Nymex records highest daily gold trading volume

A daily volume record was set on November 28th for gold trading at the New York Mercantile Exchange (Nymex) has announced that

The stock exchange for gold said that record volumes of trade were registered for overall gold futures its gold contract on the CME Globex electronic trading platform and total metals futures for Comex, reflecting the resurgence of gold right to the top of the market agenda.

A key figure was attained for total metals futures contracts for Comex, with as many as 362,576 registered, a quantity exceeding the 350,921 contracts traded only two days earlier, on November 26th.

Gold futures looked to be leading the way as activity increased for metals, with Nymex declaring: "Gold futures on Globex reached a record 244,144 contracts, surpassing the 210,413 contracts traded on November 7th".

Recent weeks have seen trading go up and down for gold, with US public holidays leading to a drop-off in trade, but investors returning with a vengeance on other days ? such as this latest record Nymex day.

Gold prices have given many an incentive to buy gold in recent months, with prices soaring as high as $845 per ounce only weeks ago, before dropping down toward the $800 mark.

Related categories:  Futures   Gold trading  Print version | Email to a friend | View other articles

View the original article here

Silver Trading - Is Now The Best Time To Buy Silver Online?

Silver trading prices are breaking out technically and more investors have taken notice of this poor cousin of gold and look for way to capitalize on it's upside potential. There are good fundamental reasons why more people have started to invest in silver. To people interested in precious metals investing, silver's allure as an important industrial metal for portable electronic device technology is hard to resist. This ever growing enthusiasm for silver can be observed by the increasing but quiet trading near its highest level since 1980.

Those familiar with precious metals investing are very much in tune to the gold to silver ratio. The gold to silver ratio is often analyzed by traders, investors and buyers. The lower the ratio, the more expensive silver is compared to gold. Conversely the higher the ratio, the cheaper silver is compared to gold. The gold to silver ratio commonly trends between 20:1 to as high as 70:1. This ratio can be used as a guide to buy silver online or even for your online gold trading. This is because it tell you which precious metals will rally and when.

You may be asking, is this the time for silver trading or buy silver online? To know the answer, let's travel back in time to 2003 when the gold to silver ratio was way above from where it is today. In 2003, the ratio peaked for the last time at nearly 80:1. At that time, gold has risen from $320 per ounce to $1240 per ounce. Silver, on the other hand, has risen from $4.80 to more than $20 per ounce. Those involved in silver trading at that time gained 416% gain in seven years. Although gold lagged silver, those who trade gold online still managed a respectable 387% gain, easily beating any other markets. with a 387% gain.

Here's another piece of silver history. From 1992 to 1998, when the gold to silver hovers around 60:1 to 70:1, the silver trading price soared as high as $7.80 per ounce. However, gold stayed moderately flat during this period, advancing no more than 20% and ending the year of 1998 exactly where it began six years before.

From the aforementioned historical events on silver trading, it has shown that once the gold to silver ratio tops out at 70:1, silver will go on to outperform gold in the long run. The gold to silver ratio is now about 62:1. This means that investors or traders who buy silver online or swap their gold for silver can expect plenty of appreciation ahead of them, especially gold trading prices continues it's upward move to test new highs. Even without advancement in gold price, people who invest in silver can expect for silver trading prices to reach as high as $28-34 per ounce before investors start swapping back to gold from silver.

Having said that, much depends on the industrial demand for silver and the continuous advancement of silver trading prices. A good news for those who invest in silver is that the new federal laws and regulations on proprietary trading desks require big institutions to cut back on their shorts in their gold and silver trading. Therefore, these big institutions will not have the same stranglehold on the gold and silver market that has persisted since the day where one can buy gold and silver was first legalized.

With an improving economy which will increase the demand for silver, a rise in silver trading prices is only a matter of time, coupled with the gold trading prices breaking new highs. Many savvy investors and traders are now positioning themselves for a climb in silver trading prices that can make them become filthy rich. So if you haven't already been silver trading, now it's time to buy silver online or you may want to consider swapping a portion of your american eagle gold coins for physical silver, as history is on your side.

To learn how to trade gold online successfully and more about silver trading, instantly download my FREE "The Golden Secret To Unlock Your Riches" ebook at http://www.goldsilverexpert.com/freegoldreport.htm now.

The author, Daniel Su, is a professional currency and commodity trader who provides free premium gold trading tips and resources to help traders achieve their long term financial success.

Gold and Silver Trading Robot

Old is gold. Throughout human history, gold has been considered to be a precious thing. Kings and Queens would hoard this precious metals. Countries would measure their wealth in terms of the gold bullion they had. In the 19th century, world was on a gold standard. It is abandoned in the 20th century. But we might be again heading towards an unofficial gold standard now as US Dollar status as an international reserve currency comes into threat. Gold prices are rising as never seen before. Right now these prices are steady around $1,000 per ounce. But experts are predicting that these prices might go as high as $2,000 per ounce.

The reasons for this unprecedented bull market in gold and silver is the fact that investors are worried about the long term strength of US Dollar. Many wealthy investors are hedging into gold. When US Dollar gets weak, gold prices climb high as most of the investor taken refuge in this safe haven ultimate currency.

Most of the countries keep US Dollar as their international reserve currency for international trade and commerce. Now countries like China, Brazil, India and Russia have huge US Dollar reserves. These countries are converting these Dollar reserves into gold bullion in the international market. The supply of gold is limited. So this huge demand is driving the prices up in the market.

If you have been trading forex than the good news is that you can trade gold as well as silver on forex with the same broker. Many forex brokers allow you to trade these precious metals from the same trading platform.

The development of the Meta Trader 4 platform has revolutionized retail forex industry with the possibility of trading with an expert advisor or what you call a forex robot. These forex robots are in fact computer programs or software that run on the MT4 platform monitoring the market round the clock something a human cannot do.

Trading round the clock 24/5 is not possible for a human trader. But a forex robot can trade round the clock 24/5 without tiring and fatiguing monitoring the market all the time and only trading when the conditions are right for a high probability trade. With the passage of time, these robots are getting better and better.

Now, many people don't know this that spot trading gold and silver can be far more lucrative than spot trading forex. Silver is another precious metal that can rocket ten times faster than gold in the coming few years. Many forex brokers allow you to trade silver as well along with currencies, gold and oil. With these precious metals market in an unprecedented bull market, this the best time to trade these metals. Trend trading is what makes a fortune and you have a historic trend developing in these precious metals market right in front of you!

But many people don't know this fact that now you can spot trade gold and silver with a robot too just like forex. If you have been trading forex with a robot than you need to try these gold robots too!

Mr. Ahmad Hassam has done Masters from Harvard. Try this Universal Trading Robot Collection that can trade gold, silver and a host of other contracts! Read this shocking 40 page FRWC Brutal Truth FREE Report on trading robots!