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- How convenient!
- Massive Fire Reported in Basement Vault of JPM Building! Gold Force Majeure?
*UPDATED 2:45pm Sunday:
A journalist on scene on Wall Street this evening has just sent us footage of a massive fleet of Firetrucks and ambulances in front of the JP Morgan Chase building, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT!
*FDNY has confirmed that the fire is in a commercial vault at JPMs old HQ of 15 Broad St.
With JPM’s gold inventory plunging 66% Friday to an all-time low of 46,000 ounces, and with reportedly over 502,000 ounces still standing against JPM for the JUNE gold contract, is the long anticipated force-majeure event in progress?