Gold specs

Quote from TheMagican:

Could anyone please clarify this,in plain English:

''Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 60-month period beginning with the current month.''

Link:

http://www.opf.com.my/futures-produ.../contract-specifications-for-gold-futures-gc/

Thanks in advance
More...

Assume we are in Feb...

Trading is conducted for delivery during the current calendar month and the next 2 calendar months - This means there will be February, March and April 2013 futures contracts

Any February April, August and October falling within a 23 month period - This means contracts for Feb, April, Aug and Oct 2013 and 2014 (The next contract, Feb 2015 would fall outside the 23 month period)

Any June and December within a 60 month period - This means there are contracts for June and Dec 2013, 2014, 2015, 2016 and 2017

All the contracts mentioned above combined make up the futures curve of the contract.
 
Quote from SmartAlpha:

Assume we are in Feb...

Trading is conducted for delivery during the current calendar month and the next 2 calendar months - This means there will be February, March and April 2013 futures contracts

Any February April, August and October falling within a 23 month period - This means contracts for Feb, April, Aug and Oct 2013 and 2014 (The next contract, Feb 2015 would fall outside the 23 month period)

Any June and December within a 60 month period - This means there are contracts for June and Dec 2013, 2014, 2015, 2016 and 2017

All the contracts mentioned above combined make up the futures curve of the contract.
More...

So basicaly it is for those with the long term perspective?
 
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