Gold fall $83.04 since morning (more than 5%)
Silver fall $2.69 since morning (more than 10%)
No sign for retracement.
Showing posts with label Silver. Show all posts
Showing posts with label Silver. Show all posts
Monday, April 15, 2013
Sunday, February 12, 2012
CFD no more, LCP
As you see, I have been trading on FXCM and today I log into IG markets and realised that CFD for commodities is no longer available here.
They introduced new product = LCP
“Leveraged Commodity Product” or “LCP” means an OTC commodity contract on a margin basis (other than a commodity futures contract) whereby a person undertakes, as determined by the terms and conditions of the contract, to pay an amount of money determined or to be determined by reference to the change in value of a commodity over a specified period of time;
The new contract size is now:
Gold
1. Standard Contract = 100 troy oz / margin requirement USD1700
2. SGD denominated contract = SGD$10 (SGD1 x min 10 contracts) / margin requirement SGD$170 (SGD17 x min 10 contracts)
Silver
1. Standard Contract = 5000 troy oz / margin requirement USD3000
2. SGD denominated Contract = SGD$5 (SGD1 x min 5 contracts) / margin requirement SGD$300 (SGD60 x min 5 contracts)
Light Crude Oil (US)
1. Standard Contract = USD 10 per full point / margin requirement USD1500
2. SGD denominated Contract = SGD$5 (SGD1 x min 5 contracts) / margin requirement SGD$750 (SGD150 x min 5 contracts)
They introduced new product = LCP
“Leveraged Commodity Product” or “LCP” means an OTC commodity contract on a margin basis (other than a commodity futures contract) whereby a person undertakes, as determined by the terms and conditions of the contract, to pay an amount of money determined or to be determined by reference to the change in value of a commodity over a specified period of time;
The new contract size is now:
Gold
1. Standard Contract = 100 troy oz / margin requirement USD1700
2. SGD denominated contract = SGD$10 (SGD1 x min 10 contracts) / margin requirement SGD$170 (SGD17 x min 10 contracts)
Silver
1. Standard Contract = 5000 troy oz / margin requirement USD3000
2. SGD denominated Contract = SGD$5 (SGD1 x min 5 contracts) / margin requirement SGD$300 (SGD60 x min 5 contracts)
Light Crude Oil (US)
1. Standard Contract = USD 10 per full point / margin requirement USD1500
2. SGD denominated Contract = SGD$5 (SGD1 x min 5 contracts) / margin requirement SGD$750 (SGD150 x min 5 contracts)
Saturday, May 28, 2011
Transaction (Gold)
My 1st Short @ 1524.70 (3 contracts) was triggered a SL at 1523 yesterday, I have moved the Stop Loss after seeing Gold traded below 1520.
Last night, I have queued another short at 1532 (9 contracts).
Stop loss 1539.
Target 1504.
At the same time, I shorted Silver 37.98 (3 contracts).
Stop loss 38.28 (30 pips)
Target 37.68 (30 pips)
it is a quick trade based on ProMaster 2 hour strategy.
Market came down to 3745 (50 pips) and rebounded.
Taken profit on Silver 1:1.
Still riding on the Gold Short trade.
Gold last done 1537.50, I am currently riding on a loss of 5.5 pts.
Market is trading near my stop loss, and once I am triggered, I am gonna stay out.
Last night, I have queued another short at 1532 (9 contracts).
Stop loss 1539.
Target 1504.
At the same time, I shorted Silver 37.98 (3 contracts).
Stop loss 38.28 (30 pips)
Target 37.68 (30 pips)
it is a quick trade based on ProMaster 2 hour strategy.
Market came down to 3745 (50 pips) and rebounded.
Taken profit on Silver 1:1.
Still riding on the Gold Short trade.
Gold last done 1537.50, I am currently riding on a loss of 5.5 pts.
Market is trading near my stop loss, and once I am triggered, I am gonna stay out.
Saturday, May 14, 2011
Trade Deficit, Budget Deficit..
