newbie gold question

Discussion in 'Commodity Futures' started by newguy05, Sep 19, 2008.

  1. newguy05

    newguy05

    Hi on my IB, it shows gold futures(GCU8) down 20 or 2.3%. But why is the GLD up 3.3 or (3.99%) ?

    i thought they follow each other like the crude and uso.

    thanks
     
    #1     Sep 19, 2008
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  2. daddyeaux

    daddyeaux

    the confusion is the pit close and the 24 hour close.

    not sure how IB handles overnite benchmarks

    i.e. Kitco 5pm to 5 pm shows up 19.80

    and futs quote on optionsexpress was down 20 something
     
    #2     Sep 19, 2008
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  3. newguy05

    newguy05

    are you saying GCU8 didnt drop 20 points? or it dropped after GLD closed? sorry not too clear what you mean.
     
    #3     Sep 19, 2008
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  4. daddyeaux

    daddyeaux

    there have been discussions about the disconnect of GLD to the spot price..

    I've noticed it has decoupled a few times during the volitility

    do a search for more.
     
    #4     Sep 19, 2008
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