Tuesday, November 1, 2011

Brink's & Scotia Lose 300,000 Ounces of REGISTERED Silver Monday

We have documented the massive increase in COMEX inventory volatility recently, but Monday's action is unprecedented over the past 6 months.  (naturally in every vault EXCEPT The Morgue's)
Million ounce plus deposits into eligible vaults.  Numerous massive withdrawals from REGISTERED vaults.
Perhaps more than a few individuals are requesting possession of their phyzz with the MF Global fiasco/theft of over $700 Billion client's funds?


*Brink's had a withdrawal of 117,573 ounces out of REGISTERED vaults
*Brink's also received a massive deposit of 1,150,819 ounces into eligible vaults

*The Delaware Depository
received a deposit of 38,617 ounces into eligible vaults

*HSBC received a massive deposit of 618,271 ounces into eligible vaults

*No changes for JP Morgan

*Scotia Mocatta
had a large withdrawal of 191,277 ounces out of REGISTERED VAULTS
*Scotia also received a deposit of 32,720 ounces into eligible vaults

*TOTAL REGISTERED COMEX Silver Inventories declined a net 308,850 ounces to 31,189,326 ounces
*TOTAL ELIGIBLE COMEX Silver Inventories increased a net 1,840,487 ounces to 75,517,303 ounces
*TOTAL COMEX SILVER Warehouse Inventories increased a net 1,531,637 ounces to 106,706,629 ounces