COMEX gold and silver markets do not affect gold and silver prices at all!Julian D.W. Phillips
Washington—COMEX gold and silver closed with modest gains Tuesday while platinum and palladium continued to gather steam on trade deal expectations. COMEX gold for February delivery, the active month, closed $3.20/oz higher at $1,468.10/oz after rallying in London trading to the $1,472 level...
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If there are short-run and long-run relationships between gold and silver futures prices, it implied that gold can be used as a predictor to forecast the silver as well. It will provide an opportunity to market participants, investors, hedgers, arbitragers and speculators. The traders can ...
Comex, part of the CME Group, specializes in gold, silver and copper futures contracts and options. Investors do not buy gold immediately through Comex. Instead, they buy and sell financial instruments that depend on the future price of gold. In financial circles, these contracts are called der...
Slowly but surely, physical supplies of gold and silver are being drained from the Comex. This has put pressure on the system. We are now seeing that pressure manifest itself in the data. Gold: Recent Delivery Month November gold is showing strength even if it is still short of the massive...
The United States backed its currency with gold and silver in 1792. This continued until President Richard Nixon ended the gold standard leading to dissolution of the Bretton Woods international payment system. Gold is an inactive substance and is unaffected by air, moisture and most solvents. Gold...
Back in April 2020 during the LBMA-COMEX gold crisis of 2020, when gold prices on COMEX diverged nearly $100 higher than gold prices in London, and the LBMA and CME (COMEX) rushed out multiple combined statements trying to assure the market about “healthy gold stocks in New York an...
And then consider this...If you can control the price of COMEX silver, you can, by extension, also control the share prices of the major gold mining companies, and by further extension, you can control overall investor sentiment for the sector. ...
The exchange operates out of the World Financial Center in New York and is a division of theChicago Mercantile Exchange (CME).56The prices and daily activities of global traders on the exchange impact the precious metals markets around the world.It is the primaryclearinghousefor gold, silver, ...