COMEX Warehouse Stocks Nov 5, 2010

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
1,002,114 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 51.30 Mozs
Total customer inventory 57.87 Mozs
Combined Total 109.18 Mozs

GOLD

(Comex did not update the gold inventory info so these numbers are from Nov 4)

6,300 ozs deposited in the dealers (registered) category
14,100 ozs deposited in the customer (eligible) category
Total dealer inventory 2.71 Mozs
Total customer inventory 8.49 Mozs
Combined Total 11.20 Mozs

Yesterday I said “The total silver inventory could crack the 110 Mozs level soon”…et voila, no more than 24 hours later the silver inventory falls by one million ozs to 109.18 Mozs. This was due to 1 Mozs of silver being withdrawn from the customer inventory. As of writing this the Comex had updated the silver warehouse inventory data but has not updated the gold data. I have never seen that before they are always updated together. Just an administrative slip or there is something they don’t want us to see? We will find out on Monday.

There were 18 delivery notices issued in the NOV gold contract. The NOV gold delivery notice total for the month is 766 notices or 76,600 ozs.

There was 1 delivery notice issued in the NOV silver contract. The total delivery notices for the month in silver stand at 440 or 2.2 Mozs.
Cheers
Adrian