*UPDATE: FDNY tweet confirms fire is in a commercial vault!
A journalist on scene on Wall Street this evening [Friday] has just sent us footage of a massive fleet of Firetrucks and ambulances in front of JP Morgan’s headquarters at 1 Chase Manhattan Plaza, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT!
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?
Video footage on scene is below:
*Update: We have been unable to find any coverage of the situation on any MSM media outlet, which implies the event may likely have been a black-ops drill, or could be simply light weekend staffing as the fire occurred late Saturday evening.
We will keep readers updated as more info becomes available. –
*Update 2: While firefighters on scene stated fire was in the basement of JPM at 1 Chase Manhattan Plaza, FDNY confirms via twitter that the fire is in the VAULT at JPMorgan’s former HQ at 15 Broad St!!!
Meanwhile, earlier Saturday: