COMEX Warehouse Stocks Nov 29, 2010

SILVER

114,715 ozs withdrawn from the dealer’s (registered) inventory
143,360 ozs deposited in the customer (eligible) inventory
Total dealer inventory 48.44 Mozs
Total customer inventory 58.82 Mozs
Combined Total 107.26 Mozs

GOLD

1,600 ozs deposited in the dealers (registered) category
3,072 ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.62 Mozs
Total customer inventory 8.82 Mozs
Combined Total 11.45 Mozs

In gold there were a paltry 1.6 Kozs deposited in the dealer inventory and 3Kozs withdrawn from the customer inventory. In silver 0.11 Mozs were withdrawn from the dealer inventory while 0.14 Mozs were deposited in the customer inventory.

Today was the last trading day of the DEC contract but we only have the open interest as of Friday. The Open Interest for DEC silver is 17,208 contracts which is 86 Mozs. This is 40% more than the registered inventory! In gold the Open Interest in DEC is 59,412 which is still very high and equivalent to 5.9 million ozs…which is twice what the dealers hold as registered inventory. We will know what the final numbers are tomorrow but it looks like there are some serious amounts being demanded for delivery; this is going to strain the paltry inventories of the perma-shorts.

There were 16 delivery notices issued in the NOV gold contract. The NOV gold delivery notice total for the month is 1167 notices or 116,700 ozs.

There were 0 delivery notices issued in the NOV silver contract. The total delivery notices for the month in silver stand at 906 or 4.5 Mozs.
Cheers
Adrian