Trade Deficit in U.S. Widens More Than Estimated on Surge in Oil Imports
Source: Bloomberg News
The U.S. trade deficit widened more than forecast in March as the highest oil prices in more than two years boosted imports, eclipsing record exports.
WTI Crude price rose to as high as 106.94 on 7-Mar-2011, corrected to below 100 yesterday. Last traded 99.06 USD per barrel.
At the same time, US Dollar index - against a basket of 6 currencies, plunge to as low as 72.86 on 4-May-2011, rebounded to 75.405.
We believe the current situation will keep driving up the cost of imports (lower USD, higher cost of production) ---- while the weak currency will keep US competitive of exporting the goods to emerging markets, yes, as a result of weaker dollar, we shall see more Coach bags, Prada Bags, Gucci Bags... because it looks cheaper with the weak currency now :)
And... ah ha~~ I am very very happy playing with the kids, and talking to my brother, and talking to my sister-in-law, I have so much fun, and I love my brother, I love my niece, I love my sister-in-law! :)
Certainly my brother has so much talent, just a click or two, he can give me an answer -- of a question that has been troubling me for months! oops... come back to Economics. :p
The Trade Gap in US is going to widen a bit... but it must come back to an equilibrium.
The trade gap rose 6 percent to $48.2 billion, the biggest since June, from $45.4 billion in February, the Commerce Department reported today in Washington. The median forecast of 72 economists surveyed by Bloomberg News projected it would widen to $47 billion. Sales abroad climbed by the most in 17 years.
Budget Deficit...
US Budget Deficit to Exceed $1 Trillion Again This Year
Source: CNBC
Curb federal Spending, increase tax..
We need more jobs, more employment (more people working), more tax revenue for the government, maintain low interest rate so that we can continue to stimulate the economy, continue to weaken the dollar by printing more and more paper money...
But with QE2 coming to an end (in 2 weeks...?) speculations and rumors are all over the places.
What would be the future of US Economies? DJIA, Nasdaq 100, EUR/USD, USD/JPY, and the precious metal like Gold and Silver?
Source: Bloomberg News
The U.S. trade deficit widened more than forecast in March as the highest oil prices in more than two years boosted imports, eclipsing record exports.
WTI Crude price rose to as high as 106.94 on 7-Mar-2011, corrected to below 100 yesterday. Last traded 99.06 USD per barrel.
At the same time, US Dollar index - against a basket of 6 currencies, plunge to as low as 72.86 on 4-May-2011, rebounded to 75.405.
We believe the current situation will keep driving up the cost of imports (lower USD, higher cost of production) ---- while the weak currency will keep US competitive of exporting the goods to emerging markets, yes, as a result of weaker dollar, we shall see more Coach bags, Prada Bags, Gucci Bags... because it looks cheaper with the weak currency now :)
And... ah ha~~ I am very very happy playing with the kids, and talking to my brother, and talking to my sister-in-law, I have so much fun, and I love my brother, I love my niece, I love my sister-in-law! :)
Certainly my brother has so much talent, just a click or two, he can give me an answer -- of a question that has been troubling me for months! oops... come back to Economics. :p
The Trade Gap in US is going to widen a bit... but it must come back to an equilibrium.
The trade gap rose 6 percent to $48.2 billion, the biggest since June, from $45.4 billion in February, the Commerce Department reported today in Washington. The median forecast of 72 economists surveyed by Bloomberg News projected it would widen to $47 billion. Sales abroad climbed by the most in 17 years.
Budget Deficit...
US Budget Deficit to Exceed $1 Trillion Again This Year
Source: CNBC
Curb federal Spending, increase tax..
We need more jobs, more employment (more people working), more tax revenue for the government, maintain low interest rate so that we can continue to stimulate the economy, continue to weaken the dollar by printing more and more paper money...
But with QE2 coming to an end (in 2 weeks...?) speculations and rumors are all over the places.
What would be the future of US Economies? DJIA, Nasdaq 100, EUR/USD, USD/JPY, and the precious metal like Gold and Silver?
