Thursday, March 29, 2012

Scotia Transfers 600k Ounces of Silver into JP Morgan Vaults Wednesday

It appears that Scotia Mocatta's silver vaults are currently the emergency silver reserves for our friends at alleged silver manipulators HSBC and JPMorgan.   Tuesday we reported that 600k ounces of silver had left Scotia's vaults only to appear in HSBC's.
Well, the 3-card monte continued in COMEX silver warehouses Wednesday, as Scotia Mocatta reported a withdrawal of 605,601.130 ounces out of registered vaults, and JP Morgan listed receipt of an identical 605,601.130 ounces into eligible vaults!
Apparently Blythe had a fire or 2 to put out at the end of the March delivery month for silver.


*Brink's received a deposit of 594,576.530 ounces into REGISTERED vaults
*Brink's also received a deposit of 1,029.490 ounces into eligible vaults

*The Delaware Depository reported a withdrawal of 3,062.050 ounces out of eligible vaults

*As mentioned above, Scotia Mocatta reported a withdrawal of 605,601.130 ounces out of REGISTERED vaults, and JP Morgan reported an identical deposit of 605,601.130 ounces into eligible vaults

*No Changes for HSBC

*TOTAL REGISTERED Silver declined a net 11,024.600 ounces to 34,832,325.980 ounces
*TOTAL ELIGIBLE Silver increased a net 603,568.570 ounces to 102,278,241.540 ounces
*TOTAL COMEX Silver increased to 137,110,567.520 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