Comex Gold delivery intent data just dropped - Feb 11 update 📊
Here‘s who’s moving physical metal for the Feb 12 delivery round:
🥇 House (H) - Making Delivery:
• Wells Fargo: 170 contracts
• BMO Capital: 53
• BNP Paribas: 5
• JP Morgan: 6 (also stopping 28)
🥈 **Customer (C) - Taking Delivery:**
• JP Morgan: 28 contracts
• BNP Paribas: 40
• HSBC: 2
• Marex: 1
• Morgan Stanley: 1
• ADM: 1
**Total issued/stopped: 176 contracts
**Month-to-date: 33,959 contracts
💡 Quick context:
- "Issued" = Long initiating delivery (selling physical)
- "Stopped" = Long accepting delivery (buying physical)
- House = Firm’s own account
- Customer = Client positions
Banks still dominant, but retail/ADM showing up on the stopping side. 33.9k MTD is hefty - physical demand staying bid.
Thoughts on where spot goes from here? 👇
#ComexGold #GoldDelivery $XAU