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https://www.marketwatch.com/story/gold-faces-unique-pricing-supply-and-delivery-challenges-amid-covid-19-shutdowns-2020-03-25
Mar 26, 2020 · An unusually wide spread between gold prices for Comex futures and the London bullion market this week highlighted both pricing and delivery issues tied to the shutdowns of gold operations aimed ...
https://www.economicsjunkie.com/gold-delivery-problems-at-comex/
Apr 16, 2009 · Gold Delivery Problems at COMEX? In spite of some false suspicions and statements, a good case for holding physical gold by SeekingAlpha.com’s Avery Goodman : On Tuesday morning, gold derivatives dealers, who had sold short in the face of a fast rising gold price…
https://www.silverdoctors.com/gold/gold-news/gold-market-is-blowing-up-huge-problems-at-comex-lbma-new-york-canada-south-africa-london-and-switzerland-oh-my/
Mar 24, 2020 · “LBMA has offered its support to CME Group to facilitate physical delivery in New York and is working closely with Comex and other key stakeholders to ensure the efficient running of the global gold market,” it said.
http://www.thedailyeconomist.com/2017/11/failure-to-deliver-gold-from-comex/
9:26 AM comex, failure to deliver, fed, futures contract, gold, gold price, manipulation No Comments Two interesting articles out on Nov. 29 point towards the U.S. Commodities Exchange (Comex) soon running into a potential default on delivering physical gold in their futures contracts.
https://maalamalama.com/wordpress/comex-physical-gold-supply-problems-/28/03/skwealthacademy
A discussion of how the COMEX issues and stops report may explain the physical gold supply problems arising in the futures markets today. A discussion of how the COMEX issues and stops report may explain the physical gold supply problems arising in the futures markets today.
https://www.silverdoctors.com/gold/gold-news/fund-manager-the-comex-has-defaulted-on-gold/
11 days ago · “Once issued, ACEs can be held as long as necessary. A client can use ACEs to comply with short delivery requirements (1 ACEs reflecting one futures contract of 100 oz) or it can be swapped back against a 400 oz bar by exchanging 4 ACEs. A customer can comply with delivery requirements with ACEs or regular bars, or a combination of both.” Here’s his entire article: Comex delivery …
https://www.kitco.com/news/2020-03-24/CME-resolving-physical-gold-squeeze-with-delivery-of-100-ounce-400-ounce-and-1kg-bars.html
The problem, according to many banks, was the Exchange For Physical (EFP) market, which allows traders to switch gold futures positions to and from physical. Spreads in EFP are typically around $2, but on Tuesday, because of a lack of supply, the spread increased as high as $40. Part of the issue is the lack of specific gold bars.
https://www.bullionstar.com/blogs/ronan-manly/lbma-colludes-with-the-comex-to-lockdown-the-global-gold-market/
In terms of COMEX gold futures trading, practically no contracts ever reach delivery. Just a few basis points of a percent. And delivery on the COMEX just means a warrant (receipt) from one of the approved COMEX warehouses changes hands. Getting any gold bar out of the COMEX vaults once you have a warrant is a totally different ballgame.
https://finance.zacks.com/can-comex-default-delivery-11599.html
The Commodity Exchange, or COMEX, acts as the primary exchange for the trading of precious metals futures contracts. The exchange guarantees that if a futures buyer wants to take delivery, the amount of gold or silver indicated on the contract will be delivered.
https://www.cmegroup.com/clearing/operations-and-deliveries/nymex-delivery-notices.html
View COMEX & NYMEX Delivery Notices (daily, monthly, year-to-date). Warehouse & Depository Stocks on gold, silver, copper, platinum and palladium. Markets Home Active trader. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio.
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