COMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members Effective Thursday, August 25, 2011

TO: Clearing Member Firms Floor Brokers/Floor Clerks FROM: CME Clearing DATE: August 24, 2011 RE: COMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members Effective Thursday, August 25, 2011 The expiration date for the September 2011 options contract for Copper Option (HX), Gold Option (OG), and Silver Option (SO) is Thursday, August 25, 2011. GENERAL OPERATIONAL...

COMEX Registered Silver Bullion Inventories Fall Sharp 38.5% in Two Weeks – Risk of COMEX Silver Default Remains

Spot gold and silver prices rose slightly again this morning after hitting a one-month high yesterday as equity markets internationally came under selling pressure. The Moody's downgrade of Greece and worryingly poor US economic data again pushed investors to seek the safe haven of bullion. Gold reached new record nominal highs in sterling yesterday (£945.62/oz) as the pound fell on concerns...