I've been with them for awhile and love IB. I wouldn't use them for analysis/charting, but if all you're doing is executing trades they're tough to beat. Bulltrap is right, IAU is better due to the lower expense ratio. I'd still trade GLD options ...

Best broker for UK residents with narrow Gold spreads

Glad to have you with us!

Gold RIGHT NOW

Nice find! It's hard to believe an IPO have that kind of impact on their money market. Can you imagine if the fed funds rate or libor rose by 84bps in a day?

Gold RIGHT NOW

I haven't seen any news on it. If anything I'd expect it to be going up on account of a possible banking crisis starting in Hong Kong. url

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Right now I’m keeping a close eye on the situation in Hong Kong. url Apparently HIBOR is up 84bps tonight. That’s what a banking crisis looks like. Lots of tail risk, gold could catch a bid on this if the situation doesn’t return to normal.

Gold RIGHT NOW

Its really remarkable just how poorly copper is performing. image It gapped higher Sunday due to the positive trade news between the US and China, but in spite of that it has continued to head south this week. Looks like its wants to test 2.60 ...

Copper for everyone

Palladium made it to almost $1,570 earlier today: image Did you wind up entering a short position?

Palladium trading

Happy Independence Day to my fellow American traders. image Between the holiday and the employment report coming up, I'm expecting a quiet range bound day ahead.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'm not suggesting the above tools show what the Fed will do, they just show what the market thinks they will do. The difference is key. If you think the market is wrong, as it frequently is, you can bet on a different outcome and make money. ...

Tools to view expectations of Fed policy

All I can say is whomever wins is going to preside over a recession. We can’t go 5 more years without one so I hope they’re ready and able to enact fiscal stimulus.

Metals Outlook: Cash and Futures

That seems reasonable to me. What’s your time horizon for the trade?

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Normally I'll stick to commenting on gold or silver, but you guys might be interested to know the S&P futures just broke 3,000!!! image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

While we're on the topic of the Fed, I have an interesting fact for you all... The Fed sets a target range the Federal Funds Rate (FFR), but they don't actually have direct control over it. What they do is adjust the Interest On Excess Reserves ...

Tools to view expectations of Fed policy

It is worth keeping an eye on the 10y here: image The 10y (right) keeps running into resistance in the same area. I think the 10y needs to breakout for gold (left) to move meaningfully higher.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

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Picture Tennis (metals edition)

Strange move, but there wasn't anything on the newswires to cause it. Its already mostly retraced: image

Gold RIGHT NOW

Ouch, time to find a new broker! You should move over to futures where you're not going to deal with brokers stop hunting. Trading is hard enough without that.

broker stop-hunted my palladium trade

In my experience faith in your own market beliefs is critical. When you've got a lot of money on the line, its hard to ignore the intelligent sounding analyst on CNBC who's on the other side of your trade. Having a solid trading plan and the ...

How do YOU trade?