COMEX TRADING FLOOR

October 6, 1981: An old documentary about the Gold Pit on the COMEX Trading Floor in the World Trade Center. My father, Harry Lamborn, is wearing badge "AHL - 326" **Fast forward through the commercials in the beginning.**

[@proof7]

I used to run around that floor when I was a little kid, my dad's badge was CHAN (Henry Chandler), I took his badge over when he passed, clerked there and got my badge and now trade electronically. This video literally gave me chills, thanks for posting.

[@KingOfNewYorkHacks]

Laurence Chandler I remember writing down CHAN in trades that were executed on the 7th floor.

[@MutianiShawolMVP]

@@KingOfNewYorkHacks wow

[@Essays4College]

Chandler do you believe there was more of an edge trading on the floor or do you think you have an edge now trading on the computer?

[@drdenyse]

Charlie Federbush....thats my dad....i couldnt believe it......he looks so young...and in the end he did get what he wanted...he loves going to the bookstore XD

[@chiino_4683]

omgg

[@Essays4College]

Do you trade now also?

[@pfsalinger7195]

Wasn't he convicted of spoofing the gold and silver market

[@cccp3170]

where is your father now? i hope alive and well. i tried reaching out to him on twitter. would love to pick his brain about a project i am working on

[@sbtopjosh4098]

Wow...Happy for him

[@ectoglow]

Wow, Thats my dad at 6:11 with the 540 TOBY bage. A month before I was born. HA!

[@vitolepore6576]

Crispin Tobey how’s your dad I worked as a ring clerk for Drexel I worked next to your dad for a few years he used to stand next to freeburg Michael 1987 stock market crash was a crazy historical day in the gold pit your dad was good to me

[@MrSupernova111]

@@vitolepore6576 , the fucker didn't reply back. I wanted to see how this turned out.

[@whurdoondees]

@@MrSupernova111 I'm also excited to see how this ends. 9 years is quite a while though

[@henz0014]

ectoglow, thats awesome. I'm glad this video I posted touched people. My dad is in it as well AHL 326, (white shirt, red tie). I'm sure our father's know each other well. This was about 2 yrs before I was born, now I'm a COMEX gold trader too!

[@Essays4College]

how do you like it?

[@robmetrey1742]

WOW! I worked for Charlie back in late 70's early 80's seems like yesterday. Hell! I miss the Market Bar too

[@douglasbartlett1632]

They apparently used the comex trading floor in the Trading places movie and i have always wondered what the little dark red, Yellow, and white cards are ?.

[@rhodium69]

Wow this is a wonderful video, I remember Charlie Federbush my friend worked for him on a arb phone and I seen many familiar faces. But one that jumped out at me was a true gentlemen is a legion Tobey a dear friend . Thanks for posting this video, it brings back good memories.

[@artammer]

I was there a few year later...brings back a lot of memories..

[@steveng2028]

I fkn miss this so much

[@inlejohn]

We were part of an era gone by. It was spectacular. Thanks for posting a wonderful memory.

[@henz0014]

@knokcs yeah my dad did very well on the COMEX. He is still a member, and trades precious metals from home on the computer, as do I. The trading floor is history.

[@KingOfNewYorkHacks]

Henry Lamborn I was there a few years later but see all the guys I worked with and remember the badge AHL ( Is he in the vid ?) , My first day I cursed out SEML and almost lost my job lol, Richie took care of it.. I see Preston in the vid too..I worked for 13 locals with polish curly blonde hair Richie on the 7th floor at the Silgo desk with Johnnny MorACE qas based right at the staircase upstairs. I clerked for POLO Frank Siciliano (He's in the vid), LRS Lee Spiegel, TCM Tommy Mahl, PM Peter Morando PS Paul Sarpi, TPF Tommy Fletcher, FS F Scumaci, WALT Walter Griffin & a bunch of others on and off...Loved it. Thanks for uploading this, so many ask me what it was like & now I can show them. Cheers.

[@gag7236]

I started in 1978 on the floor as a runner for Shearson. By 1987 I was trading silver. Alot of good memories, a few bad ones, I wouldnt trade the exprience for anything.

[@Lexihc]

Wow! That was incredible. Seeing Harry at that age in such a crazy environment; and so bizarre that as I watched this I think about what is going on in Egypt right now. Loved the traders and clerks at the end of the day sitting or lying anywhere reviewing what had happened among a bunch of tickets and paper. It isn't just anyone that can work under those conditions and such pressure. This was a great look at the job; how wonderful to have seen Harry in it!

