By now, we all know that the process of Comex metal delivery is shady and deliberately opaque. What has transpired these past few weeks only strengthens this belief.
I’ve written several times in the past about the perfect and precise additions to, and subtractions from, the JPM eligible gold vault. The most recent post included all of the past links and can be found here: However, that’s not what I’m writing about today. Instead, I want to focus upon the Comex gold vaults and apparent surge/rush for immediately deliverable gold.
Remember how this works…There are six months per year that are considered “delivery” months for Comex gold. Though an entity may stand for delivery of any contract, the vast majority of the deliveries are made in February, April, June, August, October (to a lesser extent) and December (typically the busiest delivery month of the year). You can see this on the chart below:
This post was published at TF Metals Report on November 24, 2014.
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