Tuesday, March 27, 2012

600k Ounces of Silver Withdrawn from Scotia Vaults, Show up in HSBC Vaults Monday

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More apparent shenanigans in COMEX silver warehouses Monday, as a nearly identical 600,000 ounce withdrawal from Scotia's registered vault showed up in Brink's eligible ledger.  No need to worry however, as the CME reported the transfers down to the thousandth of an ounce, removing any doubts over the credibility of their reports. 
At least the 3-card Monte will be accounted for properly- minus the 1.4 million ounces still missing from MFG clients.


COMEX WAREHOUSE SILVER INVENTORY UPDATE- 3/27/12



*Brink's received a deposit of 300,052.660 ounces into eligible vaults
*Brink's also had a withdrawal of 2,010.200 ounces out of eligible vaults


*Scotia Mocatta recported a withdrawal of 611,950.190 ounces out of REGISTERED vaults


*HSBC reported a deposit of a nearly identical 621,198.800 ounces into eligible vaults
*HSBC also adjusted 24.010 ounces out of registered, into eligible vaults



*No Changes for Delaware or our good friends at JP Morgan





*TOTAL REGISTERED Silver declined to 35,448,922.040 ounces
*TOTAL ELIGIBLE Silver increased to 100,203,437.770 ounces
*TOTAL COMEX Silver inventories increased to 135,652,359.810 ounces


While the CME is now reporting inventory levels to 3 decimal places, strangely enough- once again, NO MENTION FROM THE CME OF THE MISSING 1.4 MILLION OUNCES OF REGISTERED SILVER THAT SIMPLY DISAPPEARED IN THE AFTERMATH OF THE MF GLOBAL BANKRUPTCY!

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.