We have several large inventory movements to report from Friday's COMEX warehouse inventory data, including a massive 1.4 Million ounce REGISTERED silver withdrawal from the Brink's vault!
For those wondering the difference between registered and eligible COMEX silver inventories, The Doc attempted to explain the differences here over the weekend.
COMEX WAREHOUSE SILVER INVENTORY REPORT 8/29/2011
*Brink's had a massive withdrawal of 1,382,612 ounces out of REGISTERED vaults
*Brink's had another large withdrawal of 600,934 ounces out of Eligible vaults
*The Delaware Depository had a small withdrawal of 2,814 ounces out of eligible vaults
*The Delaware Depository also reported an adjustment of 2 (yes, you read that right, TWO) ounces into eligible vaults)
*NO CHANGES FOR JPM OR HSBC.
*Scotia Mocotta had a large deposit of 1,581,998 ounces into eligible vaults
*TOTAL REGISTERED COMEX Silver Inventory declined by 1,382,612 ounces to 32,146,141 ounces
*TOTAL ELIGIBLE COMEX Silver Inventory increased a net 978,252 ounces to 72,774,654 ounces
*TOTAL COMEX SILVER INVENTORY declined to 104,920,795 ounces