Absolutely massive inventory volatility continued in COMEX silver warehouses Friday, as 1.3 million ounces of silver were withdrawn from Brink’s REGISTERED vaults, and JP Morgan and Scotia Mocata reported 1 and 2 million ounce deposits respectively into eligible vaults.

If you aren’t already long Post-It-Notes, you’ve likely already missed the trade.

COMEX WAREHOUSE SILVER INVENTORY UPDATE 8/6/12

METAL DEPOSITORY STATISTICS
SILVER Report Date: 8/6/2012
Troy Ounce Activity Date: 8/3/2012
DEPOSITORY PREV TOTAL RECEIVED WITHDRAWN NET CHANGE ADJUSTMENT TOTAL TODAY
BRINK’S, INC.
  Registered 18,462,497.170 0.000 1,311,573.600 -1,311,573.600 0.000 17,150,923.570
  Eligible 11,830,784.860 0.000 71,661.140 -71,661.140 0.000 11,759,123.720
  Total 30,293,282.030 0.000 1,383,234.740 -1,383,234.740 0.000 28,910,047.290
DELAWARE DEPOSITORY
  Registered 2,287,168.360 0.000 0.000 0.000 25,599.783 2,312,768.143
  Eligible 21,510,892.216 0.000 0.000 0.000 -25,599.783 21,485,292.433
  Total 23,798,060.576 0.000 0.000 0.000 0.000 23,798,060.576
HSBC BANK, USA
  Registered 4,456,778.130 0.000 0.000 0.000 0.000 4,456,778.130
  Eligible 35,232,354.160 0.000 300,950.740 -300,950.740 0.000 34,931,403.420
  Total 39,689,132.290 0.000 300,950.740 -300,950.740 0.000 39,388,181.550
JP MORGAN CHASE BANK NA
  Registered 6,330,687.615 0.000 0.000 0.000 0.000 6,330,687.615
  Eligible 9,975,068.936 1,033,065.220 53,947.400 979,117.820 0.000 10,954,186.756
  Total 16,305,756.551 1,033,065.220 53,947.400 979,117.820 0.000 17,284,874.371
SCOTIA MOCATTA
  Registered 6,868,093.960 0.000 0.000 0.000 0.000 6,868,093.960
  Eligible 21,900,889.109 2,051,356.080 40,030.490 2,011,325.590 0.000 23,912,214.699
  Total 28,768,983.069 2,051,356.080 40,030.490 2,011,325.590 0.000 30,780,308.659
TOTAL REGISTERED 38,405,225.235 0.000 1,311,573.600 -1,311,573.600 25,599.783 37,119,251.418
TOTAL ELIGIBLE 100,449,989.281 3,084,421.300 466,589.770 2,617,831.530 -25,599.783 103,042,221.028
COMBINED TOTAL 138,855,214.516 3,084,421.300 1,778,163.370 1,306,257.930 0.000 140,161,472.446

 

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

  1. Just more of the same–all the shuffling seems irrelevant to me; Commercials increase net shorts by 30 million was Saturdays headline, right? Can’t say how significant any of these reports are. Just trying to add 4 oz a week and honestly hoping that the present “status quo” doesn’t change.

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