The Future of Futures
Our financial system is currently built on paper rather than on something of substance, as it used to be over a hundred years ago.
Because there is no limit to how many imaginary numbers you can create, the current paper system has grown so huge it is hard to define. For example, just for derivatives alone, there exists a total value of USD$ 1.4 Quadrillion! And it was just all invented out of thin air.
Futures are of a similar vein. They are paper contracts to supply something, that you don't currently have, at a specific date in the future (you hope).
I am in the firm belief that the whole global paper system will be shown for what it is - worthless. It is all a grand ponzi scheme which will all suddenly unravel once the music stops.
The most important prices to follow are the current cash price of the commodities, referred to as spot prices. These are especially important for the gold price, silver and commodities.
You will see an ever increasing divergence between the actual cash spot price and the paper futures prices. This divergence will keep increasing to the point that futures will be ignored and no longer be a relied upon indicator.
If you are using futures to trade with, I suggest you try to change your trading strategies before you are forced to by the coming change. It'll prevent you making substantial losses when the fracture happens.
Futures Commodities Source
The majority of the prices are mainly sourced from either the COMEX or NYMEX (both of which are part of the CME Group)as they are the principle drivers for the futures gold, price silver and other commodities in general.