Big players continued their massive withdrawals of silver from COMEX vaults Tuesday, as Delaware, HSBC, and JP Morgan all reported adjustments OUT OF REGISTERED inventories, and Scotia Mocatta reported another 600,000 + oz withdrawal from eligible vaults!

COMEX WAREHOUSE SILVER INVENTORY UPDATE 7/25/12

METAL DEPOSITORY STATISTICS
SILVER Report Date: 7/25/2012
Troy Ounce Activity Date: 7/24/2012
DEPOSITORY PREV TOTAL RECEIVED WITHDRAWN NET CHANGE ADJUSTMENT TOTAL TODAY
BRINK’S, INC.
  Registered 19,530,596.590 0.000 0.000 0.000 0.000 19,530,596.590
  Eligible 11,047,331.670 0.000 0.000 0.000 0.000 11,047,331.670
  Total 30,577,928.260 0.000 0.000 0.000 0.000 30,577,928.260
DELAWARE DEPOSITORY
  Registered 2,312,885.434 0.000 0.000 0.000 -26,185.528 2,286,699.906
  Eligible 21,518,092.980 3,128.290 0.000 3,128.290 26,185.528 21,547,406.798
  Total 23,830,978.414 3,128.290 0.000 3,128.290 0.000 23,834,106.704
HSBC BANK, USA
  Registered 4,661,190.340 0.000 0.000 0.000 -67,879.650 4,593,310.690
  Eligible 34,914,680.300 0.000 0.000 0.000 67,879.650 34,982,559.950
  Total 39,575,870.640 0.000 0.000 0.000 0.000 39,575,870.640
JP MORGAN CHASE BANK NA
  Registered 6,547,898.145 0.000 0.000 0.000 -89,842.240 6,458,055.905
  Eligible 9,391,803.206 0.000 0.000 0.000 89,842.240 9,481,645.446
  Total 15,939,701.351 0.000 0.000 0.000 0.000 15,939,701.351
SCOTIA MOCATTA
  Registered 7,232,983.140 0.000 0.000 0.000 0.000 7,232,983.140
  Eligible 24,072,983.352 0.000 670,704.483 -670,704.483 0.000 23,402,278.869
  Total 31,305,966.492 0.000 670,704.483 -670,704.483 0.000 30,635,262.009
TOTAL REGISTERED 40,285,553.649 0.000 0.000 0.000 -183,907.418 40,101,646.231
TOTAL ELIGIBLE 100,944,891.508 3,128.290 670,704.483 -667,576.193 183,907.418 100,461,222.733
COMBINED TOTAL 141,230,445.157 3,128.290 670,704.483 -667,576.193 0.000 140,562,868.964

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. The timing of this increased exiting follows closely on the heels of that ‘Loco London’ announcement eeking its way past the ‘media guards’. One more leak of huge gold or silver related rip-offs like THAT and the retreat will become a full-fledged scramble for the fire-exits.

  2. I remember when I visited this site for the first time.  I saw this report and didn’t know what to make of it.  After learning how to interpret this report and watching it for the last several years I have notice one glaring thing.  No longer is there more “registered” silver in the vaults than “eligible” silver.  This means that the cartel that works the paper CRIMEX has shifted their metal because they are being forced to deliver it.  STACK the SMACK!!!  The only way for a free market to prevail is by taking out the ability for those that can manipulate it.

  3. Remind us what Registered and Eligible means? :)

    Almost bought a RCM 100z’er during the weekend… gdamn… it woulda been nice to hold that in my hands whether the spot goes up or down.
  4. Yesterday Harvery Organ noted that SLV went from about 311,700,000 oz to about309,900,000 oz  between Monday and Tuesday of this week.  That’s 1.8 MOZ.  It seems that should means something but I don’t know if it is significant.   But it is still alot of silver moving from SLV.  Nearly $50,000,000 worth of silver

  5. How does JPM still have any Silver left in the dealer vault?”


    How would we know for sure whether or not they had ANY silver in their vaults?  Trust them to tell us?  HAR HAR HAR!!!

    Anyway, in the middle of a quiet night you can stick your head out of a window and listen carefully to what sounds like the far away roar of a waterfall.  It isn’t.  It’s really the “giant sucking sound” of PMs being pulled out of western bullion banks and ending up in Asian central banks.  Makes me wonder just how much longer this can go on before those vaults are well and truly EMPTY.  I guess that would be one way of ending the manipulation but something tells me that it is not a good way to do it.

  6. At the risk of sounding like the Amen Corner of the silver speakers, I have to agree with Sinclair, Willie and Harvey Organ that there either no silver or such a deplete  supply that all hell will break lose when the vaults are open.  HSCB that has control of the SLV and JPM is always close as hand to oversee things SLV.  I always think think honest bankers when JPM and HSBC come to mind.

      In my opinion we are going see something like MFG or Peregrine with the outright theft of their allocated accounts.  With SLV it will be a couple of orders of magnitude larger.  It’s pretty clear that the rule of the day with the banking community is now  “If you’re going to steal, steal big”  Fort Knox is empty.  SLV and GLD are  tempting target rich environments.

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