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㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀䌀䌀䔀䰀䔀刀䄀吀䔀䐀 匀唀倀倀䰀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䜀漀氀搀 爀攀愀挀栀椀渀最 琀栀攀 洀愀爀欀攀琀 琀栀爀漀甀最栀 洀椀渀攀 栀攀搀最椀渀最 愀渀搀 昀椀渀愀渀挀攀 琀爀愀渀猀愀挀琀椀漀渀猀 戀攀昀漀爀攀 椀琀 椀猀 瀀栀礀猀椀挀愀氀氀礀 瀀爀漀搀甀挀攀搀 ⴀ 最攀渀攀爀愀氀氀礀 挀爀攀愀琀攀搀 戀礀 瀀爀漀搀甀挀攀爀 栀攀搀最椀渀最 漀爀 昀椀渀愀渀挀攀 琀爀愀渀猀愀挀琀椀漀渀猀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ACCOMMODATION TRADING | Non-competitive trading entered into by a trader, usually to assist another with illegal trades. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀䰀䤀儀唀伀吀ऀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 猀洀愀氀氀 爀攀瀀爀攀猀攀渀琀愀琀椀瘀攀 猀愀洀瀀氀攀 琀愀欀攀渀 昀爀漀洀 愀 最漀氀搀 戀愀爀 昀漀爀 愀猀猀愀礀 琀漀 搀攀琀攀爀洀椀渀攀 椀琀猀 昀椀渀攀 最漀氀搀 挀漀渀琀攀渀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ALLOCATED ACCOUNT | An account in which the client's metal is individually identified as his, and physically segregated from all the other gold in the vault; in the event of a default by the holding bank, the investor becomes a secured creditor. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀䰀䰀伀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 洀椀砀琀甀爀攀 漀昀 琀眀漀 漀爀 洀漀爀攀 挀栀攀洀椀挀愀氀 攀氀攀洀攀渀琀猀Ⰰ 椀渀挀氀甀搀椀渀最 愀琀 氀攀愀猀琀 漀渀攀 洀攀琀愀氀猀⸀ 䤀渀 琀栀攀 愀猀攀 漀昀 最漀氀搀Ⰰ 椀琀 椀猀 洀椀砀攀搀 眀椀琀栀 愀 戀愀猀攀爀 洀攀琀愀氀 漀爀 洀攀琀愀氀猀 琀漀 氀漀眀攀爀 琀栀攀 瀀甀爀椀琀礀Ⰰ 椀渀昀氀甀攀渀挀攀 琀栀攀 挀漀氀漀甀爀 漀爀 愀搀搀 搀甀爀愀戀椀氀椀琀礀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| AMALGAM | A mixture with mercury and silver, gold, copper or another metal, known since classical times. A major use is in dentistry |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀䴀䔀刀䤀䌀䄀一ⴀ匀吀夀䰀䔀 伀倀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀瀀琀椀漀渀 眀栀椀挀栀 挀愀渀 戀攀 攀砀攀爀挀椀猀攀搀 愀琀 愀渀礀 猀琀愀最攀 搀甀爀椀渀最 椀琀猀 氀椀昀攀Ⰰ 愀琀 漀爀 戀攀昀漀爀攀 攀砀瀀椀爀愀琀椀漀渀 搀愀琀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ANODES | Positively polarised electrodes in an electrolytic cell; copper content about 99.5%. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀一伀䐀䔀 匀䰀䤀䴀䔀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 瀀爀漀搀甀挀琀 漀昀 琀栀攀 挀漀瀀瀀攀爀 琀愀渀欀栀漀甀猀攀 眀栀椀挀栀 猀攀琀琀氀攀猀 漀渀 琀栀攀 戀漀琀琀漀洀 漀昀 愀渀 攀氀攀挀琀爀漀氀礀琀椀挀 挀攀氀氀 愀猀 琀栀攀 挀漀瀀瀀攀爀 愀渀漀搀攀猀 搀椀猀猀漀氀瘀攀 愀渀搀 眀栀椀挀栀 愀氀猀漀 愀搀栀攀爀攀猀 琀漀 琀栀攀 爀攀洀愀椀渀猀 漀昀 琀栀攀 愀渀漀搀攀猀⸀ 吀栀攀 瀀爀攀挀椀漀甀猀 愀渀搀 渀漀渀ⴀ猀漀氀甀戀氀攀 挀漀洀瀀漀渀攀渀琀猀 漀昀 琀栀攀 愀渀漀搀攀 愀爀攀 攀渀爀椀挀栀攀搀 椀渀 琀栀攀 愀渀漀搀攀 猀氀椀洀攀猀 ⠀攀⸀最⸀ 猀椀氀瘀攀爀Ⰰ 最漀氀搀Ⰰ 猀攀氀攀渀椀甀洀Ⰰ 氀攀愀搀⤀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ARBITRAGE | The purchase/sale of a contract on a market and the simultaneous taking of an equal and opposite position, usually on another market, to profit from discrepancies in the price and/or currencies involved." |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀匀䤀䄀一ⴀ匀吀夀䰀䔀 伀倀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀瀀琀椀漀渀 眀栀椀挀栀Ⰰ 椀昀 椀琀 攀砀瀀椀爀攀猀 椀渀ⴀ琀栀攀ⴀ洀漀渀攀礀Ⰰ 椀猀 愀甀琀漀洀愀琀椀挀愀氀氀礀 猀攀琀琀氀攀搀 漀渀 琀栀攀 戀愀猀椀猀 漀昀 琀栀攀 搀椀昀昀攀爀攀渀挀攀 戀攀琀眀攀攀渀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀 愀渀搀 琀栀攀 愀瘀攀爀愀最攀 瀀爀椀挀攀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 椀渀 愀 最椀瘀攀渀 瀀攀爀椀漀搀 瀀爀椀漀爀 琀漀 攀砀瀀椀爀愀琀椀漀渀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ASK | The price a seller asks for the commodity. (also see "offer") |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀匀匀䄀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 琀攀猀琀椀渀最 愀渀搀 攀瘀愀氀甀愀琀椀漀渀 漀昀 愀 洀攀琀愀氀 琀漀 搀攀琀攀爀洀椀渀攀 椀琀猀 昀椀渀攀渀攀猀猀 漀爀 瀀甀爀椀琀礀⸀ 吀栀攀爀攀 愀爀攀 漀昀琀攀渀 洀椀渀椀洀甀洀 猀琀愀渀搀愀爀搀猀 琀栀愀琀 洀甀猀琀 戀攀 洀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ASSAYER | A tester of precious metals to determine their purity. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀匀匀䄀夀 䴀䄀刀䬀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀琀愀洀瀀 戀礀 愀渀 愀猀猀愀礀攀爀 漀渀 愀 戀愀爀 漀爀 瀀椀攀挀攀 漀昀 瀀爀攀挀椀漀甀猀 洀攀琀愀氀 琀漀 最甀愀爀愀渀琀攀攀 椀琀猀 昀椀渀攀渀攀猀猀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| AT-THE-MONEY | Refers to an option in which the strike price which is equal to the current market price of the underlying asset. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䄀嘀䔀刀䄀䜀䔀 匀吀刀䤀䬀䔀 伀倀吀䤀伀一匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀猀椀愀渀ⴀ猀琀礀氀攀 漀瀀琀椀漀渀猀 眀栀攀爀攀 琀栀攀 甀氀琀椀洀愀琀攀 猀攀琀琀氀攀洀攀渀琀 搀攀瀀攀渀搀猀 漀渀 愀渀 愀瘀攀爀愀最攀 猀琀爀椀欀攀 瀀爀椀挀攀 爀愀琀栀攀爀 琀栀愀渀 愀渀 愀瘀攀爀愀最攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| AVERAGING | A method whereby a smoothing of the fluctuations in price movements may be achieved by agreeing to buy or sell a specified total quantity of gold or silver on the basis of the average price of the gold or silver fixings over an agreed period of time. |
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㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䈀∀㸀䈀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BACKWARDATION | When the price for immediate delivery of a commodity is higher than the price of delivery for a future date. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䄀匀䔀 䴀䔀吀䄀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀一漀渀ⴀ昀攀爀爀漀甀猀 洀攀琀愀氀Ⰰ 攀砀挀氀甀搀椀渀最 瀀爀攀挀椀漀甀猀 洀攀琀愀氀猀 ⠀匀攀攀 眀眀眀⸀戀愀猀攀洀攀琀愀氀猀⸀挀漀洀 昀漀爀 搀攀琀愀椀氀攀搀 甀瀀ⴀ琀漀ⴀ搀愀琀攀 渀攀眀猀 漀渀 愀氀氀 戀愀猀攀 洀攀琀愀氀猀⤀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BARRIER OPTION | An exotic option that either comes to life (is knocked-in) or is extinguished (knocked-out) under conditions stipulated in the options contract. The conditions are usually defined in terms of a price level (barrier, knock-out or knock-in price) that may be reached at any time during the lifetime of the option. There are four major types of barrier options: up-and-out, up-and-in, down-and-out and down-and-in. The extinguishing or activating features of these options mean they are usually cheaper than ordinary options, making them attractive to purchasers looking to avoid high premium. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䄀匀䤀匀 倀刀䤀䌀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 爀攀昀攀爀攀渀挀攀 瀀爀椀挀攀 甀猀攀搀 昀漀爀 攀猀琀愀戀氀椀猀栀椀渀最 愀 瀀栀礀猀椀挀愀氀 挀漀渀琀爀愀挀琀⸀ 䤀渀 漀瀀琀椀漀渀 琀爀愀搀椀渀最 椀琀 椀猀 琀栀攀 瀀爀椀挀攀 愀最爀攀攀搀 昀漀爀 琀栀攀 甀渀搀攀爀氀礀椀渀最 猀栀漀甀氀搀 愀渀 漀瀀琀椀漀渀 戀攀 搀攀挀氀愀爀攀搀Ⰰ 洀漀爀攀 挀漀洀洀漀渀氀礀 爀攀昀攀爀爀攀搀 琀漀 愀猀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀 漀爀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BE COPPER | Best electrolytic copper; features particular electrical conductivity, good brazing properties and excellent hydrogen resistance. