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UGL - Is The COMEX Fudging Physical Delivery Data?
ProShares Ultra Gold
Recently, several gold commentators have stated that there is an anomaly in physical delivery numbers of the COMEX futures exchange in New York. After reviewing the numbers, I see no fraud in the data.
When it comes to the price of gold, there is always much discussion in the gold space regarding the COMEX futures exchange. Because futures are traded with leverage, they have a significant impact on the gold price. Therefore, it's always worth scrutinizing COMEX trading to be sure the gold price is a fair representation of supply and demand.