COMEX Warehouse Stocks Aug 23, 2010

SILVER

194,280 withdrawn from the dealer’s (registered) inventory
356,683 ozs deposited in the customer (eligible) inventory
Total dealer inventory 50.82 Mozs
Total customer inventory 60.69 Mozs
Combined Total 111.51 Mozs

GOLD

36,522 ozs withdrawn from the dealers (registered) category
4,353 ozs deposited in the customer (eligible) category
Total dealer inventory 2.58 Mozs
Total customer inventory 8.29 Mozs
Combined Total 10.87 Mozs

There were 36Kozs of gold withdrawn from the dealer inventory while just 4.4Kozs were deposited in the customer inventory. The gold inventory used to be comatose but there are no some substantial movements occurring. 240,000 ozs have moved out during the last month. There were 0.36 Mozs of silver deposited in the customer inventory. Curiously the weight was almost identical to the amount deposited on Friday.

There were 183 delivery notices issued in the AUG gold contract. The AUG gold delivery notice total for the month is 6,737 notices or 673,700 ozs.

JPM issued 183 and stopped 0, and HSBC issued none and stopped 176.

There were 3 delivery notices issued in the AUG silver contract. The total delivery notices for the month in silver stand at 21 or 105,000 ozs.

The Open Interest in the AUG gold contract stands at 663 contracts. Together with the delivery notices issued the potential total amount standing for delivery in AUG could be 740Kozs or 29% of the dealer inventory.

There are 34,230 contracts of open interest in SEP silver or 171 Mozs; this is very high for this time of the month and must be giving JPM cardiac arrest just thinking about what will happen if a large proportion stands for delivery.
Cheers
Adrian