Volatility continues in the COMEX silver warehouses, with several large movements to report from Friday's trading as the cartel attempts to survive the September delivery month in silver.
COMEX WAREHOUSE Silver Inventory Update 8/15/2011
*Brink's adjusted 146,019 ounces out of eligible and into registered vaults to put out fires
*Brink's received a large deposit of 595,006 ounces into eligible vaults
*Brink's also had a small withdrawal of 972 ounces out of eligible vaults
*NO ACTION in The Morgue, HSBS, or Scottia Mocotta vaults
*TOTAL Comex Registered Silver inventories increased by 146,019 ounces to 27,954,098 ounces
*TOTAL Comex Eligible Silver inventories increased a net 222,950 ounces to 78,339,121 ounces
*TOTAL COMEX Silver Inventory increased a net 594,034 ounces to 106,293,219 ounces
Clearly the cartel is doing all that it can to build inventories to survive the September delivery month, one of the largest COMEX silver delivery months of the year.
Adding more intrigue to the September delivery, the Wynter Benton group has reappeared again threatening to disrupt COMEX delivery.
September should be interesting.