Futures codes on the Moscow Exchange derivatives market

Field M (execution month) of the futures code

So, field M - month of futures execution, is encoded with the following symbols:

Month | Futures code

January - F
February - G
March - H
April - J
May - K
June - M
July - N
August - Q
September - U
October - V
November - X
December - Z

ForTrader.org magazine reminds you that each futures contract has its own expiration date. About the month when its operation ends, i.e. expiration occurs, as we said above.

Another collapse in gold prices on the COMEX

So, sell gold and buy stocks and bitcoins. At least that's what the Banks expect from you.

How truly unbearable the last few weeks have been. Of course, I know the price of gold peaked at $2,080 over 100 days ago, but the last 16 days have been the most painful. And now this week we are being hammered with no news despite the expiration of the option. All we have now is a complete liquidation of December positions - sometimes as much as $5 in deportation versus the spot price - due to the COVID vaccine and supposedly easing concerns about a disputed election. It's ridiculous, but none of these reasons can keep the price above the 200-day moving average.

And why is this race to eliminate necessary? Then again, who needs gold futures now? COVID has been cured, people are back to work, the economy is booming, the Fed is going to raise rates, and all the debt/deficit problems are solved. Haven't you heard the news? No? Did you miss these headlines? Curious, me too. Maybe this is just obvious price manipulation, since the Banks were actively “dissuading” everyone from any considerations regarding deliveries in December?

You may think that I am a crazy conspiracy theorist who writes off any price reduction as “manipulation.” But do you have a better explanation for why other assets are rising in a low dollar environment while gold and silver are not?

Anyway, where is this sudden urge to crash the price and force a liquidation that forces as many parties as possible NOT to hold COMEX delivery next month? And just recently we discussed the upcoming December deliveries.

For greater clarity, I ask you to understand the following:

While COMEX options expirations always have some impact, the current sell-off has left almost as many puts in the money as calls out of the money. So this is not a reason to fall.
There is no new liquidity crisis. The DJIA hit 30,000 today and as noted above, almost everything is up except for gold and silver on the COMEX
. The Dow topped 30,000 (after injecting $14 trillion into global liquidity).
While the recent $920,000,000 fine against JPMorgan for manipulating the gold and other precious metals market is encouraging, it has not put JPM out of business. In fact, the fine was less than the amount the bank received for trading and “servicing” precious metals over the past twelve months.

So what's really going on this week and why are COMEX digital metals prices falling sharply?

Let’s say that on Friday a Barclays “client” jumped in line and paid $350,000,000 for immediate delivery of 1,889 contracts on November 20th. Guess what? It is likely that the same “client” showed up on Monday and paid $150,000,000 for 767 contracts on top.

All open positions and immediate delivery indicate a buy because only one bank has taken delivery, the others will deliver. If these were sales of 2656 contracts, everything would be the other way around.

So why is anyone suddenly rushing to pay $500,000,000 dollars to take delivery of 8.26 metric tons of gold from the COMEX? Why not wait until December? Why not buy it in London?
And at the same time, the price falls for no particular reason, while the dollar, ETF TIP and the bond market hardly change. Now compare all the data.

So, market participants unexpectedly brought the price down on the back of PMI data, after which they maintained a slowdown in momentum throughout the day. The Asian session opens with a gap down. At the same time, traders add fuel to the fire in London, and suddenly the price is below the 200-day moving average. The sycophantic media are claiming that gold is now at lows since July, and now everyone is running to sell the precious metal, completely forgetting why they bought digital gold in the first place.

But I'm sure you haven't forgotten why you need gold and silver

. And after all—before coronavirus, endless quantitative easing, and election madness—our 2021 gold target was $1,800. And although we have already met and even exceeded our target expectations for this year, the overall situation for Banks has certainly deteriorated, hence the need for this large-scale liquidation shortly before the start of deliveries in December.

I will stick to my opinion. I know why I own physical gold and other precious metals and a few select mining stocks. Nothing that has happened since yesterday, or August 6, or January 1 has changed my decision.

Posted by Craig Hamke November 24, 2021 |Translation: Gold Reserve

Field C (underlying asset) of the futures code

The most difficult field to remember in a futures code is the asset code itself. We specifically offer you a breakdown by asset type to make it easier for you to find what you need.