Commodity glossary S
- 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.
STOP LOSS ORDER
- 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.