Posted Jan 21, 2014 by Martin Armstrong
Some people have written saying there is no “July” contract in COMEX. Actually, there is ALWAYS a current month contract for that is the SPOT month. It is just that the futures tend to skip a month for active traders so there was a June and then they jump to August. However, there always has to be a current “deliverable” month for that is how you can sell the commodity for cash.