COMEX Warehouse Stocks Feb 17, 2011

SILVER

10,055 ozs withdrawn from the dealer’s (registered) inventory
27,419 ozs deposited in the customer (eligible) inventory
Total dealer inventory 41.91 Mozs
Total customer inventory 60.64 Mozs
Combined Total 102.55 Mozs

GOLD

64,166 ozs withdrawn from the dealers (registered) category
101,923 ozs deposited in the customer (eligible) category
Total dealer inventory 2.60 Mozs
Total customer inventory 8.65 Mozs
Combined Total 11.25 Mozs

There were 102 Kozs of gold deposited in the customer inventory and 64 Kozs withdrawn from the dealer inventory. There were 10 kozs of silver withdrawn from the dealer inventory and 27 Kozs deposited in the customer inventory. We still have a "102" handle on the total inventory.

There were 58 delivery notices issued in the FEB gold contract. The FEB gold delivery notice total for the month is 10,725 notices or 1,072,500 ozs.

There were 18 delivery notices issued in the FEB silver contract. The FEB silver delivery notice total for the month is 412 or 2.06 Mozs.

The OI in FEB gold decreased to 648 contracts which together with the issued delivery notices means that the potential for delivery is 1.14 Mozs or 43% of the registered inventory. The silver MAR open interest decreased to 55,811 contracts; the MAR OI is still very high so close to first notice day on Feb 28. The cartel has a big problem in silver delivery coming their way!
Cheers
Adrian