Posted by curranjohn on 4th of Aug 2023 at 09:49 am
Two people I happen to read seemed confused by the sudden pop in
the gold price chart with the rollover to December contracts. Like
they never saw that before. It surprised me. Anyways.
Now I know. Thanks.
I see MGC Dec trading about 20 dollars higher than October, and
Dec is trading almost 40 over Aug - however one shouldn't be
trading Aug gold futures now, they have or are very soon rolling
over, everyone is trading the October contract so that's really the
current contract, which is only 20 off. Also the Dec trading 20
higher than Oct is normal - generally the futures months trade
higher, or traders are betting that it will be higher. I don't see
anything out of norm here
Thanks. I don't know I
Can someone explain to me the discrepancy between price of ...
Posted by curranjohn on 4th of Aug 2023 at 09:34 am
Thanks. I don't know I never noticed this before. $30 difference.
Don't worry about the distance
Posted by steve on 4th of Aug 2023 at 09:39 am
Don't worry about the distance focus on support and resistance levels of the security/chart you are trading
Two people I happen to
Posted by curranjohn on 4th of Aug 2023 at 09:49 am
Two people I happen to read seemed confused by the sudden pop in the gold price chart with the rollover to December contracts. Like they never saw that before. It surprised me. Anyways. Now I know. Thanks.
I see MGC Dec trading
Posted by matt on 4th of Aug 2023 at 09:56 am
I see MGC Dec trading about 20 dollars higher than October, and Dec is trading almost 40 over Aug - however one shouldn't be trading Aug gold futures now, they have or are very soon rolling over, everyone is trading the October contract so that's really the current contract, which is only 20 off. Also the Dec trading 20 higher than Oct is normal - generally the futures months trade higher, or traders are betting that it will be higher. I don't see anything out of norm here
I'm trading the GC December
Posted by steve on 4th of Aug 2023 at 09:57 am
I'm trading the GC December contract personally - that is the current default contract
yes all you have to
Posted by matt on 4th of Aug 2023 at 10:00 am
yes all you have to do is look at the volume: Dec has traded 33K contracts today vs 3.4K only for Oct