Gold and Silver mini

Discussion in 'Commodity Futures' started by 2lakes, Jun 18, 2003.

  1. 2lakes



    I have yet to trade my first futures contract and am thinking about
    buying or selling the gold mini and silver contracts. Does anyone
    have any experience in the mini market?

    I wonder how liquid the mini market is.

  2. jessie


    Gold is much better than silver, as there are lots of people doing arb. You can get free quotes at showing bid & ask, so you can decide for yourself if the spread is tight enough. Right now, the spread is 358.50 X358.80 in dec gold minis, about typical, a hair wider than comex full size.
  3. Liquidity is pretty good on the Gold mini, don't know about Silver. I watch Gold everyday and almost went long today but it just didn't look that good and collapsed 2 dollars shortly after I canceled my LMT order. That said the orders stayed there for a while as I kept moving it, trying to get an execution between the spread. But to no avail. Be careful with Gold it's kinda unpredictable IMO.

    I have been trying to get info about the limits up/down in Gold and any data from the Government or industry that may affect that market. Can anyone help?
  4. chisel


    During RTH, there's a 30 up market about 60-80 cents wide, and also smaller orders to tighten it up. Right now it's 20 cents wide 13x1.
  5. trade a little 3-5-10 contracts a side daily in the YG

    mini gold .... a week ago I did 30 - 40 side , but that

    was way too much for me ... even with IB's rock bottom

    commissions of $1.50 a side all included.

    the 30 X 30 stuff is the liquidity quote provided by the

    lead M.M. under contract to the CBOT I believe

    the smaller stuff 9X9 , 6X6, 3X3 1X1 is smaller , and smaller

    spec 's like me

  6. you can see where the cash market is at kitco

    you have to add the EFP ( spread between spot and August

    for example ) to their middle to get an idea where futures

    should be trading at

    also ... the USD movements

    and equity movements of the sector

    xau . hui , gox

    and knowing where overnight range was
    (on access system for clearing members and locals)
    can help too
  7. 2lakes


    Thanks to all who replied.
  8. Can the volume info be right ? It says mini gold traded 379 contracts today (yes that's hundreds)
  9. DblArrow


    See above link. You refer to that as pretty good liquidity?

    Make 'em pretty, Chris
    #10     Jun 18, 2003