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Commodity glossary S
Glossaries - Commodity Glossary
- The selection of a small but representative part of an ore body or process material for analysis.
- Scrap metal that has been recycled
- To place an opening trade at the bid price of a spread in anticipation of the underlying market falling, commonly referred to as a "down trade", "taking a short position", or "going short". You can also sell at the bid price to close an existing long position.
- In technical analysis, a chart pattern which indicates a key reversal downwards in price.
- The risk that arises when payments are not exchanged simultaneouslly, generally arising due to time differences. One party to a transaction must effect payment or delivery in an earlier time zone without having confirmation of the receipt of a reciprocal asset in a later time zone.
- Sydney Futures Exchange.
- Singapore Exchange
- A vertical or inclined conduit providing access from the surface to underground orebodies.
- A short position means the sale of an asset not yet owned
- The sale of a call and put option with the same exercise price and expiry date. The investor has a neutral view of the underlying asset and expects limited price fluctuation.
- The closure of short positions
- The Singapore International Monetary Exchange was established in 1983 from an alliance between the Gold Exchange of Singapore and the International Money Market (IMM) in Chicago.
- The fine fraction of waste material discharged from the mill after valuable minerals have been recovered or the metallic compounds left in the bath during electrolytic refining of metals.
- The process of melting ores or concentrates to separate out gold or silver from impurities.
- Swiss Options & Financial Futures Exchange.
- A trader who has bought a forward or future in the expectation of closing it out at a higher price
- A trader who has sold a forward or future in the expectation of buying it back at a lower price.
- The price for spot delivery which in the gold market is two days from the trade date
- Delivery of metal and payment of money, which takes place two business days after the transaction date."
- A forward sale contract with no fixed delivery, but with the facility to roll forward the pricing of a contract at pre-determined intervals on the basis of current interest rates. This gives more flexiblity than conventional forward contracts.
- The difference between Bid (the price a buyer is prepared to pay for gold) and Ask (the price at which a seller offers to sell) prices.
- Excess demand over supply on a particular prompt date or period that causes the price (s) for that date (period) to rise more sharply than surrounding prices.
- 1) Gold bar weighing approximately 400 ounces or 12.5 kilograms and having a minimum fineness of 995 parts per 1,000 pure gold.
2) Silver bar weighing approximately 1,000 ounces with a minimum fineness of 999. " - Statistical measure of the degree to which an individual value in a probability distribution tends to vary from the mean of the distribution. Indicates probability of a variable or price falling within a certain width or band around the mean.
- The purchase/sale of a contract on a market and the simultaneous taking of an equal and opposite position, usually on another market, to profit from discrepancies in the price and/or currencies involved."
- Activity of extracting ore underground
- Purchase or sale of call and put options for the same underlying asset with the same expiry date and strike price.
- In options, a speculative strategy of either buying or selling puts and calls, each with the same expiry date but with different strike prices.
- In options, the pre-determined price at which an option may be exercised.
- In technical analysis, the price level where new buyers are expected to emerge.
- Simultaneous purchase and sale of spot against forward.
2) An exchange between locations.
3)A swap or exchange of different size or quality of gold bars.
4)An agreement whereby a floating price is exchanged for a fixed price over a specified period. - Simultaneous purchase and sale of the same asset for different maturity dates.
- A strategy of buying a combination of futures and put options to achieve the equivalent position of buying a call option or buying a combination of futures and call options to achieve the equivalent position of buying a put option.
SAMPLING
SECONDARY METAL
SELL
SELL SIGNAL
SETTLEMENT RISK
SFE
SGX
SHAFT
SHORTL
SHORT STRADDLE
SHORT COVERING
SIMEX
SLIMES
SMELTING
SOFFEX
SPECULATIVE LONG
SPECULATIVE SHORT
SPOT PRICE
SPOT SETTLEMENT
SPOT DEFERRED
SPREAD
SQUEEZE
STANDARD BAR
STANDARD DEVIATION
STOP LOSS ORDER
STOPING
STRADDLE
STRANGLE
STRIKE PRICE
SUPPORT
SWAP
SWITCH
SYNTHETIC
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