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Is it normal for AUX contracts to have more volumes two months out?


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  #1 (permalink)
 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022

I'm noticing the August micro in AUX has more considerably more volume and chart structure as opposed to the June's. Seems like the June's just dropped off a cliff in the past two days. Is this normal characterisitc towards the end of the month and beginning of next in all gold contracts?

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  #2 (permalink)
 tr8er 
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Spottrader View Post
I'm noticing the August micro in AUX has more considerably more volume and chart structure as opposed to the June's. Seems like the June's just dropped off a cliff in the past two days. Is this normal characterisitc towards the end of the month and beginning of next in all gold contracts?

Yes Gold-futures roll-over is each 2 month (there are some contracts between, but they are not for retail-traders) also nobody trades the Oct contract, so it will roll from Aug to Dec (don't ask me why, but this is a fact)

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 SMCJB 
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Silver & Copper have similar but different active contracts as well. With them its Jan-Mar-May-Jul-Sep-Dec although many jump straight from Dec to Mar and skip Jan.

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 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022


tr8er View Post
Yes Gold-futures roll-over is each 2 month (there are some contracts between, but they are not for retail-traders) also nobody trades the Oct contract, so it will roll from Aug to Dec (don't ask me why, but this is a fact)

Yeah, that is kinda weird. I don't even have the Dec contract in my platform yet...

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 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022


SMCJB View Post
Silver & Copper have similar but different active contracts as well. With them its Jan-Mar-May-Jul-Sep-Dec although many jump straight from Dec to Mar and skip Jan.

Thanks for the heads up. cheers

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 tr8er 
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Yeah, that is kinda weird. I don't even have the Dec contract in my platform yet...

there is no need, we (the retail traders) trade the front month, the Dec contract will be available in around 2 month

bookmark this page and go with the volume, here you can find a lot of information about all the different contracts https://www.cmegroup.com/markets/metals/precious/gold.quotes.html

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 SMCJB 
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Comex actually lists Gold Futures starting with Jun-2024 all the way out to Dec-2029 but very little has traded past Dec-2025. The Micro's are listed from Jun-2024 out through Jun-2026 but very little has traded past Dec-2024.

The actual contract listing schedule is
  • Prompt 3 contracts (so currently Jun, Jul & Aug)
  • Feb, Apr, Jun, Aug. Oct & Dec out 2 years
  • Jun & Dec out 5 years

Since we are past first notice day, the only people trading Jun-2024 are people with the physical, as you could trade today, get notified tomorrow that you are going to delivery and actually have to deliver the physical the day after that.

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 josh 
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Spottrader View Post
I'm noticing the August micro in AUX has more considerably more volume and chart structure as opposed to the June's. Seems like the June's just dropped off a cliff in the past two days. Is this normal characterisitc towards the end of the month and beginning of next in all gold contracts?

Would suggest you always know the contract schedule for whatever product you're trading. It can be found here:

https://www.cmegroup.com/markets/metals/precious/gold.contractSpecs.html

When in doubt, go to the "Quotes" page above and see where the volume is trading. (Edit: just saw someone above posted something similar, just repeating)


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Last Updated on June 3, 2024


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