Monday, November 28, 2011

Massive Inventory Volatility Continues in COMEX Silver Vaults

After Friday's report of JP Morgan adjusting 613,738 ounces of silver into registered vaults, today's COMEX inventory update had no changes from JP Morgan, but did see several massive withdrawals from Scotia's vaults.

COMEX WAREHOUSE SILVER INVENTORY UPDATE 11/28/11

*Delaware received a small deposit of 4,041 ounces into eligible vaults

*Scotia Mocatta
had a large withdrawal of 25,917 ounces out of eligible vaults
*Scotia also had a massive adjustment of 600,749 ounces OUT of eligible vaults
This was not adjusted out of eligible vaults and into registered...just simply adjusted out.  Perhaps it will show up in several days in The Morgue's registered vaults, or in Blythe's back pocket?   We'll keep our eyes open.

*No Changes for Brink's, HSBC, or JP Morgan

*TOTAL REGISTERED Silver was unchanged at 34,051,874 ounces
*TOTAL ELIGIBLE Silver declined to 73,270,542 ounces
*TOTAL COMEX SILVER Inventories declined to 107,322,416 ounces
And 1.4 million ounces of registered silver remain unaccounted for and unavailable for delivery. 
Well, unaccounted for per the CME, The Doc has his suspicions!


*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