Why is ZG Dec trading more than ZG Oct?

Discussion in 'Commodity Futures' started by cunparis, Sep 4, 2008.

  1. cunparis

    cunparis

    I'm new to gold futures and I'm puzzled by the fact that few people are trading ZG October. In ES, people usually trade the current contract, why is it different in gold?

    Also, the tick size information on the CME site is vague. Is 1 ZG contract worth 800x10 or 800x100? It's clear that it's 1 pt is $10 but it's not clear if the point is 1 or 0.01.

    Thanks
     
    #1     Sep 4, 2008
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  2. nazzdack

    nazzdack

    1) Traders switch from August to December in gold futures trading. October is bypassed. It's the same thing with September and October grains and October cotton.
    2) I believe the tick size for the 100-ounce gold contract is a dime. That produces a value of $10 per tick.
     
    #2     Sep 4, 2008
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