Wednesday, December 11: Today in Gold and Silver:
http://www.thestreet.com/story/12150869 ... _ven=YAHOO"The CME's Daily Delivery Report showed that 414 gold and 93 silver contracts were posted for delivery on Thursday within the Comex-approved depositories. The two largest short/issuers were UBS, and JPMorgan Chase out of its client account. They issued 150 and 250 contracts respectively. And, not surprisingly, it was JPMorgan Chase in its in-house [proprietary] trading account that scooped up 401 contracts as the largest long/stopper by far. This is the second time in the December delivery month that JPM was actively trading against its own clients' best interests--giving one set of investment advice to them, but knowing that it was going to do precisely the opposite as a company."
[...]
"There were no reported changes in GLD on Tuesday, but a big chunk of silver was withdrawn from SLV by an authorized participant, as 3,081,085 troy ounces were shipped off for parts unknown. Judging by the price action over the last five or six business days, it's my guess that it had nothing to do with the price activity--and everything to do with the fact that someone needed their silver more desperately in another location."