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Rubicon Minerals Corporation Message Board

  • pioneerrubi pioneerrubi Jul 2, 2013 8:52 AM Flag

    JPM Comex Gold

    Bill Holter/Miles Franklin
    July 1/13


    I will give it one more day to see if JP Morgan delivers from both their dealer inventory and from the customer side. They are contracted to deliver roughly 100,000 ounces more Gold IN JUNE than they had in their inventories as of Friday afternoon. As I see it, they need to completely empty their inventory AND deliver another 100,000 ounces to honor contracts. It is still not even clear that delivery was made on the 1,000 call options from May. This is a very big deal if you believe in contract law, if not...oh well there's always dancing with the stars or the America's got talent
    I will give it one more day to see if JP Morgan delivers from both their dealer inventory and from the customer side. They are contracted to deliver roughly 100,000 ounces more Gold IN JUNE than they had in their inventories as of Friday afternoon. As I see it, they need to completely empty their inventory AND deliver another 100,000 ounces to honor contracts. It is still not even clear that delivery was made on the 1,000 call options from May. This is a very big deal if you believe in contract law, if not...oh well there's always dancing with the stars or the America's got talent

    Sentiment: Strong Buy

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