Numerous large deposits to report from COMEX silver warehouse action on Friday as the cartel appears likely to be again gang-raping silver with the intention of inducing a liquidation of PHYZZ from the SLV, which of course can then be scooped up by the cartel and used to put out block-fires on the COMEX.
Just like in May, when we documented how JP Morgan increased their COMEX inventories by 39% in 2 days during the May silver assassination attempt, we are again seeing large inventory movements into the COMEX coinciding with massive paper raids (although JP Morgan is not participating with HSBC this time- at least not per the CME's stats from Friday).
COMEX WAREHOUSE SILVER INVENTORY REPORT 9/26/11
*Brink's had a massive deposit of 600,105 ounces into eligible vaults
*Brink's also had a small withdrawal of 16,473 ounces out of eligible vaults
*The Delaware Depository received a small deposit of 1,019 ounces into eligible vaults
*Delaware also had a small withdrawal of 10,434 ounces out of eligible vaults
*HSBC had a massive deposit of 582,710 ounces into eligible vaults
*HSBC also lost another silver eagle to the janitor, as a single ounce was again adjusted out of eligible vaults
*No changes for The Morgue
*Scotia Mocatta received a large deposit of 305,038 ounces into eligible vaults
*COMEX Registered Silver Inventories were unchanged on the day at 31,041,080 ounces
*COMEX Eligible Silver Inventories increased a net 1.46 M ounces to 76,189,376 ounces
*TOTAL COMEX Silver Inventories increased to 107,230,456 ounces
