November 1, 2010

Webinar Tomorrow: Where Are Gold Prices Going?

Date: Tuesday, November 2, 2010
Time: 2:00 p.m. CT
Location: Online Only
Speaker: David Hightower, President Hightower Report

In the past, the gold market was a repository for risk. However, in the current environment, risk appears to emanate from an ever-widening circle of political, economic, and monetary sources. Small wonder, then, that gold remains in vogue and is heavily featured in the headlines.

In Tuesday’s webinar, Mr. Hightower will put today's historic gold prices in a context stretching across many market sectors, highlighting gold's transition back from a sleepy physical commodity into one of the world's most important financial vehicles.

Precious and Base Metals Set Open Interest Records

Gold futures reached an open interest record of 638,372 contracts as of October 18, 2010. This record tops the previous record of 638,283 contracts set on October 14. Palladium futures attained an open interest record of 25,747 contracts as of October 27, 2010, surpassing the May 12 record of 25,309.

In base metals, Copper futures set an open interest record of 165,100 contracts on October 20, 2010, exceeding the October 18 milestone of 164,917.

Revision of Fees for Gold Volatility Index (VIX) Futures (GVF)

Effective immediately, COMEX is implementing revised transaction fees for the Gold Volatility Index (VIX) futures (GVF) contract. The revised fees are associated with trading on CME Globex and clearing through CME ClearPort, and will be retroactive from the listing date of October 18, 2010. Adjustments include cross-division CME Globex exchange fees, now $1.13 (previously $1.25), and member cash settlement fees, now $0.57 (previously $0.75).

For more information, please contact Bob Biolsi at (212) 299-2610 or Joann Arena at (212) 299-2356.

Addition of Licensed Weighmaster for Silver Futures

Effective Tuesday, November 2, 2010, the Brink’s, Inc. vault facility at 580 Fifth Avenue, New York, NY will become available as a Licensed Weighmaster for silver for the COMEX Silver futures contract.

For more information, please contact one of the following Exchange representatives.

Market Regulation: Melissa Hubley, melissa.hubley@cmegroup.com (312) 435-3595.

Energy & Metals Research: Joann Arena, joann.arena@cmegroup.com or (212) 299-2356.

New Storage Rates for Copper

Effective February 1, 2011, Utah Commodity Storage, Inc., an Exchange Licensed Warehouse for the storage of copper deliverable against the Exchange’s Copper Futures contract, will implement new rates for Copper handling and storage at its Tooele, Utah facilities. The new rates reflect the maximum chargeable fee amounts. In accordance with Exchange rules, the new rate schedule will become effective on February 1, 2011.

 Read Special Executive Report 5453

For more information, please contact one of the following Exchange representatives.

Market Regulation: Melissa Hubley, melissa.hubley@cmegroup.com (312) 435-3595.

Energy & Metals Research: Joann Arena, joann.arena@cmegroup.com or (212) 299-2356.

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