Friday, May 6, 2011
News Release and Watch the market tonight
Commodities news flying, Announcement on Jobs, NFP tonight.
Beware of the crazy swings, stay out or trade near major support / resistance only.
Jim Rogers: Oil Price Will Keep Rising; Silver to Fall
Read: http://www.cnbc.com/id/42909575/
Beware of the crazy swings, stay out or trade near major support / resistance only.
Jim Rogers: Oil Price Will Keep Rising; Silver to Fall
Read: http://www.cnbc.com/id/42909575/
Sunday, March 27, 2011
Gold and Silver on 28-Mar-2011 (Mon)
Gold
With Gold resisted at 1450 region (Highest 1448 on last Thursday 24/3). Next week outlook is bearish, short at 1438 - 1432 top region and expect Gold to find support near 1417, 1407 respectively.
Stop Loss should be last week's high 1448.
Silver
Similarly, Short at top region 37.77-37.88, SL 38.17.
Expect support near 36.85, then 35.90 - 36, and lastly 35.
With Gold resisted at 1450 region (Highest 1448 on last Thursday 24/3). Next week outlook is bearish, short at 1438 - 1432 top region and expect Gold to find support near 1417, 1407 respectively.
Stop Loss should be last week's high 1448.
Silver
Similarly, Short at top region 37.77-37.88, SL 38.17.
Expect support near 36.85, then 35.90 - 36, and lastly 35.
Saturday, March 12, 2011
Gold and Silver on 14-Mar-2011 (Mon)
Gold
ATR = 19
Current Support 1403
Support 1400 (Breakout point)
Next Support 1392
Strong Support 1375
Resistance: 1445
Resistance: 1436
Trading at key support!
Gold has approached to 1403 low on last Thursday 10-Mar-11 and made a double bottom at 1405 then close at 1418.90 for the week.
Although we have yet to see the reversal on Day chart, but current support of 1403 is a good level for aggressive traders to pick long, however, if Gold violated 1400 which is a breakout point to the bottom, we at Ayumi the Novice Trader maintain our view that Gold will test 1375 in the coming week.
Trading Plan:
Early of the Week, look for Long opportunity when Gold is trading near 1403-05 level, intraday Long @ 1405, SL at 1400 (or slightly below it), TG 1423 or close at any price at EOD.
When Gold is trading at resistance 1436, look for reversal and prepare to short at this level, target near 1403-1405 support.
ATR = 19
Current Support 1403
Support 1400 (Breakout point)
Next Support 1392
Strong Support 1375
Resistance: 1445
Resistance: 1436
Trading at key support!
Gold has approached to 1403 low on last Thursday 10-Mar-11 and made a double bottom at 1405 then close at 1418.90 for the week.
Although we have yet to see the reversal on Day chart, but current support of 1403 is a good level for aggressive traders to pick long, however, if Gold violated 1400 which is a breakout point to the bottom, we at Ayumi the Novice Trader maintain our view that Gold will test 1375 in the coming week.
Trading Plan:
Early of the Week, look for Long opportunity when Gold is trading near 1403-05 level, intraday Long @ 1405, SL at 1400 (or slightly below it), TG 1423 or close at any price at EOD.
When Gold is trading at resistance 1436, look for reversal and prepare to short at this level, target near 1403-1405 support.
Sunday, March 6, 2011
Gold and Silver on Mon 7-Mar-2011
Gold currently resisted at 1440, due for a short term correction before going up higher.
With the rumours on rising interest rates, I doubt the Gold current support 1414 can be an ideal level to establish long.
Ayumi prefer to initiate short term position this week, bias down, short at 1336 - 1440 top region, SL 6 pts away, initial target 1414, 2nd target 1396.
This week, if Gold settle below 1400 level, without any reversal sign on Day chart, Gold is likely to complete the correction to 1370 in coming weeks.
Till then we will observe for opportunity to hunt for Long in the Gold market, my annual target for Gold lies at 1600-20.
