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Severe contango on MGC


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Severe contango on MGC

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Davigan
Portland
 
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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?

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

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Last Updated on May 27, 2020


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