Chicago Gold - Anyone Trading?

[dorilevy]

Is anyone trading Mini Gold? The margin req's are attractive but the volume only averages about 600-900 day? Anyone in this market? Any thoughts?

Thanks

Doron

[cabala]

i'm very interested for this contract i try to play but my broker play only cme and eurex not cbot

[illuminato]

suggestion for dorilevy;

Instead of trading mini or other contract why not trade spot gold with a CFD broker (contract for difference). Smallest size one could trade depending on broker usually 50 ounces = USD 19,200 --> margin anything from USD 190 to 500. I understand that many US investors/traders used to trade the futures contract, but imo it's a waste of commissions, service (spot open 24/7) and spreads are very narrow on the spot.

Best of luck

[dorilevy]

How do you go about engaging in spot trading? Can you give me details? It sounds intriguing!

[illuminato]

spot gold dorilevy

dorilevy

Will check for you on Monday, this company; www.cmcforex.com offers a very good service in Europe and they just opened up in US. They offer spot FX but not sure if they offer spot prec metals in the US. Will find out.