COMEX Warehouse Stocks Apr 25, 2011

MASSIVE DRAIN OF COMEX INVENTORY CONTINUES

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
757,190 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 35.72 Mozs
Total customer inventory 66.04 Mozs
Combined Total 101.76 Mozs

GOLD

5,000 ozs deposited in the dealers (registered) category
32,034 ozs deposited in the customer (eligible) category
Total dealer inventory 1.98 Mozs
Total customer inventory 9.05 Mozs
Combined Total 11.03 Mozs

There were 32 Kozs of gold deposited in the customer inventory and 5 Kozs deposited in the dealer inventory. In silver there is another bombshell! The massive drain of inventory continues. 0.76 Mozs were with withdrawn from the customer inventory BUT NOT ONE OUNCE WAS RECEIVED. The total inventory is now carrying a "101" handle and the dealer inventory is inadequately low as the end of the contract month expires and 90% of the silver call options in the money! There are 43,170 contracts still open for MAY with first notice day on Friday!

There was 1 delivery notice issued in the APR gold contract. The APR gold delivery notice total for the month is 3,284 notices or 328,400 ozs.

There were 18 delivery notices issued in the APR silver contract. The APR silver delivery notice total for the month is 163 or 0.82 Mozs.

The OI in APR silver stands at only 66 contracts (an INCREASE of 15) while in gold it stands at 600 contracts. The potential gold delivery for the month is 388,400 ozs or 19.7% of the registered inventory.
Cheers
Adrian