On the other hand, with current fundamental development, Gold may also go higher before correction take place, if Gold break above 1440 resistance and close with a bullish candle above 1441, Gold may continue to head north target 1480.
Silver
The bull is too fierce, the range is too big... :) No comment, no forecast, no trade. :)
Sunday, February 27, 2011
Gold and Silver on Mon 28-Feb-2011
Gold 28-Feb-2011 week:
Suspect Gold to trade in consolidation range 1418-1393, current price 1411 is toppish with resistance capped at 1419, breaking above this point will lead to 1430.
Current Support 1400,
Support2: 1392.
Breakout point to the bottom: 1389 (this will be the level for my SL if I were to Long).
For short trade, suggest to short when market comes to 1419 with reversal sign.
Prefer to pick long after the correction :)
Silver
Short view, bearish sentiment based on weekly reversal pattern + daily reversal at recent high 34.326 cents, current resistance 33.768 cents.
Would this week form a new high slightly above 33.768? Prefer to short at 33.80 region SL 34.20-34.40 (40 cents) with reversal pattern on intraday chart looking forward to 31.84 target.
Breaking above previous high 34.326 uptrend will continue to 35.80.
Suspect Gold to trade in consolidation range 1418-1393, current price 1411 is toppish with resistance capped at 1419, breaking above this point will lead to 1430.
Current Support 1400,
Support2: 1392.
Breakout point to the bottom: 1389 (this will be the level for my SL if I were to Long).
For short trade, suggest to short when market comes to 1419 with reversal sign.
Prefer to pick long after the correction :)
Silver
Short view, bearish sentiment based on weekly reversal pattern + daily reversal at recent high 34.326 cents, current resistance 33.768 cents.
Would this week form a new high slightly above 33.768? Prefer to short at 33.80 region SL 34.20-34.40 (40 cents) with reversal pattern on intraday chart looking forward to 31.84 target.
Breaking above previous high 34.326 uptrend will continue to 35.80.
Sunday, February 20, 2011
Gold and Silver on Mon 21-Feb-2011
Gold has posted +32 pts gain (+2.3%) last week and it has exceeded my target price of 1382 and settles at 1389 for the week, highest 1391.
Current resistance of 1393 will be taken out anytime on Monday, hopefully Gold can hit initial shadow before going to test the previous high 1423.
Strong Resistance 1423
Current Resistance 1393
Current support 1380
Strong support 1367
To Long aggressively, or to sit and wait for Gold to come to support?
Erm... I queued to Long at initial shadow whole of last week on Gold, but couldn't get my entry, I remind myself of the Maximum Adversity - our master market will do everything to hurt the traders' account to 100%!
While we have yet to see reversal, I will still trade on Long. This week, I will be more aggressive.
Monday: Long at 1385, SL 1380 (support), TG1 1395, TG2 1423.
The resistance at 1393 is unlikely to pull the market down for a steep correction, reckon 1385 the best level to Long. If Gold posted a gain on Monday and close above 1393, I'm going to hold this Long position until my ultimate target of 1423 for the week.
Silver
Very very bullish on Silver, when Gold posted 2.3% gain, Silver, has gained 27.1 cents (+8.3%) and settles at 3261.2 cents for the week, highest 3285.0 cents.
When market present a strong bullish sentiment, I am worried... >.< How would the correction looks like when it happen?
Thus, trading in Silver, I prefer to do intraday trade to Long when market come to 3242 cents, SL 3215, TG 3350 / EOD, stay out if market turns to 3180 cents.
Related:
and
http://www.scribd.com/doc/37142259/The-Universal-Principles-of-Successful-Trading#outer_page_30
Current resistance of 1393 will be taken out anytime on Monday, hopefully Gold can hit initial shadow before going to test the previous high 1423.
Strong Resistance 1423
Current Resistance 1393
Current support 1380
Strong support 1367
To Long aggressively, or to sit and wait for Gold to come to support?
Erm... I queued to Long at initial shadow whole of last week on Gold, but couldn't get my entry, I remind myself of the Maximum Adversity - our master market will do everything to hurt the traders' account to 100%!
