Brink's JPM Receive 1 Million Ounces of Silver, CME Begins Fractional Ounce Accounting

Brink's and JPM received combined deposits of nearly 1 million ounces of silver into registered and eligible vaults Friday, and perhaps more interestingly, the CME group has now begun reporting silver inventory levels and movements to 3 decimal places!

COMEX WAREHOUSE SILVER INVENTORY UPDATE 3/19/12


*Brink's received a deposit of 317,855.10 ounces into registered vaults


*JP Morgan received a deposit of 589,020.50 ounces into eligible vaults


*Delaware, HSBC, JPM, and Scotia Mocatta all reported fractional ounce adjustments in what can only be a humorous attempt to make the CME's warehouse reports seem more legitimate.  If anything, it makes us question the validity of anything reported by the CME.

*TOTAL REGISTERED SILVER increased a net 317,855.100 ounces to 34,857,764.050 ounces
*TOTAL ELIGIBLE SILVER increased a net 589,020.300 ounces to 98,279,975.590 ounces
*TOTAL COMEX SILVER increased to 133,137,739.640 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.

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

TOTAL                                                               1,420,916

Link to today's CME report is here