COMEX Warehouse Stocks Mar 17, 2011

SILVER

489,419 ozs deposited in the dealer’s (registered) inventory
1,563,983 ozs deposited in the customer (eligible) inventory
Total dealer inventory 41.56 Mozs
Total customer inventory 62.40 Mozs
Combined Total 103.96 Mozs

GOLD

ZERO ozs withdrawn from the dealers (registered) category
19,021 ozs deposited in the customer (eligible) category
Total dealer inventory 2.36 Mozs
Total customer inventory 8.65 Mozs
Combined Total 11.02 Mozs

There were 19Kozs of gold deposited in the customer inventory. In silver the cartel made a huge effort to round up some metal and 0.494 Mozs were deposited in the dealer inventory while 1.56 Mozs were deposited in the customer inventory. However, there is still the potential for a total of 10.2 Mozs of silver needing to be delivered this month so this may be withdrawn just as fast as it arrived.

There is a new development worth noting; there is a new registered Comex depository listed http://www.cmegroup.com/trading/energy/files/Silver_Stocks.xls which currently has zero gold and zero silver inventory listed in it. Who is the new registrant?...none other than JPMorgan Chase!!

There was 1 delivery notice issued in the MAR gold contract. The MAR gold delivery notice total for the month is 1,118 notices or 111,800 ozs.

There were 131 delivery notices issued in the MAR silver contract. The MAR silver delivery notice total for the month is 978 or 4.89 Mozs.

The OI in MAR silver stands at 1,054 contracts this is a large amount to be outstanding so late in the month. The shorts are clearly lacking available silver for delivery. The potential silver delivery for the month is 10.16 Mozs or 24.8% of the registered inventory.
Cheers
Adrian