Key Comex Dates For Gold In the Next Two WeeksHere are some key dates on the Comex for the Gold Futures and Options.
Tomorrow is the June Gold Options Last Trade and Settlement Date
Next week is the Last Trade and Settlement for the Gold futures contract.
This is historically a heavy physical delivery period for gold and silver.
I suspect that this latest price action is less about Europe and Greece, and more about Chicago and New York.
OG - June 2012 Gold American Options - Last Trade Date
OG - June 2012 Gold American Options - Settlement Date
QO - June 2012 COMEX miNY Gold - Last Trade Date
QO - June 2012 COMEX miNY Gold - Settlement Date
GC - May 2012 Gold - Last Trade Date
GC - May 2012 Gold - Settlement Date
GC - May 2012 Gold - Last Delivery Date
GC - June 2012 Gold - First Notice Date
GC - June 2012 Gold - First Delivery Date
And finally this commentary from John Embry with KingWorld News.
We have had many comments from our readers as to whether this was allocated or non allocated gold.
What we have learned is that the Swiss bank in question was charging the gentleman sums of money for storage and insurance and had listed the bar numbers with weights in its bill to the client. I can assure you that Von Greyerz knows the difference between allocated and non allocated as he has written many papers on this.It may have been a bank error in moving the gentleman;s allocated gold thinking it was unallocated.
However, I feel that I must bring this to your attention and let you decide for yourself:
Also pay attention to what John Embry states at the end of the interview:
(courtesy KingWorld News/John Embry/GATA)
Banks are lending even 'allocated' gold, Embry tells King World News
Submitted by cpowell on 05:47AM ET Wednesday, May 23, 2012. Section: Daily Dispatches
8:45a ET Wednesday, May 23, 2012
Dear Friend of GATA and Gold:
Interviewed by King World News, Sprott Asset Management's John Embry adds a telling detail to the story conveyed to KWN by gold fund manager Egon von Greyerz about a gold investor who discovered that his bank did not have his supposedly "allocated" gold. When the gold was delivered to the investor at last, Embry says, the bars were hallmarked from 2011 even though the investor had owned the "allocated" gold for many years. An excerpt from Embry's interview is posted at the King World News blog here:http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/23_Jo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.