COMEX Warehouse Stocks Apr 29, 2011

SILVER

14,275 ozs withdrawn from the dealer’s (registered) inventory
106,872 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 33.30 Mozs
Total customer inventory 68.62 Mozs
Combined Total 101.93 Mozs

GOLD

ZERO ozs withdrawn from the dealers (registered) category
2,857 ozs withdrawn from the customer (eligible) category
Total dealer inventory 1.78 Mozs
Total customer inventory 9.24 Mozs
Combined Total 11.03 Mozs

There were 2.8 Kozs of gold withdrawn from the customer inventory. 152 Kozs of gold were transferred from the dealer inventory to the customer inventory by way of an internal "adjustment". In silver 0.12 Mozs were withdrawn from the Comex warehouse bit not one single ounce was received!

There was 1 delivery notice issued in the MAY gold contract. The MAY gold delivery notice total for the month is 20 notices or 2,000 ozs.

There were 4 delivery notices issued in the MAY silver contract. The MAY silver delivery notice total for the month is 10 or 0.05 Mozs. This is another shocker because the Open Interest standing for delivery is 2,166 contracts which is 10.83 million ozs. The lack of deliveries after two notices days tells us the shorts do not have any silver available. No wonder MF Global compliance dept. is in a state of panic and has increased their margin requirement to 175% of what CME minimum is set at.

The OI for MAY in silver stands at 2,166 contracts and in gold it stands at only 202 contracts.
Cheers
Adrian