While total COMEX (mainly eligible) inventories increasing over the past 6 months after reaching all-time lows this summer, many silver investors have become discouraged based on silver inventories appearing to ease at the COMEX.
Inventory VOLATILITY however, remains at all-time highs however, and indicates that supply remains extremely tight as silver is moved into and out of COMEX vaults at frantic paces to satisfy delivery demands.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 12/20/11
*Brink's had a large withdrawal of 598,435 ounces out of eligible vaults
*Brink's also had a large deposit of 300,799 ounces into eligible vaults
*The Delaware Depository received a deposit of 70,278 ounces into eligible vaults
*No Changes for HSBC, The Morgue, or Scotia Mocatta
*TOTAL COMEX REGISTERED SILVER Inventories were unchanged at 34,063,702 ounces
*TOTAL COMEX ELIGIBLE SILVER Inventories declined to 78,833,238 ounces
*TOTAL COMEX SILVER Inventories declined to 112,896,940 ounces
Once again, NO MENTION OF THE CME OF THE MISSING 1.4 MILLION OUNCES OF REGISTERED SILVER, which now reportedly per Max Keiser was obtained from JP Morgan by Jamie Dimon threatening Jon Corzine with DEATH unless he turned over the MFG clients' phyzz and funds!!!
As a strangely coincidental supply turned up in JPMorgan vaults almost simultaneously as the MFGlobal clients phyzz went missing, until the CME provides an update of what happened to this stolen inventory, The Doc will continue to provide the latest available info on this from the CME:
*Registered ounces of metal currently not available for delivery
as of 11/4/11 due to MFGI bankruptcy. Included in above totals.