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ADVISORY: COMEX GOLD, SILVER STOCK LEVELS RE-ADJUSTED
New York-Nov. 14-FWN--THE COMEX DIVISION OF NYMEX TODAY
reported that Swiss Bank Corp., who will cease to act as
a Licensed Depoistory for the storage of gold and silver
deliverable against COMEX's gold and silver futures
contracts on Nov. 21, 1997, has informed the exchange that
Swiss Bank has been incorrectly reporting the amount of gold
and silver eligible for delivery against the respective
contracts.
Due to an error in reporting stocks, the Metal
Warehouse Statistics from the close of business on Nov. 13
incorrectly showed a total of 3,811,872 troy ounces of
silver and 75,284 troy ounces of gold at Swiss Bank Corp.
The actual total was 335,203 troy ounces of silver and
43,696 troy ounces of gold.
Today's inventory report, dated Nov. 14, 1997,
correctly reflects the transfer of all Swiss Bank Corp. gold
and silver inventories to Republic National Bank.
11/14/97 17:07:59
Copyright 1997 by Futures World News
All Rights Reserved. |