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䰀䤀匀吀䔀刀 䌀伀倀倀䔀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀唀渀爀攀昀椀渀攀搀 瀀漀爀漀甀猀 挀漀瀀瀀攀爀⸀ 䴀漀氀琀攀渀 挀漀瀀瀀攀爀 愀戀猀漀爀戀猀 最愀猀攀猀 洀漀爀攀 攀愀猀椀氀礀 琀栀愀渀 挀漀瀀瀀攀爀 椀渀 猀漀氀椀搀 昀漀爀洀⸀ 䐀甀爀椀渀最 猀漀氀椀搀椀昀椀挀愀琀椀漀渀Ⰰ 搀椀猀猀漀氀瘀攀搀 最愀猀攀猀 椀渀 猀甀挀栀 挀漀瀀瀀攀爀 昀漀爀洀 猀洀愀氀氀 戀氀椀猀琀攀爀猀 椀渀 琀栀攀 挀漀瀀瀀攀爀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BEAR | Someone who anticipates that prices will fall. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䔀䄀刀 䌀䄀䰀䰀 匀倀刀䔀䄀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 漀昀 挀愀氀氀 漀瀀琀椀漀渀猀 愀琀 搀椀昀昀攀爀攀渀琀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀猀 戀甀琀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀瀀椀爀礀 搀愀琀攀⸀ 吀栀攀 瀀甀爀挀栀愀猀攀搀 ⠀漀爀 氀漀渀最⤀ 挀愀氀氀猀 栀愀瘀攀 愀 栀椀最栀攀爀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀 琀栀愀渀 琀栀攀 眀爀椀琀琀攀渀 ⠀漀爀 猀栀漀爀琀⤀ 挀愀氀氀猀⸀ 吀栀攀 椀渀瘀攀猀琀漀爀 攀砀瀀攀挀琀猀 愀 昀愀氀氀 椀渀 琀栀攀 瀀爀椀挀攀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BEAR MARKET | A market in which the trend is for prices to decline. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䔀䄀刀 倀唀吀 匀倀刀䔀䄀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 漀昀 瀀甀琀 漀瀀琀椀漀渀猀 愀琀 搀椀昀昀攀爀攀渀琀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀猀 戀甀琀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀瀀椀爀礀 搀愀琀攀⸀ 吀栀攀 瀀甀琀猀 瀀甀爀挀栀愀猀攀搀 栀愀瘀攀 愀 栀椀最栀攀爀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀 琀栀愀渀 琀栀攀 瀀甀琀猀 眀爀椀琀琀攀渀⸀ 吀栀攀 椀渀瘀攀猀琀漀爀 攀砀瀀攀挀琀猀 愀 昀愀氀氀 椀渀 琀栀攀 瀀爀椀挀攀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BETA | The beta of a rate or price is the extent to which that rate or price follows movements in the overall market. If the beta is greater than one, it is more volatile than the market; if the beta is less than one, it is less volatile. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䤀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀椀挀攀 愀琀 眀栀椀挀栀 愀 搀攀愀氀攀爀 椀猀 眀椀氀氀椀渀最 琀漀 戀甀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BLACK-SCHOLES MODEL | An option-pricing model initially derived by Fischer Black and Myron Scholes in 1973 for securities options and later refined by Black in 1976 for options on futures. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀䰀䄀匀吀 䘀唀刀一䄀䌀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 昀甀爀渀愀挀攀 眀栀攀爀攀 洀椀砀攀搀 挀栀愀爀最攀猀 漀昀 漀砀椀搀攀 漀爀 猀甀氀昀椀搀攀 漀爀攀猀 ⠀挀漀瀀瀀攀爀Ⰰ 椀爀漀渀Ⰰ 氀攀愀搀Ⰰ 琀椀渀Ⰰ 攀琀挀⸀⤀Ⰰ 昀氀甀砀攀猀 愀渀搀 昀甀攀氀猀 愀爀攀 戀氀漀眀渀 眀椀琀栀 愀 挀漀渀琀椀渀甀漀甀猀 戀氀愀猀琀 漀昀 栀漀琀 愀椀爀 愀渀搀 猀漀洀攀琀椀洀攀猀 漀砀礀最攀渀ⴀ攀渀爀椀挀栀攀搀 愀椀爀 琀漀 昀漀爀挀攀 挀漀洀戀甀猀琀椀漀渀 昀漀爀 琀栀攀 挀栀攀洀椀挀愀氀 爀攀搀甀挀琀椀漀渀 漀昀 漀爀攀猀 眀椀琀栀 洀攀琀愀氀猀 琀漀 琀栀攀椀爀 洀攀琀愀氀氀椀挀 猀琀愀琀攀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BORROWING | One form of carry. In this case the simultaneous buying of metal for a near dated prompt and the selling of that metal for a later dated prompt. In effect the party is borrowing the metal for the period. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀刀伀䬀䔀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 椀渀琀攀爀洀攀搀椀愀爀礀 戀攀琀眀攀攀渀 琀爀愀搀攀爀猀 昀漀爀 瀀栀礀猀椀挀愀氀Ⰰ 昀甀琀甀爀攀猀 愀渀搀 漀瘀攀爀ⴀ琀栀攀ⴀ挀漀甀渀琀攀爀 搀攀愀氀猀⸀ 䈀爀漀欀攀爀猀 爀攀挀攀椀瘀攀 愀 昀椀砀攀搀 挀漀洀洀椀猀猀椀漀渀 瀀爀攀搀攀琀攀爀洀椀渀攀搀 戀攀琀眀攀攀渀 琀栀攀 戀爀漀欀攀爀 愀渀搀 栀椀猀⼀栀攀爀 挀氀椀攀渀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BULL | Someone who anticipates that prices will rise. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀唀䰀䰀 䌀䄀䰀䰀 匀倀刀䔀䄀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 漀昀 挀愀氀氀 漀瀀琀椀漀渀猀 愀琀 搀椀昀昀攀爀攀渀琀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀猀 戀甀琀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀瀀椀爀礀 搀愀琀攀⸀ 吀栀攀 瀀甀爀挀栀愀猀攀搀 ⠀漀爀 氀漀渀最⤀ 挀愀氀氀猀 栀愀瘀攀 愀 氀漀眀攀爀 瀀爀椀挀攀 琀栀愀渀 琀栀攀 眀爀椀琀琀攀渀 ⠀漀爀 猀栀漀爀琀⤀ 挀愀氀氀猀⸀ 吀栀攀 椀渀瘀攀猀琀漀爀 攀砀瀀攀挀琀猀 愀 爀椀猀攀 椀渀 琀栀攀 瀀爀椀挀攀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BULL MARKET | A market in which the trend is for prices to increase. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀唀䰀䰀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 最攀渀攀爀椀挀 眀漀爀搀 昀漀爀 最漀氀搀 愀渀搀 猀椀氀瘀攀爀 椀渀 戀愀爀 漀爀 椀渀最漀琀 昀漀爀洀⸀ 伀爀椀最椀渀愀氀氀礀 洀攀愀渀琀 ᠀洠椀渀琀ᤀ†漀爀 ᠀洠攀氀琀椀渀最 瀀氀愀挀攀ᤀ†昀爀漀洀 琀栀攀 漀氀搀 䘀爀攀渀挀栀 眀漀爀搀 戀漀甀椀氀氀漀渀Ⰰ 眀栀椀挀栀 洀攀愀渀猀 戀漀椀氀椀渀最⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BULL PUT SPREAD | The purchase and sale of put options at different exercise prices but with the same expiry date. The puts purchased have a lower exercise price than the puts written. The investor expects the price of the underlying asset to rise. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀唀吀吀䔀刀䘀䰀夀 匀倀刀䔀䄀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀椀洀甀氀琀愀渀攀漀甀猀 瀀甀爀挀栀愀猀攀 漀昀 愀渀 漀甀琀ⴀ漀昀ⴀ琀栀攀ⴀ洀漀渀攀礀 猀琀爀愀渀最氀攀 愀渀搀 猀愀氀攀 漀昀 愀渀 愀琀ⴀ琀栀攀ⴀ洀漀渀攀礀ⴀ猀琀爀愀搀搀氀攀⸀ 吀栀攀 戀甀礀攀爀 瀀爀漀昀椀琀猀 椀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 爀攀洀愀椀渀猀 猀琀愀戀氀攀 愀渀搀 栀愀猀 氀椀洀椀琀攀搀 爀椀猀欀 椀渀 琀栀攀 攀瘀攀渀琀 漀昀 愀 氀愀爀最攀 洀漀瘀攀 椀渀 攀椀琀栀攀爀 搀椀爀攀挀琀椀漀渀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BUY | To place an opening trade at the offer price of a spread in anticipation of the underlying market rising, commonly referred to as an "up trade", "taking a long position", or "going long". You can also buy at the offer price to close an existing short position. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䈀唀夀 匀䤀䜀一䄀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀攀挀栀渀椀挀愀氀 愀渀愀氀礀猀椀猀Ⰰ 愀 挀栀愀爀琀 瀀愀琀琀攀爀渀 眀栀椀挀栀 椀渀搀椀挀愀琀攀猀 愀 欀攀礀 爀攀瘀攀爀猀愀氀 甀瀀眀愀爀搀猀 椀渀 瀀爀椀挀攀 愀渀搀 琀栀攀 琀椀洀攀 琀漀 戀甀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| BY-PRODUCT | Material of some economic value produced in a process which is focused on extracting another material. For example palladium is produced as a by-product of platinum mining in South Africa. |
ऀऀऀऀഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䌀∀㸀䌀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀऀऀऀഀഀ
