Monthly Metals Review

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1 METALS August 213 Monthly Metals Review A Global Trading Summary of Metals Markets» Highlights» Futures» Options How the world advances

2 Monthly Metals Review METALS TRADING HIGHLIGHTS August 213 Records: Palladium futures open interest: 4,31 8/16/213 Highlights: Average daily volume for August 213 COMEX metal (Gold, Silver and Copper) futures was 39,89 contracts, compared with 239,279 contracts during August 212, an increase of percent. Average daily volume for August 213 COMEX metal (Gold, Silver and Copper) options was 43,525 contracts, compared with 34,88 contracts during August 212, an increase of percent. Average daily volume for August 213 Gold futures was 157,576 contracts, compared with 121,458 contracts during August 212, an increase of percent. Average daily volume for August 213 Gold options was 32,556 contracts, compared with 28,48 contracts during August 212, an increase of 16.7 percent. Average daily volume for August 213 Silver futures was 75,113 contracts, compared with 53,561 contracts during August 212, an increase of 4.24 percent. Average daily volume for August 213 Silver options was 1,831 contracts, compared with 6,18 contracts during August 212, an increase of percent. Average daily volume for August 213 Copper futures was 77,121 contracts, compared with 64,26 contracts during August 212, an increase of 2.1 percent. Average daily volume for August 213 Platinum futures was 9,827 contracts, compared with 9,468 contracts during August 212, an increase of 3.79 percent. Average daily volume for August 213 Palladium futures was 7,45 contracts, compared with 5,38 contracts during August 212, an increase of percent. 1

3 Scorecard - Average Daily Volume and Open Interest Statistics August 213 Average Daily Volume Open Interest U.S. and Metric Spot Price & Conversion Electronic /Pit Ticker Symbols $ Notional ($ Millions) $ Notional ($ Millions) US$ Spot Month Close Except Copper=Ave Month Close 3-Augl-'13 US$/Gram Except Copper=US$/MT Steel=US$/MT 3-Aug-'13 2-Day Historical Volatility Gold Futures GC 157,576 $21, ,441 $53,381 1,395.8 $ % CME ClearPort 3,134 Options OG 32,556 1,59,546 CME ClearPort 8,188 E-micro Gold Futures MGC 1,111 $16 1,68 $22 1,395.8 $ % Silver Futures SI 75,113 $8, ,22 $13, $ % CME ClearPort 732 Options SO 1, ,173 CME ClearPort 1,276 Copper Futures HG 77,121 $6, ,356 $12, $7, % CME ClearPort 193 Options HX 138 2,39 Platinum Futures PL 9,827 $75 66,66 $5,86 1,527.1 $ % CME ClearPort 377 Options PO ,32 Palladium Futures PA 7,45 $538 35,886 $2, $ % CME ClearPort 341 Options PAO 35 14,39 HRC Steel Futures HR 117 $ ,232 $ $ % CME ClearPort Note: CME ClearPort volumes are already included in futures or options volumes. 2

4 ADV - YTD ADV - Monthly Metals Review Futures - Average Daily Volume Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 5, 4 4, 3 3, 2 2, 1 1, COMEX Metal Futures - Average Daily Volume and Year-To-Date Average Daily Volume Copper Futures Silver Futures Gold Futures Gold Futures YTD ADV Silver Futures YTD ADV Copper Futures YTD ADV 5, 2 4 4, 2, 3 3, 1 2 2, 1, 1 1, 3

5 ADV - YTD ADV - NYMEX Metal Futures - Average Daily Volume and Year-To-Date Average Daily Volume Palladium Futures Platinum Futures YTD ADV Platinum Futures Palladium Futures YTD ADV 3, 14, 25, 12, 2, 15, 1, 1, 8, 6, 4, 5, 2, Options - Average Daily Volume Platinum Options Palladium Options Copper Options Silver Options Gold Options 9, 8, 7, 6, 4, 3, 2, 1, 4