[@1rrroby]

TOBY was a really good guy..Honest and a very good trader. I came back to the floor in 2002 but did not see him. Did he retire in the 90s? I knew AHL as did my Dad, Dick Leeds(LEE)..Great video. I remember it when it aired.

[@KingOfNewYorkHacks]

1rrroby TOBY waa def a really nice guy, looked out for a lot of people.

[@ectoglow]

@ectoglow I used to run Around those pits after hours when I was little. I broke my Friend Jasper's Tooth there!

[@Shockzone1495]

this trading room was located in 4 world trade center for right behind the south tower.

[@joedanna6901]

I remember it well dna/204

[@drdenyse]

@drdenyse Just wanted to say Thanks for Posting this Memorable Video of All the Wonderful Faces , One of which I Still Happily wake up to ^^ D.F.

[@ultraslo]

@drdenyse Wow I worked for Federbush, Semel and Cardello several years after this. I have often wondered what happened to your old man.

[@MrSupernova111]

This was pretty cool.

[@MrPKenneally]

2:55, wipes the coke from his nose

[@henz0014]

@drdenyse Hi Federbushes, sorry I didn't respond sooner. Just saw your posts! Charlie and my father Harry Lamborn knew each other very well. I'm glad you were able to see your husband/father in this video I posted!

[@johnpayne4934]

RIP headphones users @ 0:01

[@jeffgreen3376]

So, what ever happened to the Comex? Is there still a trading pit with open outcry or is it all computerized now? Is it still located in New York City?

[@henz0014]

Jeff Green the COMEX trading floor is gone. Precious Metals are all traded online through the Chicago Mercantile Exchanges GLOBEX

[@jeffgreen3376]

Thanks, Henry.

[@cccp3170]

@@henz0014 Any word on CEF is he still around?

[@scottab140]

Did the thought ever occur to you that if Goldman was helping driving up the price, as there are numerous institutions that participate in that market that also influnce market direction, why not also BUY Crude oil (CL) or buy an oil stock such as XOM, COP, CVX and make easy money??? I also missed the same mistake as I knew China and other Hedge Funds were buying Gold in 2008 but the thought didn't occur to me at the time. I won't make the mistake twice though.

[@sSiritadaPromthananon]

2:02 Opening Call

[@Galidorquest]

Predictive programming @ 1:28 -- The hands are on 9 & 11.

[@gvi341984]

I wonder if he did the book thing

[@topdog1400]

So what happened to mr. Chest Hair ?

[@thazinmyintmo3390]

please , can you tell me the opening and closing time of COMEX and their group

[@The2005rwb]

3:45 I never knew Hillary Clinton was a gold trader!

[@drdenyse]

@drdenyse ps this is my mom's account im posting it on...im their son

[@y2knoproblem]

As the guy said "its gambling." Today Goldman Sachs is gambling oil futures driving the price up and causing US to pay more at the pump. The CFTC needs to do its job and get the speculators out!

[@nicholasc1768]

well it looks like you got your wish. Now there's no more volatility in the oil market so f u too

[@MrSupernova111]

@@nicholasc1768 Hahaha

[@ronenfe]

can someone explain to me why not simply sit in chairs and trade like in an auction. with no people crowded and yelling?

[@Indrius]

Because it's a double auction that can go both ways and with many participants. What you're thinking about is a basic auction where one seller is matched to one buyer and the price can only go in one direction. Anyway, open outcry is a thing of the past. It's all electronic, 24/5 and globalized nowadays.

[@Galidorquest]

3:33 "Turmoil in the Middle East"

[@knokcs]

at the end, your father has become rich or not?

[@ShabandiMN]

faizul hamdan ni ha

[@videosuperhighway7655]

Wow computerized watches.

[@hammertlme]

all of this should be completely automated, this is cavemanish

[@teezdemaria]

U dumb ass the floor is now closed thousands of people lost there jobs because of fucking computers

[@MrSupernova111]

@@teezdemaria , I know. What a stupid fuck.

[@oringent]

Thank god, these overconfident, screaming, wannabes are a thing of the past!

[@MrSupernova111]

Now they hide behind their computer desks. Still a bunch of pricks with different job titles.

[@gag7236]

Your comment goes beyond irrelevant. Take it from someone who was there for many years.

[@monkarokloat6640]

Hyperinflation can make it go up forever

[@Peter_T123]

Are they yelling at other guys in the pit?