COMEX Warehouse Stocks Feb 2, 2011

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
177,634 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 43.46 Mozs
Total customer inventory 60.12 Mozs
Combined Total 103.59 Mozs

GOLD ZERO ozs withdrawn from the dealers (registered) category
2,898 ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.93 Mozs
Total customer inventory 8.47 Mozs
Combined Total 11.40 Mozs

There were 2.9 Kozs of gold withdrawn from the customer inventory. There were 0.18 Mozs of silver deposited in the customer inventory. The total inventory still has a “103” handle. It would only take 8700 contracts standing for delivery to clean out all of the registered inventory. That is not hard to imagine when there are 64,670 contracts open in the MAR contract.

There were 255 delivery notices issued in the FEB gold contract. The FEB gold delivery notice total for the month is 8,849 notices or 884,900 ozs.

There were 67 delivery notice issued in the FEB silver contract. The FEB silver delivery notice total for the month is 188 or 0.9 Mozs.

The OI in FEB gold decreased to 2,396 contracts which together with the issued delivery notices means that the potential for delivery is 1.12 Mozs or 38% of the registered inventory. The silver MAR open interest increased to 64,670 contracts.
Cheers
Adrian