Wednesday, November 16, 2011


JP Morgan has made a MASSIVE adjustment of PHYSICAL SILVER into its REGISTERED VAULTS, moving over 1 MILLION OUNCES from eligible into REGISTERED OVERNIGHT!

For those inquiring as to the significance of an inventory adjustment from eligible to registered vaults, please see The Doc's explanation of registered vs. eligible COMEX categories for a full understanding of the implications.

*Brink's received a deposit of 81,297 ounces into eligible vaults
*Brink's also had a withdrawal of 76,253 ounces out of eligible vaults

*The Delaware Depository adjusted 2 ounces out of eligible vaults

*No Changes for HSBC

*JP Morgan adjusted 1,103,280 ounces out of eligible vaults, and into registered vaults

JPM's registered inventories TRIPLED from 557,265 ounces to 1,660,545 ounces on Tuesday!
Is The Morgue preparing for substantial delivery demands for December?
The similarity between the 1.1 million ounce adjustment into registered by The Morgue and the 1.4 million ounces of registered silver that remain not eligible for delivery due to the MF Global fiasco is striking.
Perhaps The Morgue is moving to prevent a COMEX default due to the 1.4 M ounces of registered phyzz being unavailable for delivery, and Blythe is receiving massive amounts of notices of intents to stand for delivery as everyone realizes they do not want to end up like Gerald Celente.
This could be the sign of massive loss of confidence in the paper COMEX market, triggered by the theft of client assets at MF Global.  Once confidence is lost in the paper market, that's all she wrote for the silver manipulation.

*Scotia Mocatta also adjusted 5,258 ounces out of eligible and into registered vaults
*Scotia also had a withdrawal of 10,400 ounces out of eligible vaults

*TOTAL REGISTERED COMEX SILVER INVENTORIES increased a net 1,108,538 ounces to 33,194,595 ounces
*TOTAL ELIGIBLE COMEX SILVER INVENTORIES declined to 73,901,153 ounces
*TOTAL COMEX SILVER INVENTORIES declined to 107,095,748 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