COMEX Warehouse Stocks Dec 3, 2010

SILVER

5,171 ozs withdrawn from the dealer’s (registered) inventory
270,898 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 48.14 Mozs
Total customer inventory 58.97 Mozs
Combined Total 107.11 Mozs

GOLD

100 ozs withdrawn from the dealers (registered) category
2,122 ozs withdrawn from the customer (eligible) category
Total dealer inventory 3.10 Mozs
Total customer inventory 8.38 Mozs
Combined Total 11.48 Mozs

In gold there were a paltry 100 ozs withdrawn from the dealer inventory and 2 Kozs withdrawn from the customer inventory. In silver 5 kozs were withdrawn from the dealer inventory and a whopping 0.27 Mozs were withdrawn from the customer inventory. We will likely have a “106” handle on total inventory early next week!

There were 520 delivery notices issued in the DEC gold contract. The DEC gold delivery notice total for the month is 7,558 notices or 755,800 ozs.

There were 313 delivery notices issued in the DEC silver contract. The DEC silver delivery notice total for the month is 1003 or 5.0 Mozs.

The Open Interest in DEC gold is 4,362 contracts which along with the issued delivery notices means the total standing for delivery could be 1.19 million ozs which is 38% of the dealer inventory. The Open Interest in DEC silver is 1,152 contracts which along with the issued delivery notices means the total standing for delivery could be10.8 Mozs which is 22% of the dealer inventory.
Cheers
Adrian