Additionally, today is contract expiration for the Feb15 gold. This means that anyone still holding a Feb15 tomorrow on First Notice Day will have to provide 100% margin in their account in order to show intent and the ability to take delivery. As you know, the delivery process on the Comex is a complete sham and nearly every open contract gets closed out and then rolled into the next front, delivery month…in this case the April15.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.