For Best forex comex trading signals & looking to take actual delivery on a futures contract, deliveries are available beginning on the first notice day and extend to the final day of the contract period. To take delivery, the futures contract holder must first alert the clearinghouse of his intentions and must inform the COMEX that he intends to take possession of the physical commodity in the trading account. Someone who wants to take delivery on gold, for example, will establish a long (buy) futures position and wait until a short (seller) tenders a notice delivery,
The Commodity Exchange, better known as COMEX, is a division of the New York Mercantile Exchange that trades futures in metals such as gold, silver, copper, and aluminum. It was formed in 1933 to bring together a collection of existing silk, rubber and metal exchanges. It’s perhaps not that well-known in the UK, but in the US the COMEX is one of the most recognized exchanges for metal trading. It has a long history of pit trading where swarms of traders shout out and make hand signals to communicate with each other.