam....at market tops
- being led in by the nose....to carry the bag
(when the boyz have offloaded)





The chart above shows the investor psychology cycle of investment behavior overlaid against the S&P 500 index.
- The bar graph in the chart is the 3-month average of net monthly inflows by retail investors into equity based mutual funds.

Any hint of what has really been driving up the stockmarket
- such as any correlation
- between the rise in the S & P
- and...the amount of QE pumped in by the FEDy
(indicated by the ....expansion of it's balance sheet :o)

But surely the rise.....is (as the talking heads are saying) - the demand flowing into domestic equity mutual funds.

Begs the question, then..... why it went up....the rest of the time
- when as the following chart's - downward spikes ...illustrate

- Funds were heading out the exits.....for around 90%+ of the time





I think I will go with the suggestion in this chart &.....the previous post

- FEDy pumping in the QE.....and pumping.. up...the S & P

As posted on the other side, a great clip to show to all your friends and family who just don't get it

http://www.youtube.com/watch?v=5z5xwb2xCyk&feature=youtu.be

One of my fellow director found this.....on the BBC!!!


http://www.bbc.co.uk/news/health-22967727

Nicely put conclusion** by Embry

And the fact is that the derivatives in the banking system are utterly toxic.

If the so-called economic strength is in fact real, and I don’t believe it is, but if it is real and the U.S. really does begin to ‘taper’ to any large degree, interest rates are going to go up sharply.

This will literally endanger the entire banking system because of the blowups that will begin to take place in the derivatives market which will be related to interest rates.


So the West is playing a really dangerous game here and it’s going to be fascinating to see how this next crisis unfolds.
- We have never seen anything like this in history.
- There are over one quadrillion dollars worth of derivatives out there
- and they are concentrated in the largest banks in the world.

If things become really unsettled and chaotic in the interest rate world,
- I promise you
- there will be massive winners
- and massive losers
(in the derivatives game).

**But the bottom line is.... the losers...... won’t be able to pay,

- so the winners..... can’t win.

Snurkle - that Titanic/Gold youT - is excellent.