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Im looking at GC02-17 on NT and there is nothing in terms of volume. I would have imagined that gold futures would look fatter than this..am I looking at the right contract?
I feel like Im the only one on the playground and all the other kids are having fun somewhere else without me.
If I am looking at the wrong contract then how do I get onto the right one?
Thanks.
Can you help answer these questions from other members on NexusFi?
Current contract is April, so that is where you want to be. But Gold is a weird market. I notice a TON of slippage sometimes - up to $200 (2 points) per contract. You'll see orders up, and then poof they are all gone. I do not see this in other markets.
Happened this morning. I briefly looked at DOM then back at the chart and price had instantly decided to be somewhere else with the ferocity of 1000 suns. Dont think Ill be playing on gold market.
In terms of volume and open interest, gold is one of the most actively traded non-financials futures markets out there. Not as active as crude, but still bigger than most.
It is, however, thin enough that it can get pushed around by some of the bigger players. And since it *can* get pushed around, it *does* get pushed around. That said, it moves, and for a retail trader, it can present some nice opportunities from time to time, especially when one of those big boys gets in over his head.
