Registered stock vs. deliveries
Each tank is filled to COMEX registered ounces. The dark band at the bottom is October month-to-date delivered ounces, drawn to the same scale.
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What is force majeure?
Force majeure is a contract clause that lets a party delay or skip its obligations when extraordinary events outside its control happen, such as war, a natural disaster, or a government order. In a COMEX context, it could allow delays to physical delivery during a genuine emergency instead of counting as a breach. This is general information only. It is not a prediction that it will happen, and it is not financial advice.
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How to read this
- Registered: metal warranted for delivery against futures. Eligible: approved metal in COMEX vaults that is not warranted.
- Issued: a short delivered metal. Stopped: a long took it. Silver (SI) = 5,000 oz, Gold (GC) = 100 oz, Micro Gold = 10 oz per contract.
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