Champ2003, here's what Dan Norcini had to say about this:
"I am monitoring the delivery process for the December Comex gold contract. Here is what we have for first notice day:
We had a total of 8,600 issued and stopped – to put it into perspective, the entire month of October was 11,554 deliveries. November, an off month, had 1,288 if my data is correct. What is curious is that Bank of Nova Scotia was the big stopper in the month of November but the first notice day for the December shows them as issuing 2,327 but stopping 3,523. It is hard to figure out what they or their customers are doing there but on balance they are still taking more than they are issuing. They are still the LARGEST STOPPER.
Credit Suisse is the largest issuer.
Have a great weekend!
Trader Dan"
Posted: Nov 29 2008
By: Dan Norcini
Post Edited: November 29, 2008 at 12:59 am
Filed under: Trader Dan Norcini
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