Commodity glossary R

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Glossaries - Commodity Glossary

    RESISTANCE LEVEL

  • A level at which a price trend is halted either temporarily or totally. See also "floor" and "ceiling".
  • REFINING)

  • The separating and purifying of gold and silver from other metals
  • REFINERY  

  • A processing plant usually associated with a smelter that produces high purity metal.
  • RING

  • Period of 5 minutes in which a metal is traded at the LME and a settlement quotation is fixed

  • RISK

  • The exposure to adverse market movements, mischance or the possibility of losing money.
  • ROASTING

  • Treatment of ore by heat and air, or oxygen enriched air, or other reagent, to eliminate volatile substances and bring about chemical change such as oxidation of sulfides
  • ROLLED GOLD    

  • The process in which a layer of carat gold alloy is mechanically bonded to another metal
  • ROUND TURN

  • The complete transaction of a closed out futures contract, i.e. both the buying and selling operations. Commission rates are sometimes quoted on a round turn basis.

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