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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • J.P. Morgan Converts Almost All Of Its Eligible Gold To Registered Gold 0 comments
    Apr 1, 2013 5:30 PM | about stocks: GLD

    And again, over the weekend, J.P. Morgan converted its eligible gold into registered gold. I predict that we will see the total gold stock decline once again as a rise in registered gold means people will take delivery.

    J.P. Morgan has now almost converted all of its eligible gold into registered gold.

    (click to enlarge)

    Chart 1: Gold Stock COMEX

    On the silver stock, we don't see anything significant happen yet.

    Stocks: GLD
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