COMEX Warehouse Stocks Apr 21, 2011

DRAIN OF COMEX INVENTORY CONTINUES

SILVER

34,822 ozs withdrawn from the dealer’s (registered) inventory
446,562 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 35.72 Mozs
Total customer inventory 66.79 Mozs
Combined Total 102.51 Mozs

GOLD

32,099 ozs withdrawn from the dealers (registered) category
7,974 ozs deposited in the customer (eligible) category
Total dealer inventory 1.97 Mozs
Total customer inventory 9.02 Mozs
Combined Total 10.99 Mozs

There were 32 Kozs of gold withdrawn from the dealer inventory and 7 Kozs deposited in the customer inventory. There was alos a very large internal "adjustment" that moved 107 Kozs of gold from the dealer inventory to the customer inventory. That is a delivery being made by the shorts! In silver the drain of inventory continues. A net withdrawal of 0.04 Mozs was made from the dealer inventory and 0.45 Mozs were withdrawn from the customer inventory. The total inventory is now carrying a "102" handle BUT the dealer inventory is inadequately low as the end of the contract month expires and almost every silver call option is in the money!

There was 1 delivery notice issued in the APR gold contract. The APR gold delivery notice total for the month is 3,283 notices or 328,300 ozs.

There were 2 delivery notices issued in the APR silver contract. The APR silver delivery notice total for the month is 145 or 0.73 Mozs.

The OI in APR silver stands at only 51 contracts (an INCREASE of 25 from yesterday) while in gold it decreased 185 to stand at 600 contracts. The potential gold delivery for the month is 388,300 ozs or 19% of the registered inventory.
Cheers
Adrian