December gold trading ends on NOVEMBER 28
We then shift to FEBRUARY '09 GOLD futures
as the new Front Month for Gold.
After that expires, we move to April '09 gold
as the new Front Month.
How many traders will TAKE DELIVERY in the
December Contract will be very important as that
will cause Comex to have to raise the paper price
of gold closer to the Retail Price of gold to replenish
the gold in their warehouse to avoid defaulting on
delivery of physical gold for the contracts.
The contracts, however, should not default for lack
of gold, but will be settled in dollars at a minimum.
