newbie gold question

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

  1. 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
     
  2. 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
     
  3. are you saying GCU8 didnt drop 20 points? or it dropped after GLD closed? sorry not too clear what you mean.
     
  4. 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.