Severe contango on MGC

May 26th, 2020, 12:52 PM

I don't understand why the Aug Micro Gold Futures contract is ~$20 higher than the June contract. Is it simply a matter or supply / demand? Is it low volume on the Aug contract that gives the appearance of a big delta that's actually not real? I would expect some contango, but this much?

May 27th, 2020, 10:49 AM

Both Jun/Jul and Jul/Aug are worth around $10 so yes Jun/Aug appears to be $20.
No idea why

Severe contango on MGC

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Severe contango on MGC