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Mini-gold vs. micro-gold vs. regular gold futures: any comments?


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Mini-gold vs. micro-gold vs. regular gold futures: any comments?

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  #11 (permalink)
 hobart 
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that micro is pretty nuts, but its so small, you have to be looking for 10$ not 10 ticks. the YG tracks very well (as long as its not during an fomc event). i frequently will trade it or lay off big boys. I do not ever experience more than a couple ticks of slip/spread on it during the day. take a look. also remember you can trade GLD etf as smaller sizes too, which also tracks quite well and has good liquidity.

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  #12 (permalink)
 
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 ElChacal 
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I use micro as a "buy and hold" type of trade instead of trading an ETF, it offers more leverage. Still waiting for that swing though, I placed my position last week but no great breakout yet.

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  #13 (permalink)
 
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 ElChacal 
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ElChacal View Post
I use micro as a "buy and hold" type of trade instead of trading an ETF, it offers more leverage. Still waiting for that swing though, I placed my position last week but no great breakout yet.

Got stopped out today. Stupid gold is an extinct commodity. I think due to a lack of demand prices will keep on dropping.

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  #14 (permalink)
windguy
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ElChacal View Post
Got stopped out today. Stupid gold is an extinct commodity. I think due to a lack of demand prices will keep on dropping.

Gents thanks for this older thread -- maybe gold is not so extinct now that it is 6 months later, and money is seeking less risk.

The recent bounce in gold and now the drop could be the time for the buy-n-hold that was talked about above.

Thanks again for the older thread that was helpful!

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 ElChacal 
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windguy View Post
Gents thanks for this older thread -- maybe gold is not so extinct now that it is 6 months later, and money is seeking less risk.

The recent bounce in gold and now the drop could be the time for the buy-n-hold that was talked about above.

Thanks again for the older thread that was helpful!

Gold's been doing great. With crude prices staying at 30's until 2017 and the high volatility environment, Gold may still be a good bet at the current level.

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  #16 (permalink)
windguy
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ElChacal View Post
Gold's been doing great. With crude prices staying at 30's until 2017 and the high volatility environment, Gold may still be a good bet at the current level.

Agreed -- It seems like every time I like the pull back and do a little research in the evening, in the morning the move has already happened. I know I should just buy the futures and don't hesitate. Jessie Livermoore said: " The price is never to high", but I'm not always in agreement with this man from almost 100yrs ago (-;

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 Zxeses 
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windguy View Post
Agreed -- It seems like every time I like the pull back and do a little research in the evening, in the morning the move has already happened. I know I should just buy the futures and don't hesitate. Jessie Livermoore said: " The price is never to high", but I'm not always in agreement with this man from almost 100yrs ago (-;

Its long term investment strategy. Futures by design are not. The advice is good, just not in our context.

Also, it used to be, that if a market failed, gold could save you. I dont believe this is true any longer, at least in the long term.

Invest in food. You cant eat gold. It doesnt take the world to end for food to become the most valueable resource, all it takes is a big earthquake, flood or other disaster in your area.

Maybe a discussion for another thread, but worth talking about.

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  #18 (permalink)
windguy
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Excellent point and 6 months ago (before trading), I'm don't think I would have agreed with you. I do now...

Thanks.

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 TradingTech 
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Zxeses View Post
Its long term investment strategy. Futures by design are not. The advice is good, just not in our context.

Also, it used to be, that if a market failed, gold could save you. I dont believe this is true any longer, at least in the long term.

Invest in food. You cant eat gold. It doesnt take the world to end for food to become the most valueable resource, all it takes is a big earthquake, flood or other disaster in your area.

Maybe a discussion for another thread, but worth talking about.

Food spoils and has a temporary life. Gold is a real asset and will never die, expire, waste away. Real assets have staying power and markets in turmoil run to real assets.

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  #20 (permalink)
windguy
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patrickrooney View Post
Food spoils and has a temporary life. Gold is a real asset and will never die, expire, waste away. Real assets have staying power and markets in turmoil run to real assets.

Both good points and relative to what type of turmoil one is talking about; also how apocalyptic the context. I agree with both and therefore think having both makes sense <grin>.

Considering we are talking about futures contracts, it is likely this is moot because all I care about is short term P&L so I can buy the latter. Fun to discuss nevertheless....

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