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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (15424)	8/1/2003 3:59:39 PM
From: Louis V. Lambrecht	Respond to of 39344

CD, Aug contract is on "delivery", not active anymore, just trading either for delivery or closing the positions. Open interest yesterday: 5.8k Front contract is Sep, open interest 10 (ten, not 10k). Lead contract (= highest volume, highes open interest) is the Dec 140k contract. Sep contract is pale, 14k contracts. There are essentially only 2 contracts that matter, June and December on which you can trade 5 years out. The other months are added regularly in order to always have 3 consecutive expiry months, or 3 years out with Feb, Apr, Aug, Oct added. Rem: silver has another series, July and December being those traded 5 years out. Hence, re: gold, the Dec futes price matter, not the "cash" neither other expirations.