COMEX Warehouse Stocks Feb 22, 2011
CARTEL CRIMINALS LEAVE FINGERPRINTS ON COMEX DATA
SILVER
ZERO ozs withdrawn from the dealer’s (registered) inventory
16,370 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 41.91 Mozs
Total customer inventory 60.44 Mozs
Combined Total 102.35 Mozs
GOLD
62,160 ozs withdrawn from the dealers (registered) category
ZERO ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.54 Mozs
Total customer inventory 8.60 Mozs
Combined Total 11.14 Mozs
There were 62 Kozs of gold withdrawn from the dealer inventory. There were 16 kozs of silver withdrawn from the customer inventory. We still have a “102” handle on the total inventory.
THE Comex failed to update the delivery notice data today.
The FEB gold delivery notice total for the month is 10,728 notices or 1,072,800 ozs.
The FEB silver delivery notice total for the month is 425 or 2.12 Mozs.
The OI in FEB gold decreased to 585 contracts which together with the issued delivery notices means that the potential for delivery is 1.14 Mozs or 43% of the registered inventory. The silver MAR open interest decreased to 50,848 contracts; the MAR OI is still incredibly high so close to first notice day on Feb 28. The cartel has a big problem in silver delivery coming their way!
The cartel criminals left their fingerprint all over the Comex data today. The Open Interest in MAR silver is 50,848 YET the traded volume was 124,000 contracts!!! How can this be? How can so many contracts be bought and sold in the same day when it is only 4 days from first notice day? This means that the equivalent of every contract was sold 2.5 times over or half the open interest changed hands 5 times in the session or 10% of the open interest changed hands 24 times during the session. None of these scenarios make any sense if one invokes only traditional futures trading. This is without out a doubt the Cartel using high frequency trading to try to get the long holders to sell. The total open interest in silver is 150,160 but the volume traded was 166,595!! This is outrageous. How can the equivalent of each and every contract trade more than once in the session? Only by computerized trading designed to manipulate markets. The good news is that so far the holders of the MAR contracts refuse to liquidate. Will a large number stand for delivery? It is looking increasingly more likely. Watch out above!
Cheers
Adrian