6 ADV - YTD ADV - Monthly Metals Review Gold Silver Options - Average Daily Volume and Year-To-Date Average Daily Volume 9, Silver Options Gold Options YTD ADV Gold Options Silver Options YTD ADV 8, 45, 7, 4, 6, 35, 4, 3, 25, 2, 3, 15, 2, 1, 1, 5, Futures Open Interest - Month-End Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 1,2, 1,, 8, 6, 4, 2, 5

7 Options Open Interest - Month-End Platinum Options Palladium Options Copper Options Silver Options Gold Options 2,, 1,8, 1,6, 1,4, 1,2, 1,, 8, 6, 4, 2, Gold Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 3, 1% 2 9% 8% 2, 1 7% 6% 5% 1, 4% 3% 2% 1% % 6

8 Monthly Metals Review Silver Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 16, 14, 12, 1, 8, 6, 4, 2, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Copper Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 12, 1% 1, 9% 8% 8, 6, 7% 6% 5% 4, 4% 3% 2, 2% 1% % 7

9 Platinum Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 25, 1% 9% 2, 8% 7% 15, 6% 5% 1, 4% 3% 5, 2% 1% % Palladium Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 12, 1% 1, 9% 8% 8, 6, 7% 6% 5% 4, 4% 3% 2, 2% 1% % 8

10 Monthly Metals Review Gold Options - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 8, 6% 7, 5% 6, 4% 4, 3% 3, 2, 1, 2% 1% % Silver Options - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 16, 14, 12, 1, 8, 6, 4, 2, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % 9

11 Gold Futures - Spot Month - 2-Day Historical Volatility 6% Gold Futures 5% 4% 3% 2% 1% % Silver Futures - Spot Month - 2-Day Historical Volatility 1% Silver Futures 9% 8% 7% 6% 5% 4% 3% 2% 1% % 1

12 Monthly Metals Review Copper Futures - Spot Month - 2-Day Historical Volatility 12% Copper Futures 1% 8% 6% 4% 2% % Platinum Futures - Spot Month - 2-Day Historical Volatility Platinum Futures 14% 12% 1% 8% 6% 4% 2% % 11

13 Palladium Futures - Spot Month - 2-Day Historical Volatility Palladium Futures 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Average Hourly Total Volume - All Hours - August , 4, 35, 3, 25, Copper Futures Silver Options Silver Futures Gold Options Gold Futures 2, 15, 1, 5, New York Time 12

14 Monthly Metals Review Average Hourly Total Volume - Extended Trading Hours - August , Copper Futures Silver Options Silver Futures Gold Options Gold Futures 12, 1, 8, 6, 4, 2, New York Time Average Hourly Total Volume - All Hours - August 213 3, 2,5 Palladium Futures Platinum Futures 2, 1,5 1, 5 New York Time 13

15 Open Interest - Average Hourly Total Volume - Extended Trading Hours - Augusst Palladium Futures Platinum Futures New York Time 3 CFTC COT Report - Gold Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 5% 3, 2 2, 1 1, 45% 4% 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 14

16 Open Interest - Open Interest - Monthly Metals Review 8, CFTC COT Report - Silver Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 7, 35% 6, 3% 25% 4, 2% 3, 15% 2, 1% 1, 5% % Source: CFTC 12, CFTC COT Report - Copper Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% 1, 5% 8, 4% 6, 3% 4, 2% 2, 1% % Source: CFTC 15

17 CME GROUP HEADQUARTERS CME GROUP REGIONAL OFFICES 2 South Wacker Drive Chicago, Illinois 666 cmegroup.com New York Calgary London Hong Kong Singapore Houston São Paulo Seoul Tokyo Washington D.C Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. All references to options refer to options on futures. CME Group is a trademark of CME Group, Inc. The Globe Logo, CME, Chicago Mercantile Exchange, and Globex are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. New York Mercantile Exchange and NYMEX are registered trademarks of the New York Mercantile Exchange, Inc. All other trademarks are the properties of their respective owners. The information within this brochure has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications. Copyright 213 CME Group. All rights reserved. PM712//813