3.1 M Ounces of Silver Withdrawn from Brink’s Tuesday, JPM Reports Paper Deposit as ‘Silver’

Brink’s reported a massive 3.1 million ounce silver withdrawal from the customer inventory Tuesday, and our friends at JPMorgan reported a deposit of 720,000 ounces.
The farce continues:

JP Morgan again made a mockery of the COMEX physical inventory update by reporting Tuesday’s deposit of exactly 720,000.000 ounces. The statistical likelihood of 720 one-thousand ounce bars adding up to exactly 720k ounces…to 3 decimal places is roughly the same as the likelihood of the sun rising in the Western sky on 4/19.

This means the ‘deposit’ reported by JP Morgan is merely a paper shuffling of ‘silver’ inventory around as the cartel is now desperate to keep the charade going a little longer.

COMEX WAREHOUSE SILVER INVENTORY UPDATE 4/18/12

SILVER Report Date: 4/18/2012
Troy Ounce Activity Date: 4/17/2012
DEPOSITORY PREV TOTAL RECEIVED WITHDRAWN NET CHANGE ADJUSTMENT TOTAL TODAY
BRINK’S, INC.
Registered 14,016,239.700 0.000 0.000 0.000 0.000 14,016,239.700
Eligible 12,567,943.760 302,932.900 3,104,105.770 -2,801,172.870 0.000 9,766,770.890
Total 26,584,183.460 302,932.900 3,104,105.770 -2,801,172.870 0.000 23,783,010.590
DELAWARE DEPOSITORY
Registered 2,186,825.865 0.000 0.000 0.000 0.000 2,186,825.865
Eligible 21,150,033.316 0.000 0.000 0.000 0.000 21,150,033.316
Total 23,336,859.181 0.000 0.000 0.000 0.000 23,336,859.181
HSBC BANK, USA
Registered 5,123,851.000 0.000 0.000 0.000 0.000 5,123,851.000
Eligible 36,908,385.420 0.000 3,095.580 -3,095.580 0.000 36,905,289.840
Total 42,032,236.420 0.000 3,095.580 -3,095.580 0.000 42,029,140.840
JP MORGAN CHASE BANK NA
Registered 1,268,416.700 0.000 0.000 0.000 0.000 1,268,416.700
Eligible 11,051,182.660 720,000.000 0.000 720,000.000 0.000 11,771,182.660
Total 12,319,599.360 720,000.000 0.000 720,000.000 0.000 13,039,599.360
SCOTIA MOCATTA
Registered 6,745,498.140 0.000 0.000 0.000 0.000 6,745,498.140
Eligible 29,102,492.630 0.000 0.000 0.000 0.000 29,102,492.630
Total 35,847,990.770 0.000 0.000 0.000 0.000 35,847,990.770
TOTAL REGISTERED 29,340,831.405 0.000 0.000 0.000 0.000 29,340,831.405
TOTAL ELIGIBLE 110,780,037.786 1,022,932.900 3,107,201.350 -2,084,268.450 0.000 108,695,769.336
COMBINED TOTAL 140,120,869.191 1,022,932.900 3,107,201.350 -2,084,268.450 0.000 138,036,600.741


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

Comments

  1. Only got my usual 4 oz……

  2. Home screen is currently being worked on by our technical team.  They are making a few minor adjustments and it should be back up and running shortly.

  3. The forum is still open for discussion.  Only a handful of people have earned an entry to win a First Majestic round and there’s only a little over 5 hours left to qualify.

    For each one of your forum
    comments which collects over 2 coins in the next 24 hours (ending at
    11:59 p.m. EST on 4/18/12), you will earn 1 entry into a drawing for
    Wednesday’s 1/2 ounce First Majestic round giveaway.

  4. Everybody to the forum. I need some coins. 

  5. Doc     I guess you got busted.    Rumor has it you bought the 3 million ounces for Silver Doctor readers prizes.  We appreciate that a lot. 

  6. Hey the website is back up and running…but still…someone get into the forum and get me some coins.  I need some free phyzz. 

  7. AGXIIK
    <!––>

    1
    AGXIIK April 18, 2012 at 6:55 PM

    Doc     I guess you got busted.    Rumor has it you bought the 3 million ounces for Silver Doctor readers prizes.  We appreciate that a lot. 

    The skuttlebut is we each will receive a monster box of Eagles for each of us

  8. What a bunch of swindlers. Exactly 720,000.000 ounces. No way. No doubt about the manipulation. What a farce. In the old west they used to run the snake oil salesmen out of town or shoot ‘em. Nah. That would be too good. If the CFTC won’t see the manipulation I guess we’ll have to do as Danno says and just keep buying the phyzz and let the COMEX die slow.

  9. i’m not sure i follow the line of reasoning.
    why isn’t it possible for them to deposit exactly 720 x 1000 oz bars?

  10. reflector
    <!––>

    0
    reflector April 18, 2012 at 11:24 PM i’m not sure i follow the line of reasoning.
    why isn’t it possible for them to deposit exactly 720 x 1000 oz bars?

    Because the bars all have different weights

     
    some may weigh 998.957 oz
     
    some may weigh 1002.335 oz
     
    some may weigh 1000.347 oz
     
    as far as I know & correct me if I am wrong no 2 bars weigh the same ( this exposes the scam )
     
    but they dont have the ability to make each poured bar the same weight at that size – they will vary plus or minus a certain percent
     
    a pressed bar 5 – 10 – 100 oz would be pretty much spot on
     
    but not a human poured mold bar at 1000 oz
  11. ok, the 3-decimal place exactness is a piece of ridiculousness, to be sure.
    i assumed it existed either to try to convince people that the comex knows *exactly* what’s going on with that exactness, or, it was to make the numbers on hand appear larger because of the extra digits.
    either way, a confidence game.

    but, setting the 3-significant digit foolishness aside, i don’t see why they can’t have added 720 x 1000 oz bars, or, if as you say, poured bars vary slightly in weight, then why couldnt they have added 7200 x 100 oz pressed bars.

  12. Holy PLAIN AS DAY MANIPULATION BATMAN!!! I’m thinking we need to replace the pic of the CME crooks with Sterling…
     It’s obvious they are going to continue to allow these SWINDLERS, as 2 OZ pegged them, to do as they like… We need to do anything in our powers to interrupt there little games… Convert your fiat to Phyzz OZ as you have been… Maybe you can find a way to start picking up another OZ or 2 a week… Whatever we can do we need to do it… It’s apparently the only way to get there attention and let them know we are serious about taking back our Phyzz market! Every OZ we take off the market is less OZ for the cartel to manipulate…  

  13. Sorry 2 OZ, I will be working in the garden today.

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  2. [...] we advised readers that JP Morgan had reported a nearly impossible exactly 720,000.000 ounce physical silver deposit into eligible vaults, which in reality was likely merely a paper [...]

  3. [...] we advised readers that JP Morgan had reported a nearly impossible exactly 720,000.000 ounce physical silver depositinto eligible vaults, which in reality was likely merely a paper [...]

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