Tuesday, November 8, 2011

Brink's Adjusts 26,000 oz of Silver Out of Registered, 1.2M oz of Registered Inventories Remain Unavail for Delivery

Brink's had a large adjustment of nearly 26,000 ounces of silver out of registered vaults and into eligible vaults, and HSBC had a massive withdrawal from eligible vaults to report from Monday's COMEX silver warehouse action.
Perhaps even bigger news is that over 1.2 million ounces of registered silver inventories remain unavailable for delivery due to the MF Global fiasco (because the silver has already been snatched by JPM who moved to make a lien on ALL of MF Global's assets within 8 hours of the bankruptcy announcement??)


*Brink's adjusted 25,595 ounces of registered silver into eligible vaults

*HSBC had a large withdrawal of 382,274 ounces from eligible vaults

*No Changes for Delaware, JP Morgan, or Scotia Mocatta

Silver inventories declined by 25,595 ounces to 31,132,682 ounces
*TOTAL ELIGIBLE COMEX Silver inventories declined to 76,866,552 ounces
*TOTAL COMEX Silver Inventories declined to 107,999,234 ounces

*Registered ounces of metal currently not available  for delivery as of 11/4/11
due to MFGI bankruptcy. Included in above totals.

DEPOSITORY  Registered 
Brinks         210,320
Delaware           65,706
HSBC         793,734
Scotia Mocatta         351,156