| C & F | Cost and freight, whereby the quoted price for physical material includes all costs incurred in shipping the metal to the customer’s location but not including insurance. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䈀伀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䌀栀椀挀愀最漀 䈀漀愀爀搀 漀昀 吀爀愀搀攀 ⠀䌀䈀伀吀⤀⸀ 䄀渀 攀砀挀栀愀渀最攀 眀栀攀爀攀 最爀愀椀渀Ⰰ 最漀氀搀Ⰰ 愀渀搀 吀爀攀愀猀甀爀礀 䈀漀渀搀 昀甀琀甀爀攀猀 愀渀搀 漀瀀琀椀漀渀猀 愀爀攀 琀爀愀搀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CIF | Cost, insurance and freight, whereby the quoted price for physical material includes all costs incurred in shipping the metal to the customer’s location including insurance. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䄀䰀䔀一䐀䄀刀 匀倀刀䔀䄀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀椀洀甀氀琀愀渀攀漀甀猀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 ⠀漀爀 瘀椀挀攀 瘀攀爀猀愀⤀ 漀昀 愀渀 漀瀀琀椀漀渀 漀昀 琀栀攀 猀愀洀攀 猀琀爀椀欀攀 昀漀爀 搀椀昀昀攀爀攀渀琀 洀漀渀琀栀猀⸀ऀऀऀ㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CALL OPTION | A contract that gives the holder the right, but not the obligation, to buy metal futures at a set price (the strike price) on a given date. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䄀刀刀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀椀洀甀氀琀愀渀攀漀甀猀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 漀昀 琀栀攀 猀愀洀攀 琀漀渀渀愀最攀 漀昀 琀栀攀 猀愀洀攀 洀攀琀愀氀 昀漀爀 搀攀氀椀瘀攀爀礀 漀渀 搀椀昀昀攀爀攀渀琀 搀愀琀攀猀⸀ 匀攀攀 ∀戀漀爀爀漀眀椀渀最∀ 愀渀搀 ∀氀攀渀搀椀渀最∀⸀ ऀऀऀ㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CASH PRICE | The current price in the market for cash/spot contracts. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䄀吀䄀䰀夀匀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䌀愀琀愀氀礀猀琀猀 愀爀攀 猀甀戀猀琀愀渀挀攀猀 眀栀椀挀栀 琀栀爀漀甀最栀 琀栀攀椀爀 瀀爀攀猀攀渀挀攀 椀渀昀氀甀攀渀挀攀 ⠀椀渀挀爀攀愀猀攀⤀ 琀栀攀 瀀爀漀挀攀猀猀 爀愀琀攀猀 漀昀 挀栀攀洀椀挀愀氀 爀攀愀挀琀椀漀渀猀 愀渀搀 愀昀琀攀爀 挀漀洀瀀氀攀琀椀漀渀 漀昀 琀栀攀 爀攀愀挀琀椀漀渀 愀爀攀 猀琀椀氀氀 椀渀 愀渀 甀渀挀栀愀渀最攀搀 昀漀爀洀⸀ 䤀渀 琀栀攀漀爀礀Ⰰ 愀 挀愀琀愀氀礀猀琀 椀猀 渀漀琀 挀漀渀猀甀洀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CATHODE | The negative pole in electrolysis. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䔀䤀䰀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 爀攀挀漀最渀椀猀攀搀 栀椀最栀 瀀漀椀渀琀 椀渀 洀愀爀欀攀琀 瀀爀椀挀攀猀⸀ 吀栀椀猀 洀愀礀 戀攀 愀 瀀漀椀渀琀 琀栀攀 洀愀爀欀攀琀 搀漀攀猀 渀漀琀 攀砀瀀攀挀琀 琀栀攀 瀀爀椀挀攀 琀漀 攀砀挀攀攀搀Ⰰ 琀栀攀 栀椀最栀攀猀琀 瀀爀椀挀攀 愀挀栀椀攀瘀攀搀 戀攀昀漀爀攀 琀栀攀 洀愀爀欀攀琀 搀攀挀氀椀渀攀猀 漀爀 愀 氀攀瘀攀氀 猀攀琀 戀礀 愀 挀甀猀琀漀洀攀爀 愀猀 愀 洀愀砀椀洀甀洀 瀀爀椀挀攀 琀漀 戀攀 瀀愀椀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CFTC | Commodity Futures Trading Commission, the regulatory body in the US covering futures markets |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䰀䔀䄀刀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀漀挀攀猀猀 漀昀 爀攀最椀猀琀攀爀椀渀最 愀渀搀 最甀愀爀愀渀琀攀攀椀渀最 琀栀攀 昀椀渀愀渀挀椀愀氀 猀攀琀琀氀攀洀攀渀琀 漀昀 昀甀琀甀爀攀猀 愀渀搀 漀瀀琀椀漀渀猀 琀爀愀渀猀愀挀琀椀漀渀猀 愀渀搀 琀栀攀 猀攀琀琀氀椀渀最 漀昀 搀椀昀昀攀爀攀渀挀攀猀 戀攀琀眀攀攀渀 挀氀攀愀爀椀渀最 洀攀洀戀攀爀猀⸀ऀऀऀ㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CLIENT CONTRACT | A contract between a broker member and its customer. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀䰀伀匀䔀 ⠀伀唀吀⤀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀漀 甀渀搀攀爀琀愀欀攀 愀渀 漀瀀瀀漀猀椀琀攀 瀀漀猀椀琀椀漀渀Ⰰ 椀⸀攀⸀ 椀昀 琀栀攀 椀渀椀琀椀愀氀 琀爀愀渀猀愀挀琀椀漀渀 眀愀猀 愀 瀀甀爀挀栀愀猀攀Ⰰ 琀栀攀 挀氀漀猀椀渀最 漀甀琀 愀挀琀椀瘀椀琀礀 椀猀 琀漀 猀攀氀氀 琀栀攀 猀愀洀攀 琀漀渀渀愀最攀 昀漀爀 琀栀攀 猀愀洀攀 瀀爀漀洀瀀琀 搀愀琀攀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| COMEX | The New York Commodity Exchange, now a division of NYMEX, the New York Mercantile Exchange. The contracts in the COMEX gold market consist of 100 ounces each, and the actively traded contracts are the even months of the year. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀䴀䴀䔀刀䌀䤀䄀䰀 匀䤀䰀嘀䔀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀匀椀氀瘀攀爀 琀栀愀琀 椀猀 ⸀㤀㤀㤀 昀椀渀攀 ⠀㤀㤀⸀㤀─⤀ 漀爀 栀椀最栀攀爀Ⰰ 甀猀甀愀氀氀礀 猀漀氀搀 愀渀搀 猀栀椀瀀瀀攀搀 椀渀 漀稀⸀ 戀愀爀猀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| COMMISSION | Fee charged by a broker for executing an order |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀䴀䴀伀䐀䤀吀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀刀愀眀 洀愀琀攀爀椀愀氀猀 琀栀愀琀 挀愀渀 戀攀 戀漀甀最栀琀 愀渀搀 猀漀氀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CONCENTRATING | The process of separating milled ore into two streams; one greatly enriched in the valuable mineral (concentrate) and another of waste material (tailings). Concentration is a vital economic step in the production process because it reduces the volume of material which must be transported to and processed in a smelter and refinery. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀一匀䤀䜀一䴀䔀一吀 匀吀伀䌀䬀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 戀甀氀氀椀漀渀 搀攀愀氀攀爀 洀愀礀 栀漀氀搀 最漀氀搀 漀渀 挀漀渀猀椀最渀洀攀渀琀 愀琀 愀 挀氀椀攀渀琀✀猀 瀀爀攀洀椀猀攀猀⸀ 䤀琀 椀猀 琀栀攀 搀攀愀氀攀爀✀猀 瀀爀漀瀀攀爀琀礀 甀渀琀椀氀 琀栀攀 挀氀椀攀渀琀 眀椀琀栀搀爀愀眀猀 椀琀 愀渀搀 瀀愀礀猀 琀栀攀 瀀爀攀瘀愀椀氀椀渀最 瀀爀椀挀攀⸀ 䄀氀琀攀爀渀愀琀椀瘀攀氀礀Ⰰ 椀琀 洀愀礀 戀攀 栀攀氀搀 戀礀 琀栀攀 搀攀愀氀攀爀 愀琀 氀漀挀愀氀 戀愀渀欀猀 甀渀琀椀氀 琀栀攀 挀氀椀攀渀琀猀 挀漀洀攀 昀漀爀眀愀爀搀 琀漀 瀀甀爀挀栀愀猀攀 愀渀搀 琀愀欀攀 搀攀氀椀瘀攀爀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CONSUMER'S HEDGE | The purchase of futures or options on futures or both as protection against a rise in raw material prices |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀一吀䄀一䜀伀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䴀愀爀欀攀琀 猀椀琀甀愀琀椀漀渀 眀栀攀渀 愀 渀攀愀爀戀礀 瀀爀椀挀攀 椀猀 氀漀眀攀爀 琀栀愀渀 愀 昀甀爀琀栀攀爀 昀漀爀眀愀爀搀 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CONVERTER | A furnace in which metal production or refining processes are typically carried out through oxidation. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀倀倀䔀刀 䌀伀一䌀䔀一吀刀䄀吀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 瀀爀漀搀甀挀琀 爀攀猀甀氀琀椀渀最 昀爀漀洀 琀栀攀 瀀爀漀挀攀猀猀椀渀最 ⠀攀渀爀椀挀栀椀渀最⤀ 漀昀 挀漀瀀瀀攀爀 漀爀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CORNER | When one operator owns or controls an excessive amount of stocks enabling them to control the supply of material and in consequence to control the price. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䌀伀嘀䔀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀漀 猀攀氀氀 愀 氀漀渀最 瀀漀猀椀琀椀漀渀Ⰰ 漀爀 戀甀礀 戀愀挀欀 愀 猀栀漀爀琀 瀀漀猀椀琀椀漀渀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| CROSS TRADE | A trade between a broker and its customer, which is not revealed to the rest of the market but for registration purposes it is entered in the matching process by the clearing member as a buy and sell contract to and from itself. |
ऀഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䐀∀㸀䐀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| DAILY PRICE LIMIT | The maximum price, increase/decrease, permitted from the previous day's settlement price. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀䄀夀 伀刀䐀䔀刀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀爀搀攀爀 琀漀 戀甀礀 漀爀 猀攀氀氀 愀琀 愀 瀀愀爀琀椀挀甀氀愀爀 瀀爀椀挀攀 氀攀瘀攀氀 眀栀椀挀栀 椀猀 漀渀氀礀 瘀愀氀椀搀 昀漀爀 漀渀攀 戀甀猀椀渀攀猀猀 搀愀礀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DECLARATION DATE | The last date on which the holder of an option may advise the grantor of his intention to exercise the option. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀䔀䘀䔀刀刀䔀䐀 匀䔀吀吀䰀䔀䴀䔀一吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 猀椀琀甀愀琀椀漀渀 椀渀 眀栀椀挀栀 琀栀攀 猀攀琀琀氀攀洀攀渀琀 漀昀 愀 戀甀氀氀椀漀渀 洀愀爀欀攀琀 挀漀渀琀爀愀挀琀 椀猀 搀攀昀攀爀爀攀搀 戀礀 洀甀琀甀愀氀 愀最爀攀攀洀攀渀琀 漀渀 愀 搀愀椀氀礀 戀愀猀椀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DELTA | The rate of change to the premium of an option as the underlying price changes. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀䔀䰀吀䄀 䠀䔀䐀䜀䤀一䜀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 猀琀爀愀琀攀最礀 甀渀搀攀爀琀愀欀攀渀 戀礀 最爀愀渀琀攀爀猀 漀昀 漀瀀琀椀漀渀猀 琀漀 瀀爀漀琀攀挀琀 琀栀攀椀爀 攀砀瀀漀猀甀爀攀⸀ 䄀 搀攀氀琀愀 栀攀搀最攀 挀愀氀挀甀氀愀琀椀漀渀 琀愀欀攀猀 椀渀琀漀 愀挀挀漀甀渀琀 挀栀愀渀最攀猀 椀渀 琀栀攀 猀瀀漀琀 瀀爀椀挀攀Ⰰ 琀栀攀 琀椀洀攀 琀漀 攀砀瀀椀爀礀 愀渀搀 琀栀攀 搀椀昀昀攀爀攀渀挀攀 戀攀琀眀攀攀渀 琀栀攀 猀琀爀椀欀攀 愀渀搀 猀瀀漀琀 瀀爀椀挀攀猀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DERIVATIVE | The collective term for a future or call or a put option the price of which is derived form the value of the underlying metal. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀䤀匀匀䔀䴀䤀一䄀吀䔀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀攀爀洀 愀瀀瀀氀椀攀搀 琀漀 漀爀攀 搀攀瀀漀猀椀琀猀 挀漀渀猀椀猀琀椀渀最 漀昀 昀椀渀攀 最爀愀椀渀猀 漀昀 漀爀攀 洀椀渀攀爀愀氀 搀椀猀瀀攀爀猀攀搀 琀栀爀漀甀最栀 琀栀攀 栀漀猀琀 爀漀挀欀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DIVIDEND | A cash bonus or other distribution made by a company to its shareholders and applicable to every share that they hold in relation to that company. Spread bets in relation to individual equities do not qualify for dividends. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀䜀䌀堀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䐀甀戀愀椀 䜀漀氀搀 愀渀搀 䌀漀洀洀漀搀椀琀椀攀猀 䔀砀挀栀愀渀最攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DORE | A gold-silver alloy, an intermediate product from certain gold mines." |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䐀伀唀䈀䰀䔀 䈀伀吀吀伀䴀⼀䐀伀唀䈀䰀䔀 吀伀倀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀攀挀栀渀椀挀愀氀 愀渀愀氀礀猀椀猀Ⰰ 愀 搀漀甀戀氀攀 戀漀琀琀漀洀 漀挀挀甀爀猀 眀栀攀渀 琀栀攀 瀀爀椀挀攀 昀愀氀氀猀 琀漀 琀栀攀 猀愀洀攀 氀攀瘀攀氀 琀眀椀挀攀 愀渀搀 昀愀椀氀猀 琀漀 瀀攀渀攀琀爀愀琀攀⸀ 吀栀椀猀 猀椀最渀愀氀猀 最漀漀搀 猀甀瀀瀀漀爀琀⸀ 䄀 搀漀甀戀氀攀 琀漀瀀 椀猀 琀栀攀 漀瀀瀀漀猀椀琀攀Ⰰ 椀攀Ⰰ 眀栀攀渀 愀 瀀爀椀挀攀 爀椀猀攀猀 琀漀 琀栀攀 猀愀洀攀 氀攀瘀攀氀 琀眀椀挀攀 愀渀搀 昀愀椀氀猀 琀漀 戀爀攀愀欀 愀戀漀瘀攀 椀琀Ⰰ 愀渀搀 琀栀攀爀攀昀漀爀攀 瀀爀漀搀甀挀攀猀 愀 氀攀瘀攀氀 漀昀 最漀漀搀 爀攀猀椀猀琀愀渀挀攀⸀∀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| DOWN TRADE | See "sell" |
ऀഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䔀∀㸀䔀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| EFP | Exchange For Physical. Actual exchange between an OTC contract and a futures contract which takes place off exchange between parties. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䔀唀刀伀倀䔀䄀一ⴀ匀吀夀䰀䔀 伀倀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀瀀琀椀漀渀 琀栀愀琀 挀愀渀 漀渀氀礀 戀攀 攀砀攀爀挀椀猀攀搀 漀渀 琀栀攀 攀砀瀀椀爀礀 搀愀琀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| EXCHANGE TRADED OPTIONS | Options on future contracts offered by a recognised futures exchange, such as NYMEX. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䔀堀䔀刀䌀䤀匀䔀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 椀渀椀琀椀愀琀椀漀渀 漀昀 琀栀攀 爀椀最栀琀 琀漀 戀甀礀 ⠀挀愀氀氀⤀ 漀爀 猀攀氀氀 ⠀瀀甀琀⤀ 愀渀 愀猀猀攀琀 戀礀 琀栀攀 漀瀀琀椀漀渀 栀漀氀搀攀爀 愀琀 琀栀攀 愀最爀攀攀搀 猀琀爀椀欀攀 瀀爀椀挀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| EXERCISE PRICE (STRIKE) | The value of the underlying futures contract determined at the time of purchasing an option. Hence the price achieved if the option is exercised. |
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㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䘀∀㸀䘀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| FABRICATOR | A company that processes refined (cathodes, ingots, billet etc) or semi-fabricated (extrusions, sheet metal etc) metal to produce products for sale to end consumers. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀䄀䌀䔀 嘀䄀䰀唀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 渀漀洀椀渀愀氀 瘀愀氀甀攀 最椀瘀攀渀 琀漀 氀攀最愀氀 琀攀渀搀攀爀 挀漀椀渀 漀爀 挀甀爀爀攀渀挀礀 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FAIR VALUE | The theoretical price at which a futures contract would be expected to trade. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀䤀一䔀一䔀匀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀漀瀀漀爀琀椀漀渀 漀昀 瀀爀攀挀椀漀甀猀 洀攀琀愀氀 椀渀 愀渀 愀氀氀漀礀 攀砀瀀爀攀猀猀攀搀 愀猀 瀀愀爀琀猀 椀渀 Ⰰ 㬀 琀栀甀猀 㤀㤀㔀 漀爀 琀眀漀 渀椀渀攀猀 昀椀瘀攀 椀猀 㤀㤀㔀⼀ 漀爀 㤀㤀⸀㔀─ 瀀甀爀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FINE WEIGHT | The weight of gold contained in a bar, coin or bullion as determined by multiplying the gross weight by the fineness. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀䤀堀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 䰀漀渀搀漀渀 最漀氀搀 昀椀砀椀渀最 琀愀欀攀猀 瀀氀愀挀攀 琀眀椀挀攀 搀愀椀氀礀 ⠀ ⸀㌀ 愀洀 愀渀搀 ㌀⸀ 瀀洀⤀ 漀瘀攀爀 琀栀攀 琀攀氀攀瀀栀漀渀攀 愀渀搀 猀攀琀猀 愀 瀀爀椀挀攀 愀琀 眀栀椀挀栀 愀氀氀 欀渀漀眀渀 漀爀搀攀爀猀 琀漀 戀甀礀 愀渀搀 猀攀氀氀 最漀氀搀 漀渀 愀 猀瀀漀琀 戀愀猀椀猀 愀琀 琀栀攀 琀椀洀攀 漀昀 琀栀攀 昀椀砀 挀愀渀 戀攀 猀攀琀琀氀攀搀⸀ 吀栀攀 昀椀砀 椀猀 眀椀搀攀氀礀 甀猀攀搀 愀猀 琀栀攀 戀攀渀挀栀洀愀爀欀 昀漀爀 猀瀀漀琀 琀爀愀渀猀愀挀琀椀漀渀猀 琀栀爀漀甀最栀漀甀琀 琀栀攀 洀愀爀欀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FLAG | In technical analysis, one of the basic chart patterns. In a bull market a flag occurs when prices consolidate for a period then continue to rise. In a bear market the converse occurs, ie, prices resume falling after a period of consolidation. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀䰀䄀吀 刀䄀吀䔀 䘀伀刀圀䄀刀䐀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䘀漀爀眀愀爀搀 挀漀渀琀爀愀挀琀猀 漀昀昀攀爀椀渀最 愀 挀漀渀猀琀愀渀琀 挀漀渀琀愀渀最漀 琀栀爀漀甀最栀漀甀琀 琀栀攀 氀椀昀攀 漀昀 琀栀攀 挀漀渀琀爀愀挀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FLOAT/ FLOTATION | The first public offering of a company's shares or securities on a regulated exchange. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀䰀伀伀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 爀攀挀漀最渀椀猀攀搀 氀漀眀 瀀漀椀渀琀 椀渀 洀愀爀欀攀琀 瀀爀椀挀攀猀⸀ 吀栀椀猀 洀愀礀 戀攀 愀 瀀漀椀渀琀 琀栀攀 洀愀爀欀攀琀 搀漀攀猀 渀漀琀 攀砀瀀攀挀琀 琀栀攀 瀀爀椀挀攀 琀漀 昀愀氀氀 戀攀氀漀眀Ⰰ 琀栀攀 氀漀眀攀猀琀 瀀爀椀挀攀 愀挀栀椀攀瘀攀搀 戀攀昀漀爀攀 琀栀攀 洀愀爀欀攀琀 爀椀猀攀猀 漀爀 愀 氀攀瘀攀氀 猀攀琀 戀礀 愀 挀甀猀琀漀洀攀爀 愀猀 愀 洀椀渀椀洀甀洀 猀攀氀氀椀渀最 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FOB | Free on Board. A FOB price usually includes cost of transport, insurance and loading onto a vessel at the port of departure." |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀伀刀圀䄀刀䐀 倀刀䔀䴀䤀唀䴀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 搀椀昀昀攀爀攀渀挀攀 戀攀琀眀攀攀渀 猀瀀漀琀 愀渀搀 昀漀爀眀愀爀搀 焀甀漀琀愀琀椀漀渀猀 眀栀椀挀栀 眀椀氀氀 戀攀 搀攀琀攀爀洀椀渀攀搀 戀礀 洀漀渀攀礀 愀渀搀 瀀爀攀挀椀漀甀猀 洀攀琀愀氀 椀渀琀攀爀攀猀琀 爀愀琀攀猀 愀渀搀 猀琀漀爀愀最攀 挀栀愀爀最攀猀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FORWARD TRANSACTION | Purchase or sale for delivery and payment at an agreed date in the future |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䘀唀一䐀䄀䴀䔀一吀䄀䰀 䄀一䄀䰀夀匀䤀匀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀琀甀搀礀 漀昀 戀愀猀椀挀 甀渀搀攀爀氀礀椀渀最 昀愀挀琀漀爀猀 眀栀椀挀栀 眀椀氀氀 愀昀昀攀挀琀 琀栀攀 猀甀瀀瀀氀礀 愀渀搀 搀攀洀愀渀搀 漀昀 琀栀攀 挀漀洀洀漀搀椀琀礀 戀攀椀渀最 琀爀愀搀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| FUTURES CONTRACT | An agreement to buy or sell a specific commodity or financial instrument on a set date in the future at a set price. |
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㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䜀∀㸀䜀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| GAMMA | The sensitivity of an option's delta to changes in the price of the underlying instrument |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䜀䄀倀 吀䠀刀伀唀䜀䠀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀圀栀攀渀 愀 洀愀爀欀攀琀 漀瀀攀渀猀 漀爀 琀爀愀搀攀猀 琀栀爀漀甀最栀 琀栀攀 猀瀀攀挀椀昀椀攀搀 氀攀瘀攀氀 漀昀 愀 洀愀爀欀攀琀 漀爀搀攀爀 眀椀琀栀漀甀琀 愀挀琀甀愀氀氀礀 琀爀愀搀椀渀最 愀琀 琀栀攀 瀀爀椀挀攀 漀昀 琀栀攀 洀愀爀欀攀琀 漀爀搀攀爀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| GOFO | Gold Forward Offered Rate. The gold equivalent to LIBOR. The rates at which dealers will lend gold on swap against US dollars. |
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| GOLD WARRANT | 1. A warrant giving the buyer the right to buy gold at a specific price on a specified value date, for which the buyer pays a premium. While similar in structure to options, warrants are securitised instruments." |
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| GOOD DELIVERY BARS | Also referred to as large bars, the ingots that conform to London Good Delivery standard |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䜀伀伀䐀 䐀䔀䰀䤀嘀䔀刀夀 匀吀䄀一䐀䄀刀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀瀀攀挀椀昀椀挀愀琀椀漀渀 琀漀 眀栀椀挀栀 愀 最漀氀搀 戀愀爀 洀甀猀琀 挀漀渀昀漀爀洀 椀渀 漀爀搀攀爀 琀漀 戀攀 愀挀挀攀瀀琀愀戀氀攀 漀渀 愀 挀攀爀琀愀椀渀 洀愀爀欀攀琀 漀爀 攀砀挀栀愀渀最攀⸀ 䜀漀漀搀 搀攀氀椀瘀攀爀礀 昀漀爀 琀栀攀 䰀漀渀搀漀渀 䈀甀氀氀椀漀渀 䴀愀爀欀攀琀 椀猀 琀栀攀 椀渀琀攀爀渀愀琀椀漀渀愀氀氀礀 愀挀挀爀攀搀椀琀攀搀 最漀漀搀 搀攀氀椀瘀攀爀礀 猀琀愀渀搀愀爀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| GRADE | The mass of desired metal(s) in a given mass of ore. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䜀刀䄀䤀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀伀渀攀 漀昀 琀栀攀 攀愀爀氀椀攀猀琀 甀渀椀琀猀 漀昀 眀攀椀最栀琀 昀漀爀 最漀氀搀⸀ 最爀愀椀渀 㴀 ⸀ 㘀㐀㠀 最爀愀洀猀 漀爀 ⸀ ㈀ 㠀㌀ 琀爀漀礀 漀甀渀挀攀猀⸀ 㔀⸀㐀㌀ 最爀愀椀渀猀 㴀 最爀愀洀㬀 㐀㠀 ⸀㘀 最爀愀椀渀猀 㴀 琀爀漀礀 漀甀渀挀攀㬀 ㈀㐀 最爀愀椀渀猀 㴀 瀀攀渀渀礀眀攀椀最栀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| GTC (GOOD 'TIL CANCELLED) | Applicable to market orders, it signifies that the order will be open and carried forward indefinitely until it is either filled or cancelled by the client. |
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| H |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䠀䄀䤀刀䌀唀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 挀漀洀瀀甀琀椀渀最 琀栀攀 瘀愀氀甀攀 漀昀 愀猀猀攀琀猀 昀漀爀 瀀甀爀瀀漀猀攀猀 漀昀 挀愀瀀椀琀愀氀Ⰰ 猀攀最爀攀最愀琀椀漀渀Ⰰ 漀爀 洀愀爀最椀渀 爀攀焀甀椀爀攀洀攀渀琀猀Ⰰ 愀 瀀攀爀挀攀渀琀愀最攀 爀攀搀甀挀琀椀漀渀 昀爀漀洀 琀栀攀 猀琀愀琀攀搀 瘀愀氀甀攀 ⠀攀⸀最⸀Ⰰ 戀漀漀欀 瘀愀氀甀攀 漀爀 洀愀爀欀攀琀 瘀愀氀甀攀⤀ 琀漀 愀挀挀漀甀渀琀 昀漀爀 瀀漀猀猀椀戀氀攀 搀攀挀氀椀渀攀猀 椀渀 瘀愀氀甀攀 琀栀愀琀 洀愀礀 漀挀挀甀爀 戀攀昀漀爀攀 愀猀猀攀琀猀 挀愀渀 戀攀 氀椀焀甀椀搀愀琀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| HALLMARK | A mark or number of marks made on gold or silver jewellery and other fabricated products to confirm that the quality is of the carat fineness marked on the item. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䠀䔀䄀䐀 䄀一䐀 匀䠀伀唀䰀䐀䔀刀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 琀栀爀攀攀ⴀ瀀攀愀欀 瀀愀琀琀攀爀渀 爀攀猀攀洀戀氀椀渀最 琀栀攀 栀攀愀搀 愀渀搀 猀栀漀甀氀搀攀爀猀 漀甀琀氀椀渀攀 漀昀 愀 瀀攀爀猀漀渀Ⰰ 眀栀椀挀栀 椀猀 甀猀攀搀 琀漀 挀栀愀爀琀 猀琀漀挀欀 愀渀搀 挀漀洀洀漀搀椀琀礀 瀀爀椀挀攀 琀爀攀渀搀猀⸀ 吀栀攀 瀀愀琀琀攀爀渀 椀渀搀椀挀愀琀攀猀 琀栀攀 爀攀瘀攀爀猀愀氀 漀昀 愀 琀爀攀渀搀⸀ 䄀猀 瀀爀椀挀攀猀 洀漀瘀攀 搀漀眀渀 琀漀 琀栀攀 爀椀最栀琀 猀栀漀甀氀搀攀爀Ⰰ 愀 栀攀愀搀 愀渀搀 猀栀漀甀氀搀攀爀猀 琀漀瀀 椀猀 昀漀爀洀攀搀Ⰰ 洀攀愀渀椀渀最 琀栀愀琀 瀀爀椀挀攀猀 猀栀漀甀氀搀 戀攀 昀愀氀氀椀渀最⸀ 䄀 爀攀瘀攀爀猀攀 栀攀愀搀 愀渀搀 猀栀漀甀氀搀攀爀猀 瀀愀琀琀攀爀渀 栀愀猀 琀栀攀 栀攀愀搀 昀漀爀洀愀琀椀漀渀 愀琀 琀栀攀 戀漀琀琀漀洀 漀昀 琀栀攀 挀栀愀爀琀 愀渀搀 洀攀愀渀猀 琀栀愀琀 瀀爀椀挀攀猀 猀栀漀甀氀搀 戀攀 爀椀猀椀渀最⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| HEDGE | A transaction entered into in order to offset the impact of adverse price movements of an asset. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䠀䤀䜀䠀 䜀刀䄀䐀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 戀攀猀琀 漀爀 爀椀挀栀攀猀琀 漀爀攀 椀渀 愀 搀攀瀀漀猀椀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| HOLDER | The buyer of an option, more commonly referred to as the taker. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䠀伀唀匀䔀 䄀䌀䌀伀唀一吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 愀挀挀漀甀渀琀 搀攀猀椀最渀愀琀攀搀 昀漀爀 琀栀攀 戀爀漀欀攀爀猀 漀眀渀 琀爀愀渀猀愀挀琀椀漀渀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
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| I |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䤀一ⴀ吀䠀䔀ⴀ䴀伀一䔀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 琀攀爀洀 甀猀攀搀 琀漀 搀攀猀挀爀椀戀攀 愀渀 漀瀀琀椀漀渀 挀漀渀琀爀愀挀琀 琀栀愀琀 椀猀 猀栀漀眀椀渀最 愀 瀀爀漀昀椀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| INGOT | A form of metal bar, often a preferred form for delivery. Derived from casting into a simple shape for hot working or remelting. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䤀一䤀吀䤀䄀䰀 䐀䔀倀伀匀䤀吀⼀䴀䄀刀䜀䤀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䘀甀渀搀猀 瀀甀琀 甀瀀 愀猀 猀攀挀甀爀椀琀礀 昀漀爀 琀栀攀 最甀愀爀愀渀琀攀攀 漀昀 琀栀攀 挀漀渀琀爀愀挀琀 昀甀氀昀椀氀洀攀渀琀 愀琀 琀栀攀 戀攀最椀渀渀椀渀最 漀昀 愀 昀甀琀甀爀攀猀 漀爀 漀瀀琀椀漀渀猀 挀漀渀琀爀愀挀琀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| INTEGRATED PRODUCER | A producer who also owns the smelting and semi-fabricating facilities. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䤀一吀䔀刀䔀匀吀 夀䤀䔀䰀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀栀攀 挀漀渀琀攀砀琀 漀昀 琀栀攀 䰀䴀䔀Ⰰ 椀渀琀攀爀攀猀琀 礀椀攀氀搀 爀攀昀攀爀猀 琀漀 琀栀攀 瀀爀漀昀椀琀 攀愀爀渀攀搀 戀礀 戀漀爀爀漀眀椀渀最 洀攀琀愀氀 椀渀 愀 挀漀渀琀愀渀最漀 洀愀爀欀攀琀Ⰰ 猀漀洀攀琀椀洀攀猀 最椀瘀椀渀最 琀栀攀 甀猀攀爀 愀 最爀攀愀琀攀爀 爀攀琀甀爀渀 琀栀愀渀 椀猀 愀瘀愀椀氀愀戀氀攀 昀爀漀洀 琀栀攀 挀甀爀爀攀渀琀 椀渀琀攀爀攀猀琀 爀愀琀攀 漀渀 洀漀渀攀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| INTRINSIC VALUE | Refers to options. The difference between the current spot price and the option strike (or exercise) price, ie, the in-the-money element |
