EXTRA! EXTRA! READ ALL ABOUT IT!
JP MORGAN LOSES SILVER WEDNESDAY!
COMEX SILVER INVENTORY REPORT 8/18/11
*Brink's- No movement
*The Delaware Depository had a small withdrawal of 4,050 ounces from eligible vaults
*HSBC- No movement
*JP Morgan had an adjustment of 22,050 ounces out of eligible vaults. Not adjusted into registered vaults, just adjusted out of eligible vaults. Where was the 22,050 ounces adjusted to? Either the janitor's closet or into the SLV we would imagine.
*Scotia Mocotta had a massive adjustment of 1,003,128 ounces out of eligible vaults, and into eligible vaults. (Well, all but 31 ounces of it made it into registered vaults. The rest of it ended up with JP Morgan's adjustment)
*Scotia Mocotta also received a large deposit of 630,512 ounces into eligible vaults
*Scotia Mocotta also had a withdrawal of 25,923 ounces out of eligible vaults
*TOTAL COMEX REGISTERED Silver Inventories increased a net 1,003,097 ounces to 29,568,355 ounces
*TOTAL COMEX ELIGIBLE Silver Inventories declined a net 424,639 ounces to 76,935,001 ounces
*TOTAL COMEX Silver Inventories increased to 106,503,356 ounces
