Aha ... thanks. Why does it trade 3 months out when it's a monthly contract? (I trade mostly ES, YM, CL and E6, so that's why I was thrown.) Thanks again.
IMO that now looks set for a pullback. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3029927> Big December volume in DX suggests that something is about to unveil itself. Technically it looks like Gold ought to at least retrace to 50% of current move & DX to rise towards 88ish? If that doesn't happen I sense a volatile move down in DX penetrating 70 zone. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3029920>
I think your general point is being able to get out during a market dive? During such extreme moves, you will find liquidity issues in the paper contracts as well. Regardless, such events affect both physical & paper holders, and the difference is not that significant in view of the greater event. Dealing with physical is longer duration trading than paper contracts, no doubt about it. And only fools would accept regular checks when selling physical. It's either cash, cashier's check, money order or Paypal (and the like). It's a cash business.
December contract is in delivery period. If you want to deliver or get delivery, it's the contract you want to initiate and wait to get assigned. March is the current trading month for silver and February for Gold.
The pattern of higher lows will have to be broken in my book for confirmation. The next few days should give an answer.