COMEX Warehouse Stocks Mar 23, 2011

SILVER

66,277 ozs withdrawn from the dealer’s (registered) inventory
10,175 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 41.35 Mozs
Total customer inventory 62.91 Mozs
Combined Total 104.26 Mozs

GOLD

1,405 ozs deposited in the dealers (registered) category
ZERO ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.36 Mozs
Total customer inventory 8.65 Mozs

Combined Total 11.02 Mozs There were 1.4 Kozs of gold deposited in the dealer inventory. In silver 0.07 Mozs were withdrawn from the customer inventory and 0.01 Mozs were withdrawn from the customer inventory. 0.3 Mozs were transferred from the customer inventory to the dealer inventory by way of an internal adjustment…that movement is the wrong way for a delivery!

There were 75 delivery notices issued in the MAR gold contract. The MAR gold delivery notice total for the month is 1,217 notices or 121,700 ozs.

There were 87 delivery notices issued in the MAR silver contract. The MAR silver delivery notice total for the month is 1,065 or 5.3 Mozs.

The OI in MAR silver only dropped 32 contracts and stands at 843 contracts which is high for this stage in the delivery month. The potential silver delivery for the month is 9.64 Mozs or 23.2% of the registered inventory. The stress in the physical supply of silver is being manifested in the price…the squeeze is on!
Cheers
Adrian