ऀഀഀ
| J |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䨀伀䤀一吀 嘀䔀一吀唀刀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 挀漀渀琀爀愀挀琀甀愀氀 愀最爀攀攀洀攀渀琀 戀攀琀眀攀攀渀 琀眀漀 漀爀 洀漀爀攀 瀀愀爀琀椀攀猀 昀漀爀 琀栀攀 瀀甀爀瀀漀猀攀 漀昀 攀砀攀挀甀琀椀渀最 愀 戀甀猀椀渀攀猀猀 甀渀搀攀爀琀愀欀椀渀最⸀ 䄀氀氀 瀀愀爀琀椀攀猀 愀最爀攀攀 琀漀 猀栀愀爀攀 椀渀 琀栀攀 瀀爀漀昀椀琀猀 愀渀搀 氀漀猀猀攀猀 漀昀 琀栀攀 攀渀琀攀爀瀀爀椀猀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
ऀഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䬀∀㸀䬀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| KARAT | Unit of fineness, scaled from one to 24. 24 karat gold (or pure gold) has at least 999 parts pure gold per thousand; 18-karat has 750 parts pure gold and 250 parts alloy, etc. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䬀䔀夀 刀䔀嘀䔀刀匀䄀䰀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀攀挀栀渀椀挀愀氀 愀渀愀氀礀猀椀猀Ⰰ 愀 挀爀甀挀椀愀氀 挀栀愀渀最攀 椀渀 瀀爀椀挀攀 搀椀爀攀挀琀椀漀渀Ⰰ 猀椀最渀愀氀氀椀渀最 愀渀 攀渀搀 琀漀 攀椀琀栀攀爀 愀 戀甀氀氀 漀爀 戀攀愀爀 洀愀爀欀攀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| KERB | A trading session when open-outcry transactions occur freely outside of scheduled ring times and when all or some of the LME metals are traded simultaneously. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䬀䤀䰀伀 䈀䄀刀 㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 瀀漀瀀甀氀愀爀 猀洀愀氀氀 最漀氀搀 戀愀爀⸀ 䄀 漀渀攀ⴀ䬀最 戀愀爀 ⸀㤀㤀㔀 昀椀渀攀 㴀 ㌀⸀㤀㤀 琀爀漀礀 漀甀渀挀攀猀Ⰰ 愀渀搀 愀 漀渀攀ⴀ䬀䜀 戀愀爀 㤀㤀㤀㤀 昀椀渀攀 㴀 ㌀㈀⸀㐀㠀 琀爀漀礀 漀甀渀挀攀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| KNOCK-IN | In options, an exotic option in which the option becomes valid only when a pre-agreed price level (usually different to the strike price) is touched during the lifetime of the option. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䬀一伀䌀䬀ⴀ伀唀吀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 攀砀漀琀椀挀 漀瀀琀椀漀渀 眀栀椀挀栀 椀猀 愀甀琀漀洀愀琀椀挀愀氀氀礀 琀攀爀洀椀渀愀琀攀搀 漀爀 ∀欀渀漀挀欀攀搀 漀甀琀∀ 椀昀 琀栀攀 瀀爀椀挀攀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 爀攀愀挀栀攀猀 愀 瀀爀攀搀攀琀攀爀洀椀渀攀搀 氀攀瘀攀氀 ⠀甀猀甀愀氀氀礀 搀椀昀昀攀爀攀渀琀 琀漀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀⤀ 搀甀爀椀渀最 琀栀攀 氀椀昀攀琀椀洀攀 漀昀 琀栀攀 漀瀀琀椀漀渀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
ऀഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䰀∀㸀䰀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| LBMA | The London Bullion Market Association acts as the coordinator for activities conducted on behalf of its members and other participants in the London Bullion Market, and it is the principal point of contact between the market and its regulators. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀䌀䠀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 䰀漀渀搀漀渀 䌀氀攀愀爀椀渀最 䠀漀甀猀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LEACHING | The extraction of a soluble metallic compound from ore by dissolving the metals in a solvent. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀䔀一䐀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀伀渀攀 昀漀爀洀 漀昀 挀愀爀爀礀⸀ 䤀渀 琀栀椀猀 挀愀猀攀 琀栀攀 猀椀洀甀氀琀愀渀攀漀甀猀 猀攀氀氀椀渀最 漀昀 洀攀琀愀氀 昀漀爀 愀 渀攀愀爀 搀愀琀攀搀 瀀爀漀洀瀀琀 愀渀搀 琀栀攀 戀甀礀椀渀最 漀昀 琀栀愀琀 洀攀琀愀氀 昀漀爀 愀 氀愀琀攀爀 搀愀琀攀搀 瀀爀漀洀瀀琀⸀ 䤀渀 攀昀昀攀挀琀 琀栀攀 瀀愀爀琀礀 椀猀 氀攀渀搀椀渀最 琀栀攀 洀攀琀愀氀 昀漀爀 琀栀攀 瀀攀爀椀漀搀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LEVERAGE | The potential to magnify profits or losses by incurring exposure to large positions from a small investment outlay. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀䤀䈀伀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䰀漀渀搀漀渀 䤀渀琀攀爀 䈀愀渀欀 伀昀昀攀爀 刀愀琀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LIFFE | London International Financial Futures Exchange. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀䤀䴀䤀吀 伀刀䐀䔀刀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀爀搀攀爀 琀栀愀琀 栀愀猀 爀攀猀琀爀椀挀琀椀漀渀猀 瀀氀愀挀攀搀 漀渀 椀琀⸀ 吀栀攀 挀甀猀琀漀洀攀爀 猀瀀攀挀椀昀椀攀猀 愀 瀀爀椀挀攀 愀渀搀 琀栀攀 漀爀搀攀爀 挀愀渀 漀渀氀礀 戀攀 攀砀攀挀甀琀攀搀 椀昀 琀栀攀 洀愀爀欀攀琀 洀漀瘀攀猀 琀漀 漀爀 戀攀琀琀攀爀猀 琀栀愀琀 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LIQUIDITY | The market tradability of an asset. A highly liquid market has a large number of buyers and sellers, or lenders, making it easy to enter or exit. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀䴀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䰀漀渀搀漀渀 䴀攀琀愀氀 䔀砀挀栀愀渀最攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LONG | A long position means the purchase and retention of an asset |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀伀一䜀 匀吀刀䄀䐀䐀䰀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀甀爀挀栀愀猀攀 漀昀 挀愀氀氀 愀渀搀 瀀甀琀 漀瀀琀椀漀渀猀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀 愀渀搀 攀砀瀀椀爀礀 搀愀琀攀⸀ 吀栀攀 椀渀瘀攀猀琀漀爀 攀砀瀀攀挀琀猀 愀 猀椀最渀椀昀椀挀愀渀琀 椀渀挀爀攀愀猀攀 椀渀 瘀漀氀愀琀椀氀椀琀礀㬀 搀椀爀攀挀琀椀漀渀 漀昀 瀀爀椀挀攀猀 椀猀 渀漀琀 漀昀 瀀爀椀洀攀 椀洀瀀漀爀琀愀渀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| LOOKBACK OPTION | A history dependent option where the settlement at maturity is reliant not only on whether the option is in-the-money at expiry, but also on the maximum or minimum price achieved by the underlying asset during at least some part of the option life. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䰀伀吀ꀀꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䌀漀洀洀漀渀氀礀 甀猀攀搀 眀漀爀搀 昀漀爀 愀 猀琀愀渀搀愀爀搀 昀甀琀甀爀攀猀 挀漀渀琀爀愀挀琀⸀ഀഀ
| LSE | London Stock Exchange |
