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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Eva who wrote (1683)4/30/2004 5:48:03 AM
From: macavity  Respond to of 29622
 
Gold e-minis.

These trade 24 hrs (with real bad liquidity in the Asia Market Period 22:00-08:00 GMT period) on ECBOT - The Electronic CBOT.
cbot.com
You have to find out which month is liquid (it is not always obvious).

1 contract = 33.33USD/Pt
i.e. 3 contracts you gain exposure at 100/pt.

I think they are a great contract as I find their liquidity ok for my tastes, but be careful with your overnight stops as Thursday demonstrates.
They traded down to 370 on little or no volume, a text book "Rinse Job" / Stop hunting.

-macavity