Monday, December 5, 2011

Did the CME Just Find the 1.4 Million Ounces of Registered Silver Stolen from MFG Clients?

Has over 1.4 million ounces of MF Global clients' stolen registered silver been discovered by the CME in JP Morgan vaults?


*Brink's received a large deposit of 300,052 ounces into REGISTERED vaults
*Brink's also had a withdrawal of 5,282 ounces from REGISTERED vaults
*Brink's also had a withdrawal of 4,001 ounces from eligible vaults

No Changes for Delaware, HSBC, or JP Morgan

*Scotia Mocatta had a withdrawal of 30,395 ounces from REGISTERED vaults

*TOTAL COMEX REGISTERED Silver increased a net 264,375 ounces to 34,268,389 ounces
*TOTAL COMEX ELIGIBLE Silver declined to 74,162,793 ounces
*TOTAL COMEX SILVER Inventories increased to 108,431,182 ounces

Now to the big news & the fun:
Regular SD readers are aware that the CME has been reporting over 1.4 million ounces of registered silver have been unavailable for delivery in the wake of the MFGlobal collapse/ client theft.
For those who haven't seen, The Doc (courtesy the CME) has reported this daily since early November:

1.4 Million ounces of MF Global Clients' registered silver remains confiscated (likely by JP Morgan) and unavailable for delivery

*Registered ounces of metal currently not available for delivery
as of 11/4/11 due to MFGI bankruptcy. Included in above totals.

DEPOSITORY  Registered 
Brinks 210,320
Delaware 65,706
HSBC 793,734
Scotia Mocatta 351,156
TOTAL                                                               1,420,916

Well as of today 12/5/11, the CME includes no mention of the 1.4 million ounces of unavailable silver in its daily update.  No mention of whether it is now available for delivery- has suddenly been found, nothing.  Simply no mention of the topic.
So did the CME just find the MF Global clients' missing phyzz, or did they just stop reporting it, hoping this will somehow all just simply disappear like a bad dream!?!