RECORD WITHDRAWAL OF GOLD – Today’s Quote

JP Morgan had the largest one-day withdrawal of gold ever. JP Morgan had 321,500 (exactly 10 metric tons) withdrawn from its Eligible category…

In just one day, JP Morgan lost 22% over its total gold stocks at the Comex. Total gold inventories at JP Morgan declined from 1,459,027 oz yesterday, to 1,137,527 oz.

Also, there was another 32,150 oz of gold withdrawn from Scotia Mocatta’s Eligible inventories. This is quite interesting as the removals from both JP Morgan & Scotia Mocatta turn out to be exactly 10 metric tons (JP Morgan) and 1 metric ton (Scotia) for a total of 11 metric tons.

via RECORD ONE-DAY WITHDRAWAL OF GOLD FROM JP MORGAN : SRSrocco Report

Top 10 Items to Buy Before The Election

The economic, environmental, religious and political stressors on society are compounding in ways not seen since at least the 1960’s.  These forces will have an affect on the prices (and likely the availability) of a number of the goods and commodities you use regularly as well as those important for preparedness.  Of course, the big elephant (or donkey) in the room is the upcoming U.S. presidential election.  I urge you to consider Prepography‘s Top 10 Items to Buy Before the Election: (more…)

ZeroHedge on Quantitative Easing – Today’s Quote

There was one thing, ONE THING only that Bernanke could do, to become a gold bug’s best friend today, than merely announcing QE [Quantitative Easing] 3/4. It was to announce open-ended QE. This means [that] this is the Fed’s final shot and there is no way to frontrun the Fed any more by definition.  It means the terminal start of currency debasement is now here.  It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear.  It also means that very soon stocks are about to realize what soaring “input costs” mean for the bottom line.

via ZeroHedge

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