5 gold futures contracts??

Discussion in 'Metal Futures' started by boze_man, Dec 21, 2010.

  1. looking on IB I found 5 gold futures contracts (us-based) not sure if there are more?

    ZG nyseliffe full size
    8Q nymex emini 1/3
    MGC nymex emicro 1/10
    QO nymex miny 1/2
    GC nymex full size

    so the full sized GC is obvious but what bout the others? why does nymex have so many? which is the preferred mini to trade? I typically trade CL and QM (mini CL) and was looking for the same in gold.

    Thanks
    B
     
  2. GC is it. For all the others volume is low and consequently the spread is painfully wide, like an overzealous gynecologist cranking a speculum wide. If your horizon is wider than a contract's duration, you might look at the ETF GLD. Spread is usually a penny.
     
  3. thanks for the reply
     
  4. Samsara

    Samsara

    Hahaha

    Made my day:D