While we have yet to see reversal, I will still trade on Long. This week, I will be more aggressive.
Monday: Long at 1385, SL 1380 (support), TG1 1395, TG2 1423.
The resistance at 1393 is unlikely to pull the market down for a steep correction, reckon 1385 the best level to Long. If Gold posted a gain on Monday and close above 1393, I'm going to hold this Long position until my ultimate target of 1423 for the week.
Silver
Very very bullish on Silver, when Gold posted 2.3% gain, Silver, has gained 27.1 cents (+8.3%) and settles at 3261.2 cents for the week, highest 3285.0 cents.
When market present a strong bullish sentiment, I am worried... >.< How would the correction looks like when it happen?
Thus, trading in Silver, I prefer to do intraday trade to Long when market come to 3242 cents, SL 3215, TG 3350 / EOD, stay out if market turns to 3180 cents.
Related:
andhttp://www.scribd.com/doc/37142259/The-Universal-Principles-of-Successful-Trading#outer_page_30
Saturday, February 5, 2011
Gold and Silver on 7-Feb-2011 (Mon)
Gold
I wouldn't know whether this is my personal bias or because I missed the entry...
but I would still prefer Gold continue to come down to 1294 before going up higher.
Gold has break above flag formation on Thursday and close at 1348 on Friday. Coming week, Gold may continue to come up to 1365, this is the point where I reckon the market reversal to happen.
If Gold shows reversal at 1365, I will observe for short and my target exit at 1294.
If not, then 1307 (28/1) would be the lowest price we can get from Gold.
Aggressive Long can plant at 1344 SL 1338 TG 1365.
Observe for short opportunity at 1365 for the week.
Silver
Coming week, reckon silver to face resistance at 29.45-29.55.
Support 28.85 and 28.00.
No recommendation to trade.
I wouldn't know whether this is my personal bias or because I missed the entry...
but I would still prefer Gold continue to come down to 1294 before going up higher.
Gold has break above flag formation on Thursday and close at 1348 on Friday. Coming week, Gold may continue to come up to 1365, this is the point where I reckon the market reversal to happen.
If Gold shows reversal at 1365, I will observe for short and my target exit at 1294.
If not, then 1307 (28/1) would be the lowest price we can get from Gold.
Aggressive Long can plant at 1344 SL 1338 TG 1365.
Observe for short opportunity at 1365 for the week.
Silver
Coming week, reckon silver to face resistance at 29.45-29.55.
Support 28.85 and 28.00.
No recommendation to trade.
Saturday, January 29, 2011
Gold and Silver on 29-01-2011 (Sat)
Gold
2 Possibilities:
Possibility 1: Gold continue to go up to 1350 (50% retracement) and continue the dive.
Choose to do intraday trade for this week, for long term position trade, I would rather wait for Gold to break above 1350 first, close around 1380 to confirm the reversal. Or to seek for intraday reversal again when Gold come to major support 1295-1280.
Summarize Support and Resistance:
R3: 1350
R2: 1365
R1: 1379
S1: 1326
S2: 1307
S3: 1295
S4: 1280
Silver
Pretty much resisted at double top 27.95-28.00 region.
From Friday's closing, reckon Silver to continue to go higher to 28.45-50 before correction take place.
If Silver being resisted at 28.00 (double top region) and turn down, we reckon Silver to find support at 27.30.
Stay out on Silver temporary, I'm still having a personal bias to short Silver. I wished to Silver make a max pull up to 28.50 with a reversal candle on day chart, and to plunge to 25.82.
2 Possibilities:Possibility 1: Gold continue to go up to 1350 (50% retracement) and continue the dive.
- From Intraday chart (30 mins), we observe a inner wave up and already hit 3L;
Intraday Traders looking to long may long at 1328 SL 1322 TG 1340. - Reckon Gold to face resistance at 1350, do a slight correction before breaking higher;
Intraday Traders looking to short may want to place a short at 1351 SL 1356 TG 1326.
