COMEX Warehouse Stocks Jan 19, 2011

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
51,976 ozs deposited in the customer (eligible) inventory
Total dealer inventory 44.84 Mozs
Total customer inventory 59.57 Mozs
Combined Total 104.41 Mozs

GOLD

ZERO ozs withdrawn from the dealers (registered) category
ZERO ozs withdrawn from the customer (eligible) category
Total dealer inventory 3.07 Mozs
Total customer inventory 8.65 Mozs
Combined Total 11.72 Mozs

There were no movements at all in gold yet again (do we believe that?). There were 0.05 Mozs of silver deposited in the customer inventory.

There were 59 delivery notices issued in the JAN gold contract. The JAN gold delivery notice total for the month is 652 notices or 65,200 ozs.

There were 66 delivery notice issued in the JAN silver contract. The JAN silver delivery notice total for the month is 497 or 2.5 Mozs.

The open interest in JAN gold is 69 contracts (increased 19 contracts from yesterday) and in JAN silver it is 91 contracts (increased 57 contracts from yesterday). There clearly will be no delivery concerns for this month. The next big delivery threats for the cartel are FEB gold and MAR silver. The huge OI in FEB gold decreased by 11,346 contracts to 258,424 contracts. The silver MAR open interest decreased by 2,036 contracts to 73,539 contracts. Silver OI for MAR is showing no signs of backing off. The gold total OI decreased by 5,024 contracts to 587,832 and in silver it decreased by 1,254 contracts to 135,675 contracts. There has been very little liquidation.
Cheers
Adrian