Gold: 48.1% depleted. Delivery notices today: 11,400 oz. (but 20,000 oz added to inventory)
Silver: 46.5% depleted. Delivery notices today: 155,000 oz.
No Bust, No Joy: but we got almost half-way there! We’ll try again starting Feb 2009.
COMEX trades hundreds of times more gold & silver than they actually possess. If enough investors demand delivery of PHYSICAL gold & silver COMEX stockpiles will be depleted. If COMEX runs out, the ensuing rush to grab physical metal to settle contract obligations *could* be the spark that ignites the long-awaited precious metals wildfire.
COMEX warehouses contain both “registered” and “eligible” metals. The “registered” metals are available for physical delivery. The “eligible” metals are not ready for delivery until they become “registered.” Although this pool of “eligible” metals is stored at COMEX warehouses there is no obligation to “register” these metals for subsequent physical deliveries.
The graph shows:
1) the cumulative ounces of metal delivery notices this month,
2) the ounces of “registered” metal available for delivery,
The percentage shown is based on the cumulative physical metal delivery notices for the month against the “registered” amount of metal in COMEX.
“Eligible” metal inventories are not shown as they do not have a direct bearing on the inventory depletion ratio.
 COMEX precious metals warehouse stocks:
 COMEX precious metals daily delivery notices: http://cmegroup.com/trading/energy-metals/files/delivery.pdf
Link to master list of reports: http://www.cmegroup.com/trading/energy-metals/nymex-daily-reports.html
Link to most recent clearing info (first & last notice dates): http://www.cmegroup.com/tools-information/most-recent-clearing.html or try this direct link
Link to delivery dates through 2015: http://www.nymex.com/gol_fut_termin.aspx
– Gold: Is This It, NOW?
– Attack of COMEX Gold & Silver
– How 2 Track COMEX Deliveries
– Sinclair Sez “Help Me Bust Comex”
– This Guy Plans 2 Kill “Paper” Silver
– COMEX: Taking Delizery Is EZ