HAWKEYE GOLD INTERNATIONAL INC. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : HAWKEYE GOLD INTERNATIONAL INC.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (10)	4/14/2001 11:28:32 AM
From: long-gone	Read Replies (1) of 24

O P R OFFICIAL SECTOR The sector of the gold market made up of the Central Banking Community and other Governmental bodies which cumulatively account for some 35,000 tonnes of above ground gold stocks. OPEN OUTCRY Method of trading any commodity where dealers face each other in a dealing ring or pit and there is direct communication. Contrast: Screen Trading. OPEN INTEREST The daily indication on an Exchange of the outstanding futures or options contracts which have yet to be delivered against or liquidated. OPTION CONTRACT An Exchange product offering the holder the right but not the obligation to buy or sell gold at a pre-agreed price by an agreed date. OPTION FENCE See range forward options ORE/ORE BODY Distinct body of rock containing minerals in sufficient concentration to be mined profitably. Economic feasibility depends largely on the price of the mineralised metals and the cost of extracting them. ORE RESERVE Measured quantify of mineralisation in an ore body. OUTCROP Geological structure which breaks through the surface of the earth. OUT-OF-THE-MONEY (option) An option that has no intrinsic value it is said to out of the money. A call is out of the money when the strike price is higher than the current price. A put is out of the money when the strike price is lower than the current price. OTC Over-the-counter; term used to describe an option that is written and traded through principals rather than a Exchange. 'OUT' BARRIER OPTIONS Are options which are paid for up front and exist until, during the option life, a predetermined barrier is broken after which the options are rendered null and void. If the barrier is not breached, the holder receives standard European options. If the barrier is broken and the options are extinguished, the holder is then paid a rebate. PACKAGES One of the major families of options which are the same as a portfolio of only standard European call options usually in association with cash and the underlying asset itself. PATH DEPENDENT OPTIONS Options whose payoff at expiry is dependant on the price performance of the underlying throughout the life of the option. Refers mostly to barrier options. See also path independent options. PATH INDEPENDENT OPTIONS Options whose payoff is based entirely on the price of the underlying at expiration date and the price performance of the underlying during the life of the option is irrelevant. Standard European and American options are path independent. See also path dependent options. PLACER Gold-bearing deposit made up mainly of gravels which have been subject to alluvial or glacial activity. PLANCHET see blank. POSITION TRADING Strategy adopted by a metal trader during which he/she maintains a short or a long position for a period of time. PREMIUM The cost which the buyer of an option pays to the writer or seller of the option; normally only a very small fraction of the value of the underlying commodity. PRIMARY GOLD Newly mined metal. PRINCIPAL-TO-PRINCIPAL Bullion transactions executed directly between the client and the market makers without being channelled through an exchange. Used primarily by market participants who have actual physical transactions to complete rather than the speculators. Speculative business tends to be channelled via the exchanges. PROOF COINS The finest quality of gold coins struck (sometimes twice) with specially prepared dies and which sell at a premium over similar coins. PUT OPTION Option giving the purchaser the right but not the obligation to sell gold at a particular strike price. RANGE FORWARDS Options similar to collars except they have a zero initial cost. REEF Highly stratified mineral bearing deposit which is clearly identifiable from surrounding rock. REUTERS International screen-base news agency widely used by all metal and foreign exchange market participants. RHO Measure of an option’s sensitivity to changes in interest rates. ROLLOVER Renewal of a forward position as it approaches maturity.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next