COMEX Warehouse Stocks Dec 28, 2010

DRAIN OF SILVER INVENTORY CONTINUES

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
623,301 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 46.22 Mozs
Total customer inventory 58.26 Mozs
Combined Total 104.48 Mozs

GOLD

ZERO ozs withdrawn from the dealers (registered) category
23,468 ozs withdrawn from the customer (eligible) category
Total dealer inventory 3.07 Mozs
Total customer inventory 8.55 Mozs
Combined Total 11.62 Mozs

There were 23 Kozs of gold withdrawn from the customer inventory. There were 0.62 Mozs of silver withdrawn from the customer inventory. In addition there were 0.17 Mozs of silver transferred from the dealer inventory to the customer inventory by way of an internal “adjustment”. The silver inventory is continuing to be drained.

There were 189 delivery notices issued in the DEC gold contract. The DEC gold delivery notice total for the month is 11,244 notices or 1,124,400 ozs. Demonstrating JPM’s manipulative control of the short side it issued 184 of the 189 notices.

There were 50 delivery notices issued in the DEC silver contract. The DEC silver delivery notice total for the month is 1,772 or 8.9 Mozs. JPM issued 46 of the 50 notices.

The Open Interest in DEC gold is 336 contracts which along with the issued delivery notices means the total standing for delivery could be 1.16 million ozs which is 38% of the dealer inventory. The Open Interest in DEC silver is 129 contracts which along with the issued delivery notices means the total standing for delivery could be 9.5 Mozs which is 21% of the dealer inventory.
Cheers
Adrian