Choose to do intraday trade for this week, for long term position trade, I would rather wait for Gold to break above 1350 first, close around 1380 to confirm the reversal. Or to seek for intraday reversal again when Gold come to major support 1295-1280.
Summarize Support and Resistance:R3: 1350
R2: 1365
R1: 1379
S1: 1326
S2: 1307
S3: 1295
S4: 1280
Silver
Pretty much resisted at double top 27.95-28.00 region.
From Friday's closing, reckon Silver to continue to go higher to 28.45-50 before correction take place.
If Silver being resisted at 28.00 (double top region) and turn down, we reckon Silver to find support at 27.30.
Stay out on Silver temporary, I'm still having a personal bias to short Silver. I wished to Silver make a max pull up to 28.50 with a reversal candle on day chart, and to plunge to 25.82.
Saturday, January 15, 2011
Gold on 17-Jan-2011 (Mon)
Gold on 17-Jan-2011 (Mon)
I shorted Gold at 1385, Gold market has Triggered my stop loss on Thursday night 13/1/2011 @ 1391, resisted at 1392, form a candlestick reversal pattern (bearish engulfing) and .... and dive down.
Price go back to entry, and entered to my target price.
Taken my losses, happy for the little loss of 6pts.
I'm looking forward to retracement for another short entry.
Reckon market to find support like previous low 1352 (Friday low 1354).
This time, retracement won't go too far, may be 1367, max 1377.
I would possibly place my short at 1373-1377, SL 1385.
Target exit1350, 1330, 1315. revised: 1358, 1344, 1330
Silver on 17-Jan-2011 (Mon)
Didn't trade on Silver, but it seems that my pick to Short 29.26 or 29.76 seems fine.. and market turn after 2nd short level.
Yet to hit target price 27.586, Friday low 28.059. Make all figures look simple... from now on... I will post 2 decimal...
Reckon market to retrace to 28.92, pick short at 28.92, SL 29.06 (14 cents), TG 28.35 (57 cents), Ultimate TG 27.60 (132 cents).
Silver contract size is big for me... Trading Gold means cannot trade Silver :p
Lets get Silver contracts explained:
Silver Futures
Product Symbol: SI
Venue: CME Globex, CME ClearPort, Open Outcry (New York)
Contract Size = 5,000 troy ounces
Min Tick Size EFP = 0.005 (0.5 cents) per troy ounce
Contract / Tick = $25 per contract
1 full Point (1 cent) correspondent to = $50 per contract
Trading Example:
Sell 5,000 troy ounce of Silver @ 28.920 per troy ounce = USD 144,600
Buy 5,000 troy ounce of Silver @ 27.600 per troy ounce = USD 138,000
Investment (Initial Margin*) = USD 7,230
* Initial margin requirement, we are taking SI at 5% now, my preferred broker also offer 5%.
Profit = +132 cents correspond to Profit = +USD 6,600
ROI = 91%
Good news, I just knew another broker offer mini versions of all Standard Spot Metals contracts at 10% of the main contract size.
meaning, in this case, margin requirement is USD 723 for 1 mini contract :)
Disclaimer: Margin product (leveraged product) like Gold and Silver can result in losses that exceed your initial deposit. Trading margin product may not be suitable for everyone, so please ensure that you fully understand the risks involved, control your risk and do not let Greed overtake you.
Gold Bar Image extraced from Amazon:
Related Post: Gold Futures and Silver Futures
I shorted Gold at 1385, Gold market has Triggered my stop loss on Thursday night 13/1/2011 @ 1391, resisted at 1392, form a candlestick reversal pattern (bearish engulfing) and .... and dive down.
Price go back to entry, and entered to my target price.
Taken my losses, happy for the little loss of 6pts.
I'm looking forward to retracement for another short entry.
Reckon market to find support like previous low 1352 (Friday low 1354).
This time, retracement won't go too far, may be 1367, max 1377.
I would possibly place my short at 1373-1377, SL 1385.
Target exit
Silver on 17-Jan-2011 (Mon)
Didn't trade on Silver, but it seems that my pick to Short 29.26 or 29.76 seems fine.. and market turn after 2nd short level.
