Hints and tips:
Related Topics
...The CME, where the Comex futures contract for gold is traded, reported a three-month high in a measure of volatility that indicates options traders have been positioning for bullion prices to rise....
...In a sign of higher investor activity, the number of outstanding gold futures contracts on Comex has jumped 30 per cent since February 28, while net long positions rose about 64,000 to 208,000 contracts...
...demand was supported by the gold price holding firm above $1,900 per troy ounce despite sharp net outflows from exchange traded funds backed by gold in June and a net reduction in long positions in the Comex...
...The latest leg of a banking crisis, in which regional US bank PacWest said it was exploring a potential sale to secure its future, pushed trading in gold futures on the Comex exchange to match its all-time...
...The CME Group’s Comex exchange in New York is also working to build up liquidity in its cobalt contract that launched in December. “All contracts take time to build,” it said....
...Dealers also pay attention to derivative trading on the Comex market in New York to assess enthusiasm among institutional investors for gold....
...However, there are ways to get exposure to the contracts listed on the London Metal Exchange and Comex through exchange-traded products (ETPs), which can be bought and sold like listed shares....
...“While we have seen lower futures volumes traded on Comex in recent weeks because of the exchange-for-physical price dislocation in March, Comex remains one of many trading venues we and our clients use,...
...Peterffy still remembers his first day in a trading pit, the silver options floor of New York’s Comex in 1967 (the commodities exchange where the climax of Trading Places was later filmed), which left an...
...Thanks in part to people who heard the term supply chain for the first time last year, net non-commercial long positions in Comex copper were up to 75,000 contracts in recent days, close to December’s all-time...
...Following the brothers’ attempt, the Comex futures exchange limited the amount of silver that could be bought using leverage....
...As a result the premium for gold futures on Comex has now fallen to about $4 over the London price of gold....
...Instead, hedge funds and other speculators — who were net long more than 44,000 silver contracts on Comex last week — would be the likely winners from a rising silver price....
...By Wednesday, the premium had narrowed to about $22, after Comex’s owner, CME Group, introduced a new futures contract with more flexibility on delivery....
...The London Bullion Market Association said on Tuesday that there had been some impact on liquidity arising from price volatility in Comex 100-ounce futures contracts....
...On March 23, gold futures on the Comex exchange in New York rose to $70 above London’s spot price, due to fears of a lack of physical metal to settle the contracts....
...Those bars need shipping to New York to deliver against gold futures traded on the Comex exchange. The prospect of disruption in gold shipments between the two cities adds a premium....
...The DoJ alleged the three men named in the indictment placed deceptive orders for gold, silver, platinum and palladium futures contracts on exchanges run by the CME Group, including the Nymex and Comex exchanges...
...Investor indifference to gold is also evident in the latest positioning data from Comex, a metals futures exchange....
...Comex then changed its rules in a way designed to prick the bubble. Hunt was bankrupted by the exchange’s ploy....
...The chief executive is not alone in feeling more optimistic about the outlook for metals prices because of shrinking stockpiles at warehouses licensed by the London Metal Exchange, Comex and the Shanghai...
...“A combination of rising open interest on Comex and the gold price going up tells me that new longs are coming into the market,” said John Reade, chief market strategist at the World Gold Council....
...Market Association said its members, which include large bullion banks such as HSBC and JPMorgan, traded 30.2m ounces of gold a day during the week compared to the 34m ounces a day traded on New York’s Comex...
...“It shot up in the past month and that’s telling because Comex tends to be a more of a speculative bourse compared to the London Metal Exchange,” he said....
...“The absolute short is something that beggars belief,” he said, referring to the number of contracts on the Comex gold futures exchange that are betting on a decline in the gold price....
International Edition