HSBC moved 6.7 million ounces from Eligible to Registered hopefully to cater for future deliveries, the gold - silver manipulation has already started for the Febr 25th options-futures termination date.
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Silver Troy Ounces Warehouse Stocks
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01/30/2009
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|
|
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|
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Comex
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Prev Tot
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Received
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Withdrawn
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Net Chg
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Tot Today
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TOTAL REGISTERED
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63´708´351
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0
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71´475
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-71´475
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63´636´876
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TOTAL ELIGIBLE
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60´244´526
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20´607
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0
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20´607
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60´265´133
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COMBINED TOTAL
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123´952´877
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20´607
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71´475
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-50´868
|
123´902´009
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|
|
|
|
|
|
|
|
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02/02/2009
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|
|
|
|
|
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Prev Tot
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Received
|
Withdrawn
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Net Chg
|
Tot Today
|
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TOTAL REGISTERED
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63´636´876
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6´726´423
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621´702
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6´104´721
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69´741´597
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TOTAL ELIGIBLE
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60´265´133
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361´292
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8´143´101
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-7´781´809
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52´483´324
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COMBINED TOTAL
|
123´902´009
|
7´087´715
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8´764´803
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-1´677´088
|
122´224´921
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The registered inventory hasn't been this high for a while. It would take some $866 million to liquidate the Comex Nymex registered inventory. Not all that much for a determined market participant but on the other hand the registered inventory hasn't moved much over recent months, perhaps only very few are actually taking delivery.
COMEX warehouses “registered” metals are available for physical delivery.
http://cmegroup.com/trading/energy-m...
