Wednesday, February 22, 2012

COMEX Warehouse Silver Inventory Update 2/22/12

910We have 5 silver inventory movements to report from Tuesday's trading, with two additional movements in Registered vaults to report.
While the total COMEX silver inventory has increased nearly 35 million ounces since last summer, volatility into and out of COMEX vaults remains at unprecedented levels- indicating an extremely tight physical market.  This seems to indicate that silver is being frantically moved around in order to meet delivery months for those longs who are standing for delivery.


*Brink's received a deposit of 6,616 ounces into eligible vaults
*Brink's had a withdrawal of 5,257 ounces out of REGISTERED vaults
*Brink's also had a withdrawal of 36,047 ounces out of eligible vaults

*The Delaware Depository received a deposit of 999 ounces into REGISTERED vaults

*Scotia Mocatta had a withdrawal of 15,721 ounces out of eligible vaults

*No changes for HSBC or JP Morgan

*TOTAL REGISTERED silver declined a net 4,258 ounces to 34,934,768 ounces
*TOTAL ELIGIBLE Silver declined a net 45,152 ounces to 94,297,590 ounces
*TOTAL COMEX Silver declined to 129,232,358 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.

DEPOSITORY  Registered 
Brinks 210,320
Delaware 65,706
HSBC 793,734
Scotia Mocatta 351,156
TOTAL                                                               1,420,916