Massive inventory volatility continued in CRIMEX silver warehouse vaults on Friday 7/8, with several large deposits into COMEX eligible silver vaults, and another large adjustment to report.
COMEX Silver Warehouse Inventory Update 7/8/2011
*Brink's received a massive 1,088,962 ounce deposit into eligible vaults
*HSBS had a 34,864 ounce deposit into eligible vaults
*HSBS also adjusted 29,667 ounces from registered (deliverable) into eligible vaults
*The Delaware Depository had a withdrawal of 1 bar (972 ounces) from eligible vaults
*Total Registered COMEX Silver supplies declined by 29,667 ounces to 28,160,627 ounces
*Total Eligible COMEX Silver supplies increased a net 1,152,521 ounces to 72,812,684 ounces
*Total COMEX Silver supplies are now back above 100 million at 100,973,311 ounces
We'll see how long the cartel is able to keep total supplies above 100 million ounces, and deliverable supplies above 25 million ounces.