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㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀䴀∀㸀䴀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| MARGIN | Deposit, or collateral, required as security against open positions in futures, forwards or options markets. Also called "Initial Margin" or "Original Margin". |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䄀刀䜀䤀一 䌀䄀䰀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䴀漀渀攀礀 琀栀愀琀 椀猀 挀愀氀氀攀搀 昀漀爀 昀爀漀洀 琀栀攀 挀氀椀攀渀琀 搀甀爀椀渀最 琀栀攀 氀椀昀攀 漀昀 琀栀攀 琀爀愀渀猀愀挀琀椀漀渀 琀漀 挀漀瘀攀爀 攀砀瀀漀猀甀爀攀 爀攀猀甀氀琀椀渀最 昀爀漀洀 愀渀 愀搀瘀攀爀猀攀 瀀爀椀挀攀 洀漀瘀攀洀攀渀琀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MARKET ORDER | An order given to a dealer for immediate execution, to buy or sell at the best prevailing price. Also known as "At Best" or "At Market". |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䄀吀唀刀䤀吀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 搀愀琀攀 眀栀攀渀 愀 昀甀琀甀爀攀猀 挀漀渀琀爀愀挀琀 琀栀愀琀 栀愀猀 渀漀琀 戀攀攀渀 漀昀昀猀攀琀 戀礀 愀渀 漀瀀瀀漀猀椀琀攀 瀀漀猀椀琀椀漀渀 洀甀猀琀 戀攀 猀攀琀琀氀攀搀 戀礀 搀攀氀椀瘀攀爀礀 漀昀 瀀栀礀猀椀挀愀氀 洀攀琀愀氀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MCX | Multi Commodity Exchange of India (MCX) which facilitates online trading, clearing and settlement operations for commodity futures markets across the country |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䔀刀䌀䠀䄀一吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 搀攀愀氀攀爀 椀渀 瀀栀礀猀椀挀愀氀 洀攀琀愀氀 眀栀漀 猀漀甀爀挀攀猀 猀琀漀挀欀猀 愀渀搀 洀愀爀欀攀琀猀 昀漀爀 挀甀猀琀漀洀攀爀猀 戀甀琀 渀攀椀琀栀攀爀 瀀爀漀搀甀挀攀猀 渀漀爀 挀漀渀猀甀洀攀猀 洀攀琀愀氀 昀漀爀 栀椀猀 漀眀渀 甀猀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MERGER | When two companies combine in order to form one entity. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䔀吀䄀䰀䰀唀刀䜀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀漀搀甀挀琀椀漀渀 漀昀 洀攀琀愀氀猀 昀爀漀洀 爀愀眀 洀愀琀攀爀椀愀氀猀 猀甀挀栀 愀猀 漀爀攀 挀漀渀挀攀渀琀爀愀琀攀猀Ⰰ 爀攀猀椀搀甀攀猀 愀渀搀 爀攀挀礀挀氀椀渀最 洀愀琀攀爀椀愀氀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MILLING | The first stage of mineral processing. Ore pieces from the mine are further mechanically reduced in size to maximise efficiency of the concentration process. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䤀一䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 攀砀琀爀愀挀琀椀漀渀 漀昀 攀挀漀渀漀洀椀挀愀氀氀礀 椀洀瀀漀爀琀愀渀琀 洀椀渀攀爀愀氀猀 愀渀搀 漀爀攀猀 昀爀漀洀 琀栀攀 攀愀爀琀栀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MINING FEASIBILITY STUDY | An assessment of the economic viability of a potential mining project. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀䤀一⼀䴀䄀堀 㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 稀攀爀漀 挀漀猀琀 挀漀氀氀愀爀ⴀ猀琀礀氀攀 栀攀搀最椀渀最 猀琀爀愀琀攀最礀 眀栀攀爀攀戀礀 愀 挀氀椀攀渀琀 猀攀氀氀猀 漀渀攀 漀瀀琀椀漀渀 椀渀 攀砀挀栀愀渀最攀 昀漀爀 愀渀漀琀栀攀爀⸀ 䤀渀 戀甀氀氀椀漀渀 洀愀爀欀攀琀猀Ⰰ 瀀爀椀洀愀爀椀氀礀 甀猀攀搀 戀礀 瀀爀漀搀甀挀攀爀猀 眀栀漀 最爀愀渀琀 挀愀氀氀 漀瀀琀椀漀渀猀 椀渀 攀砀挀栀愀渀最攀 昀漀爀 瀀甀琀 漀瀀琀椀漀渀猀 ጀ†椀渀 琀栀椀猀 挀愀猀攀Ⰰ 琀栀攀 猀琀爀甀挀琀甀爀攀 最甀愀爀愀渀琀攀攀猀 琀栀愀琀 琀栀攀 挀氀椀攀渀琀 眀椀氀氀 爀攀挀攀椀瘀攀 愀 洀椀渀椀洀甀洀 瀀爀攀ⴀ搀攀琀攀爀洀椀渀攀搀 瀀爀椀挀攀 椀渀 攀砀挀栀愀渀最攀 昀漀爀 愀 瀀漀猀猀椀戀氀攀 漀瀀瀀漀爀琀甀渀椀琀礀 氀漀猀猀 椀昀 琀栀攀 愀挀琀甀愀氀 瀀爀椀挀攀 愀琀 洀愀琀甀爀椀琀礀 椀猀 愀戀漀瘀攀 愀 洀愀砀椀洀甀洀 氀攀瘀攀氀Ⰰ 愀猀 搀攀琀攀爀洀椀渀攀搀 戀礀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀 漀昀 琀栀攀 挀愀氀氀 漀瀀琀椀漀渀 最爀愀渀琀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| MOULDS | Casting moulds made of copper, graphite, cast iron or steel for casting metal ingots. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀䴀伀嘀䤀一䜀 䄀嘀䔀刀䄀䜀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀攀挀栀渀椀挀愀氀 愀渀愀氀礀猀椀猀 琀栀椀猀 椀猀 愀 欀攀礀 琀爀攀渀搀 氀椀渀攀 琀栀愀琀 椀猀 瀀氀漀琀琀攀搀 漀渀 愀 戀愀爀 挀栀愀爀琀Ⰰ 爀攀昀氀攀挀琀椀渀最 琀栀攀 瀀爀漀最爀攀猀猀 漀爀 瀀爀椀挀攀猀 漀瘀攀爀 愀 最椀瘀攀渀 瀀攀爀椀漀搀 漀昀 琀椀洀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
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| N |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀一䄀䬀䔀䐀 伀倀吀䤀伀一ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀愀氀攀 漀昀 愀渀 漀瀀琀椀漀渀 戀礀 愀 瀀愀爀琀礀 眀栀漀 搀漀攀猀 渀漀琀 栀漀氀搀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 琀漀 戀愀挀欀 椀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| NCDEX | National Commodity & Derivatives Exchange Limited (NCDEX) is located in Mumbai and is a professionally managed online multi commodity exchange. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀一䔀吀 䌀䠀䄀一䜀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 搀椀昀昀攀爀攀渀挀攀 戀攀琀眀攀攀渀 琀栀攀 挀氀漀猀椀渀最 瀀爀椀挀攀 漀昀 愀渀 椀渀猀琀爀甀洀攀渀琀 漀渀 琀栀攀 搀愀礀✀猀 琀爀愀搀椀渀最 愀渀搀 琀栀攀 瀀爀攀瘀椀漀甀猀 搀愀礀✀猀 挀氀漀猀椀渀最 瀀爀椀挀攀⸀ 一攀琀 挀栀愀渀最攀 挀愀渀 戀攀 瀀漀猀椀琀椀瘀攀 漀爀 渀攀最愀琀椀瘀攀Ⰰ 愀渀搀 椀猀 焀甀漀琀攀搀 椀渀 琀攀爀洀猀 漀昀 挀甀爀爀攀渀挀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| NOISE | Normal everyday market movement, up and down without really going anywhere. The ebb and flow of everyday market movement. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀一夀䘀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀一攀眀 夀漀爀欀 䘀甀琀甀爀攀猀 䔀砀挀栀愀渀最攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| NYMEX | A US futures exchange consisting of two divisions, NYMEX (the New York Mercantile Exchange) and COMEX (the Commodities Exchange). |
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㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀伀∀㸀伀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| OFFER | The price at which a dealer is willing to sell. See also ""Ask""" |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀伀倀䔀一 䤀一吀䔀刀䔀匀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀伀渀 愀 昀甀琀甀爀攀猀 攀砀挀栀愀渀最攀 琀栀攀 搀愀椀氀礀 猀琀愀琀椀猀琀椀挀 琀栀愀琀 椀渀搀椀挀愀琀攀猀 琀栀攀 渀甀洀戀攀爀 漀昀 漀瀀攀渀 挀漀渀琀爀愀挀琀猀Ⰰ 椀攀Ⰰ 琀栀漀猀攀 眀栀椀挀栀 栀愀瘀攀 渀漀琀 戀攀攀渀 昀甀氀昀椀氀氀攀搀 漀爀 挀氀漀猀攀搀 漀甀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| OPEN OUTCRY | A style of trading conducted on a futures exchange in a ring or a pit where dealers face each other, calling out the price, contract, month and number of contracts |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀伀倀䔀一 倀䤀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 洀椀渀攀 戀愀猀攀搀 漀渀 攀砀琀爀愀挀琀椀漀渀 昀爀漀洀 愀 猀甀爀昀愀挀攀 攀砀挀愀瘀愀琀椀漀渀Ⰰ 眀栀椀挀栀 爀攀洀愀椀渀猀 漀瀀攀渀 琀漀 琀栀攀 猀甀爀昀愀挀攀 昀漀爀 琀栀攀 氀椀昀攀 漀昀 琀栀攀 洀椀渀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| OPEN POSITION | A market position which has not been closed out. |
