how can he not have a clue when he certainly (with 3 e-mini gold contracts) has a dog in the hunt.
and how con you comment that he is an idiot - when you aren’t playing in the same ballgame?
maybe you are the one who needs to buy a clue - currently you clue will cost you $28,050 for 1 e-mini.
Let’s see if you can get delivery,heh!
Lurking’
I see that you'll believe anything. I said whoever wrote this tripe doesn't have a clue because he doesn't.
This is yet another of the endless made-up stories that circulate on the internet. The words "but this is not a strong area of specific expertise" is the first clue. He should have said he has zero expertise. The fact that it's a third-hand, "somebody said" story would be the next indicator that it's bogus.
For those of us with some actual knowledge of and experience in these markets, the fact that Comex DOESN'T EVEN TRADE A KILO (33.2 ounces) GOLD CONTRACT is the real knee-slapper.
Comex has a 50 ounce (miNY) contract in addition to their full-size 100 ounce contract.
Further, and funnier yet, is that the Comex miNY contract is CASH settled, there is no such thing as physical delivery. The CBOT trades a kilo contract, but it's also cash settled, with no physical delivery possible. You want delivery, you have to buy a 100 ounce contract. The Comex allows delivery of a 100 ounce bar or 3 kilo bars against their 100 ounce contract, you don't get a choice.
At this point it's clear that you also don't have a clue. But, you do qualify for membership in the club of idiots who hawk ridiculous Comex delivery conspiracy theories.
I've seen about four different versions of this particular bogus story. It's the same sort of junk that was circulating when I was trading metals back in '79 and '80, the only difference is that the conspirazoids didn't have the internet to facilitate the spread of their latest hogwash.