Yet to hit target price 27.586, Friday low 28.059. Make all figures look simple... from now on... I will post 2 decimal...
Reckon market to retrace to 28.92, pick short at 28.92, SL 29.06 (14 cents), TG 28.35 (57 cents), Ultimate TG 27.60 (132 cents).
Silver contract size is big for me... Trading Gold means cannot trade Silver :p
Lets get Silver contracts explained:
Silver Futures
Product Symbol: SI
Venue: CME Globex, CME ClearPort, Open Outcry (New York)
Contract Size = 5,000 troy ounces
Min Tick Size EFP = 0.005 (0.5 cents) per troy ounce
Contract / Tick = $25 per contract
1 full Point (1 cent) correspondent to = $50 per contract
Trading Example:
Sell 5,000 troy ounce of Silver @ 28.920 per troy ounce = USD 144,600
Buy 5,000 troy ounce of Silver @ 27.600 per troy ounce = USD 138,000
Investment (Initial Margin*) = USD 7,230
* Initial margin requirement, we are taking SI at 5% now, my preferred broker also offer 5%.
Profit = +132 cents correspond to Profit = +USD 6,600
ROI = 91%
Good news, I just knew another broker offer mini versions of all Standard Spot Metals contracts at 10% of the main contract size.
meaning, in this case, margin requirement is USD 723 for 1 mini contract :)
Disclaimer: Margin product (leveraged product) like Gold and Silver can result in losses that exceed your initial deposit. Trading margin product may not be suitable for everyone, so please ensure that you fully understand the risks involved, control your risk and do not let Greed overtake you.
Gold Bar Image extraced from Amazon:
Related Post: Gold Futures and Silver Futures
Sunday, December 19, 2010
Gold Futures and Silver Futures
Welcome CME products to Bursa Malaysia, we can trade Gold, Silver, Cotton, Coffee, DJIA, e-Mini Dow... :)
Gold Futures
Product Symbol: GC
Venue: CME Globex, CME ClearPort, Open Outcry (New York)
Contract Size = 100 troy ounces
Min Tick Size = 0.10 per troy ounce
Contract Value = $10 per contract
Example:
Gold Price @ 1,400 USD, Long
When Gold is trading at 1,400.10 USD = +$1.00
When Gold is trading at 1,401.00 USD = +$10.00
Silver Futures
Related: [CME Group] [Time Zone]
What is CT?
In most states in the USA and in most provinces in Canada, Daylight-Saving Time (DST) is observed. During DST CT (or CDT) is 5 hours behind Greenwich Mean Time (GMT-5).
After the Summer months Central Time is shifted back by 1 hour to US Central Standard Time (CST) or (GMT-6).
Gold Futures
Product Symbol: GC
Venue: CME Globex, CME ClearPort, Open Outcry (New York)
Contract Size = 100 troy ounces
Min Tick Size = 0.10 per troy ounce
Contract Value = $10 per contract
Example:
Gold Price @ 1,400 USD, Long
When Gold is trading at 1,400.10 USD = +$1.00
When Gold is trading at 1,401.00 USD = +$10.00
I have created a ticket for quick reference.
Product Symbol: SI
Venue: CME Globex, CME ClearPort, Open Outcry (New York)
Contract Size = 5,000 troy ounces
Min Tick Size EFP = 0.005 (0.5 cents) per troy ounce
Contract Value = $25 per contract
Example:
Silver Price @ 29.115 USD, Long (2911.3 cents)
When Silver is trading at 29.116 USD = +$5.00
When Silver is trading at 29.125 USD = +$50.00
What is CT?
In most states in the USA and in most provinces in Canada, Daylight-Saving Time (DST) is observed. During DST CT (or CDT) is 5 hours behind Greenwich Mean Time (GMT-5).
After the Summer months Central Time is shifted back by 1 hour to US Central Standard Time (CST) or (GMT-6).
Subscribe to:
Posts (Atom)