2.5 M Oz of Silver Withdrawn From Brinks’ Registered Vaults, JPM Transfers 90k Oz to Scotia

July 30, 2012 By 9 Comments

We have unprecedented silver inventory volatility to report from Friday’s COMEX silver action, with the big news being a massive 2.5 million ounce REGISTERED (dealer) silver withdrawal from Brink’s.
There was a total of 4 inventory movements involving dealer (registered) inventories, and 9 total inventory movements to report.

Besides the massive withdrawal from Brink’s vaults, there was also an 89,842.240 ounce silver withdrawal from JP Morgan, and a coinciding identical 89.942.240 oz deposit into Scotia Mocatta.
In summary:  We’re long Post-It-Notes.

COMEX WAREHOUSE SILVER INVENTORY UPDATE 7/30/12

METAL DEPOSITORY STATISTICS
SILVER Report Date: 7/30/2012
Troy Ounce Activity Date: 7/27/2012
DEPOSITORY PREV TOTAL RECEIVED WITHDRAWN NET CHANGE ADJUSTMENT TOTAL TODAY
BRINK’S, INC.
  Registered 20,427,530.730 598,339.280 2,501,769.800 -1,903,430.520 -30,806.310 18,493,293.900
  Eligible 11,259,789.570 2,069.670 82,655.450 -80,585.780 30,806.310 11,210,010.100
  Total 31,687,320.300 600,408.950 2,584,425.250 -1,984,016.300 0.000 29,703,304.000
DELAWARE DEPOSITORY
  Registered 2,286,699.906 0.000 0.000 0.000 0.000 2,286,699.906
  Eligible 21,542,360.924 0.000 5,132.600 -5,132.600 0.000 21,537,228.324
  Total 23,829,060.830 0.000 5,132.600 -5,132.600 0.000 23,823,928.230
HSBC BANK, USA
  Registered 4,572,374.470 0.000 0.000 0.000 -5,212.640 4,567,161.830
  Eligible 34,677,509.900 0.000 0.000 0.000 5,212.640 34,682,722.540
  Total 39,249,884.370 0.000 0.000 0.000 0.000 39,249,884.370
JP MORGAN CHASE BANK NA
  Registered 6,480,818.675 0.000 0.000 0.000 0.000 6,480,818.675
  Eligible 10,093,376.476 0.000 89,842.240 -89,842.240 0.000 10,003,534.236
  Total 16,574,195.151 0.000 89,842.240 -89,842.240 0.000 16,484,352.911
SCOTIA MOCATTA
  Registered 7,060,757.740 0.000 0.000 0.000 0.000 7,060,757.740
  Eligible 22,677,284.219 89,842.240 0.000 89,842.240 0.000 22,767,126.459
  Total 29,738,041.959 89,842.240 0.000 89,842.240 0.000 29,827,884.199
TOTAL REGISTERED 40,828,181.521 598,339.280 2,501,769.800 -1,903,430.520 -36,018.950 38,888,732.051
TOTAL ELIGIBLE 100,250,321.089 91,911.910 177,630.290 -85,718.380 36,018.950 100,200,621.659
COMBINED TOTAL 141,078,502.610 690,251.190 2,679,400.090 -1,989,148.900 0.000 139,089,353.710

 

www.cmegroup.com/delivery_reports/Silver_stocks.xls

 

Every day we’re shufflin….shufflin

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


Check out these similar articles:

  1. Nearly 600k Ounces of Registered Silver Withdrawn from Brink’s Vaults Monday
  2. 1.4 Million Ounces of REGISTERED Silver Withdrawn From Brink’s Vaults Friday
  3. HSBC Transfers 215,439 Ounces of Silver into Scotia Mocotta Vaults Wednesday!
  4. 1 Million Ounces of Silver Withdrawn from Scotia Vaults Monday
  5. Did Somebody Say Phyzz?? 615,920 Ounces of Brink’s REGISTERED Silver Transferred to Scotia’s ELIGIBLE Vaults
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Comments

  1. Avatar of AGXIIK AGXIIK says:
    July 30, 2012 at 5:48 PM

    Nice pop for silver and it’s holding  Good news

  2. Avatar of hunkered_down hunkered_down says:
    July 30, 2012 at 6:40 PM

    Expect to see some big redemption’s from SLV as the silver price rises…

  3. Avatar of PatFields PatFields says:
    July 30, 2012 at 7:29 PM

    This is getting SERIOUS! When the elites themselves ‘run on the bank’, you can expect those little brown speckles on the wall to get a whole lot more numerous. Millennial History is knocking at the door!

  4. Avatar of aussie aussie says:
    July 30, 2012 at 8:55 PM

    Looks like Brinks must be delivering my monthly order!

    well at least I can dream

  5. Avatar of Ed_B Ed_B says:
    July 30, 2012 at 11:28 PM

    Maybe Brinks is delivering 1/3 of Eric Sprotts latest order?

  6. Avatar of Tears of the Moon Tears of the Moon says:
    July 31, 2012 at 12:42 AM

     
     

  7. Avatar of Tears of the Moon Tears of the Moon says:
    July 31, 2012 at 12:56 AM

    2.5 Mil oz is such a huge amount!

    It equates to:
    77,760 of these:
    Or 5,184 boxes of PAMP silver (15kg to a box):
  8. Avatar of AGXIIK AGXIIK says:
    July 31, 2012 at 2:22 AM

    Aussie  It looks like we are both trying to take delivery of the same silver.  There goes the paper market.  Silver will hit $300 an ounce tomorrow.   Well, maybe next week.   I can dream too. 

  9. Avatar of Conax Conax says:
    July 31, 2012 at 3:16 PM

    Broken record time- I just don’t believe they have 38 million ounces all registered and ready to go. It took them the entire month of July to deliver only 9 million. Harvey said there were quite a few cash settlements (although there is no proof of this, the contracts just disappear).
    If they wanted to convince me they had all this, they should have finished the deliveries in the first week or two. It looks like they had to get out their begging bowl and hit up all sorts of sources to cover it all.
    Just an opinion from the wilderness.
    Hold fast, I think we are ripe for a big move.

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