COMEX Warehouse Stocks Mar 22, 2011>/i>

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
982,858 ozs deposited in the customer (eligible) inventory
Total dealer inventory 41.11 Mozs
Total customer inventory 63.23 Mozs
Combined Total 104.34Mozs

GOLD

ZERO ozs withdrawn from the dealers (registered) category
ZERO ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.36 Mozs
Total customer inventory 8.65 Mozs
Combined Total 11.02 Mozs

There were no movements of gold in or out of the warehouse but 5kozs were transferred from the dealer inventory to the customer inventory by way of an internal adjustment. In silver 0.96 Mozs were deposited in customer inventory which brings the total inventory back to a “104” handle again, however the registered inventory remains at a very puny 41 Mozs.

There were ZERO delivery notices issued in the MAR gold contract. The MAR gold delivery notice total for the month is 1,142 notices or 114,200 ozs.

There were ZERO delivery notices issued in the MAR silver contract. The MAR silver delivery notice total for the month is 980 or 4.90 Mozs.

The OI in MAR silver stands at 875 contracts which is high for this stage in the delivery month and it is particularly noteworthy that there were no delivery notices issued today! The potential silver delivery for the month is 9.27 Mozs or 22.6% of the registered inventory.

There are 222,499 contracts open in APR gold. This is going to be the next challenge for the cartel because that represents 22 Mozs of gold which is ten times the registered inventory. Even if 90% of the contracts sell or roll this will strain the thin Comex registered inventory.
Cheers
Adrian