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Gold Futures (GC) main discussion

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  #61 (permalink)
Symple
Zuerich / Switzerland
 
 
Posts: 916 since Sep 2021
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I am curious how the following will affect the gold future price in the near future



Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar
, US Treasury gold (see BullionStar ), Poland’s gold (see RT site ), China’s gold (see RT’s Spanish site ), why buy physical gold (see RT site ), and gold price manipulation (see RT site

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.

The full article you will find here: https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

Symple

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  #62 (permalink)
zak010
France , Paris
 
 
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Hello, guys, a friend of mine told me that every Thursday gold moves fast either up or down, is it true ?

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  #63 (permalink)
zak010
France , Paris
 
 
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Hello everyone, i was searching for brokerage fees of gold and i couldn't find it , could you help me please ?

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  #64 (permalink)
 SMCJB 
Legendary Market Wizard
Normally Houston TX but in Ecuador/Galapogos today
 
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From your post in the Crude thread

SMCJB View Post
You can find all the CME exchange fees here. Remember the fee you pay is Exchange Fee + Broker Clearing Fee + NFA Fee (2c). This sheet only covers the Exchange Fee.


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  #65 (permalink)
 Salao 
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Los Angeles CA
 
Experience: Beginner
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zak010 View Post
Hello, guys, a friend of mine told me that every Thursday gold moves fast either up or down, is it true ?

If you are interested in trading gold you should definitely research this for yourself. From my experience, your friend isn't wrong. Gold prices tend to move a bit when economic data is released. Narrative forming data is often released on Thursday morning (I'm pacific time), but not always.

Observe for yourself...

https://tradingeconomics.com/calendar

Happy trails. .

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  #66 (permalink)
 bobwest 
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zak010 View Post
Hello everyone, i was searching for brokerage fees of gold and i couldn't find it , could you help me please ?

Use the same list that was quoted in the Crude thread, but just look for gold: https://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf

Again, this is for just one broker (and is not meant as a recommendation of that broker, particularly) -- but it can give you an idea. You will always want the "all in" cost, which includes pure broker commission as well as data and exchange fees, and you want it for the "round turn", meaning the buy plus the sell. That's the full cost of the trade.

Scroll to page 2, COMEX, and check out GC. You can see a range, for that broker, of $2.31 - $3.01, depending on the fees for the type of trading platform license you have. (You would pay separately for a "lifetime" or "lease" license for the software, which is why those costs are lower per transaction.) Not too different from the $3.00(ish)-or-under fee that they charge for CL. This is probably close enough on a rough basis for most brokers. Some may be lower, some higher, but that's a good general range.

Bob.

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-- Cervantes, Don Quixote
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  #67 (permalink)
 Salao 
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Days like today (3% move) don't happen very often. In the last 10 years it's happened 13 times, 7 times during the doom stricken corona spring...


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