The drawdown in COMEX Registered silver inventories continued Monday, as Brink’s today reported an adjustment of 1.5 million ounces of silver out of registered vaults and into eligible vaults, bringing the total COMEX REGISTERED inventories under 30 million ounces for the first time since last summer.
(For a description of the significance of registered silver inventories vs. eligible, please see our review of the topic here)
COMEX WAREHOUSE SILVER INVENTORY UPDATE 4/10/12
*Brink’s reported a withdrawal of 259,832.160 ounces out of eligible vaults
*Brink’s also reported an adjustment of 1,542,904.930 ounces out of registered vaults, and into eligible vaults
*Delaware reported a deposit of 977.500 ounces into eligible vaults
*Delaware also reported an adjustment of 30 ounces out of registered vaults
*HSBC reported a withdrawal of 188,661.500 ounces out of eligible vaults
*Scotia Mocatta reported a withdrawal of 986.850 ounces out of eligible vaults
*NO Changes for JP Morgan
*Total COMEX REGISTERED Silver declined a net 1,542,934.930 ounces to 29,302,649.795 ounces- the first time in months we have seen registered inventories below 30 million ounces
*TOTAL COMEX ELIGIBLE Silver increased to 110,308,238.305 ounces
*TOTAL COMEX Silver declined to 139,610,888.100 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.