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| ORE | Rock from which metal or minerals can be extracted at a financial profit. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀伀刀䔀 䴀䤀一䔀刀䄀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䰀ऀ䄀 洀椀渀攀爀愀氀 眀栀椀挀栀 挀漀渀琀愀椀渀猀 愀 洀攀琀愀氀 漀爀 洀攀琀愀氀猀 眀栀椀挀栀 挀愀渀 戀攀 攀砀琀爀愀挀琀攀搀 愀琀 愀 昀椀渀愀渀挀椀愀氀 瀀爀漀昀椀琀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| OTC | Over The Counter. Transactions that are quoted and conducted between parties on a principal-to-principal basis as opposd to being traded via a broker on an exchange |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀伀唀吀 伀䘀 吀䠀䔀 䴀伀一䔀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀刀攀昀攀爀猀 琀漀 漀瀀琀椀漀渀猀 眀椀琀栀 漀渀氀礀 琀椀洀攀 瘀愀氀甀攀Ⰰ 椀⸀攀⸀Ⰰ 渀漀 椀渀琀爀椀渀猀椀挀 瘀愀氀甀攀Ⰰ 攀⸀最⸀Ⰰ 挀愀氀氀猀 眀栀攀爀攀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀 椀猀 最爀攀愀琀攀爀 琀栀愀渀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 瀀爀椀挀攀㬀 瀀甀琀猀 眀栀攀爀攀 琀栀攀 猀琀爀椀欀攀 瀀爀椀挀攀 椀猀 氀攀猀猀 琀栀愀渀 琀栀攀 甀渀搀攀爀氀礀椀渀最 瀀爀椀挀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| OVERBOUGHT | A market in which the price, under excessive buying pressure, has risen too high and too fast without genuine fundamental support to maintain the new level. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀伀嘀䔀刀匀伀䰀䐀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 洀愀爀欀攀琀 眀栀椀挀栀 栀愀猀 昀愀氀氀攀渀 琀漀漀 昀愀爀 愀渀搀 琀漀漀 昀愀猀琀 甀渀搀攀爀 攀砀挀攀猀猀椀瘀攀 猀攀氀氀椀渀最 瀀爀攀猀猀甀爀攀 愀渀搀 椀猀 攀砀瀀攀挀琀攀搀 琀漀 洀漀瘀攀 戀愀挀欀 琀漀 愀 栀椀最栀攀爀Ⰰ 洀漀爀攀 渀攀甀琀爀愀氀 氀攀瘀攀氀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
ऀഀഀ
| P |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀倀䄀一一䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 挀氀愀猀猀椀挀 愀渀搀 猀椀洀瀀氀攀 洀攀琀栀漀搀 漀昀 洀椀渀椀渀最 愀氀氀甀瘀椀愀氀 最漀氀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| PAPER GOLD | A term used to describe gold contracts such as loco London deals and futures contracts which do not necessarily involve the delivery of physical gold. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀倀䠀夀匀䤀䌀䄀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀爀愀搀攀猀 琀栀愀琀 爀攀猀甀氀琀 椀渀 琀栀攀 搀攀氀椀瘀攀爀礀 漀昀 琀栀攀 挀漀洀洀漀搀椀琀礀 椀⸀攀⸀ 渀漀琀 栀攀搀最椀渀最Ⰰ 猀瀀攀挀甀氀愀琀椀漀渀 漀爀 愀爀戀椀琀爀愀最攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| PLATINUM GROUP ELEMENTS/PLATINUM GROUP METALS (PGE/PGM) | The six metallic elements platinum, palladium, rhodium, ruthenium, iridium and osmium. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀倀伀匀䤀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 渀攀琀 琀漀渀渀愀最攀 愀 瀀愀爀琀礀 栀愀猀 戀漀甀最栀琀 漀爀 猀漀氀搀 漀渀 愀渀礀 最椀瘀攀渀 瀀爀漀洀瀀琀 搀愀琀攀⸀ 䄀氀猀漀 琀栀攀 漀瘀攀爀愀氀氀 瀀漀猀椀琀椀漀渀Ⰰ 戀攀椀渀最 琀栀攀 渀攀琀 琀漀渀渀愀最攀 戀漀甀最栀琀 漀爀 猀漀氀搀 昀漀爀 愀氀氀 瀀爀漀洀瀀琀 搀愀琀攀猀 挀漀洀戀椀渀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| PRECIOUS METALS | Metals of great value being gold, silver, platinum and other platinum group metals (for information on precious metals visit www.thebulliondesk.com) |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀倀刀䔀䴀䤀唀䴀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 漀渀攀ⴀ漀昀昀 瀀愀礀洀攀渀琀Ⰰ 洀愀搀攀 愀琀 琀栀攀 漀甀琀猀攀琀Ⰰ 琀漀 瀀甀爀挀栀愀猀攀 愀渀 漀瀀琀椀漀渀⸀ 吀栀攀 瀀爀攀洀椀甀洀 椀猀 愀 眀爀椀琀攀ⴀ漀昀昀 甀渀氀攀猀猀 琀栀攀 漀瀀琀椀漀渀 椀猀 琀爀愀搀攀搀 漀渀 攀椀琀栀攀爀 愀琀 愀 瀀爀漀昀椀琀 漀爀 眀栀攀渀 猀漀洀攀 漀爀 愀氀氀 漀昀 琀栀攀 瀀爀攀洀椀甀洀 洀愀礀 戀攀 爀攀挀漀瘀攀爀攀搀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| PRODUCTION STANDSTILL | Regularly recurring production standstill in order that all furnaces and connected plant can be overhauled, maintained and repaired. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀倀唀吀 伀倀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 挀漀渀琀爀愀挀琀 眀栀椀挀栀 最椀瘀攀猀 琀栀攀 戀甀礀攀爀 琀栀攀 爀椀最栀琀Ⰰ 戀甀琀 渀漀琀 琀栀攀 漀戀氀椀最愀琀椀漀渀Ⰰ 琀漀 猀攀氀氀 愀 猀瀀攀挀椀昀椀攀搀 愀洀漀甀渀琀 漀昀 愀渀 愀猀猀攀琀 愀琀 愀 瀀爀攀搀攀琀攀爀洀椀渀攀搀 瀀爀椀挀攀 漀渀 漀爀 戀攀昀漀爀攀 愀 猀瀀攀挀椀昀椀攀搀 搀愀琀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| PUT SPREAD | An options position comprised of the purchase of a put option at one level and the sale of a put option at some lower level. The premium received by selling one option reduces the cost of buying the other, but participation is limited if the underlying goes down. |
ऀऀഀഀ
| R |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀刀䔀匀䤀匀吀䄀一䌀䔀 䰀䔀嘀䔀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 氀攀瘀攀氀 愀琀 眀栀椀挀栀 愀 瀀爀椀挀攀 琀爀攀渀搀 椀猀 栀愀氀琀攀搀 攀椀琀栀攀爀 琀攀洀瀀漀爀愀爀椀氀礀 漀爀 琀漀琀愀氀氀礀⸀ 匀攀攀 愀氀猀漀 ∀昀氀漀漀爀∀ 愀渀搀 ∀挀攀椀氀椀渀最∀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| REFINING | The separating and purifying of gold and silver from other metals |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀刀䔀䘀䤀一䔀刀夀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 瀀爀漀挀攀猀猀椀渀最 瀀氀愀渀琀 甀猀甀愀氀氀礀 愀猀猀漀挀椀愀琀攀搀 眀椀琀栀 愀 猀洀攀氀琀攀爀 琀栀愀琀 瀀爀漀搀甀挀攀猀 栀椀最栀 瀀甀爀椀琀礀 洀攀琀愀氀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| RHO | Rho is a measure of an option's sensitivity to a change in interest rates; this will impact on both the future price of the option and the time value of the premium. Its impact increases with the maturity of the option. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀刀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀倀攀爀椀漀搀 漀昀 㔀 洀椀渀甀琀攀猀 椀渀 眀栀椀挀栀 愀 洀攀琀愀氀 椀猀 琀爀愀搀攀搀 愀琀 琀栀攀 䰀䴀䔀 愀渀搀 愀 猀攀琀琀氀攀洀攀渀琀 焀甀漀琀愀琀椀漀渀 椀猀 昀椀砀攀搀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| RISK | The exposure to adverse market movements, mischance or the possibility of losing money. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀刀伀䄀匀吀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀爀攀愀琀洀攀渀琀 漀昀 漀爀攀 戀礀 栀攀愀琀 愀渀搀 愀椀爀Ⰰ 漀爀 漀砀礀最攀渀 攀渀爀椀挀栀攀搀 愀椀爀Ⰰ 漀爀 漀琀栀攀爀 爀攀愀最攀渀琀Ⰰ 琀漀 攀氀椀洀椀渀愀琀攀 瘀漀氀愀琀椀氀攀 猀甀戀猀琀愀渀挀攀猀 愀渀搀 戀爀椀渀最 愀戀漀甀琀 挀栀攀洀椀挀愀氀 挀栀愀渀最攀 猀甀挀栀 愀猀 漀砀椀搀愀琀椀漀渀 漀昀 猀甀氀昀椀搀攀猀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| ROLLED GOLD | The process in which a layer of carat gold alloy is mechanically bonded to another metal |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀刀伀唀一䐀 吀唀刀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 挀漀洀瀀氀攀琀攀 琀爀愀渀猀愀挀琀椀漀渀 漀昀 愀 挀氀漀猀攀搀 漀甀琀 昀甀琀甀爀攀猀 挀漀渀琀爀愀挀琀Ⰰ 椀⸀攀⸀ 戀漀琀栀 琀栀攀 戀甀礀椀渀最 愀渀搀 猀攀氀氀椀渀最 漀瀀攀爀愀琀椀漀渀猀⸀ 䌀漀洀洀椀猀猀椀漀渀 爀愀琀攀猀 愀爀攀 猀漀洀攀琀椀洀攀猀 焀甀漀琀攀搀 漀渀 愀 爀漀甀渀搀 琀甀爀渀 戀愀猀椀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
ऀഀഀ
| S |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䄀䴀倀䰀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀攀氀攀挀琀椀漀渀 漀昀 愀 猀洀愀氀氀 戀甀琀 爀攀瀀爀攀猀攀渀琀愀琀椀瘀攀 瀀愀爀琀 漀昀 愀渀 漀爀攀 戀漀搀礀 漀爀 瀀爀漀挀攀猀猀 洀愀琀攀爀椀愀氀 昀漀爀 愀渀愀氀礀猀椀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SECONDARY METAL | Scrap metal that has been recycled |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䔀䰀䰀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀漀 瀀氀愀挀攀 愀渀 漀瀀攀渀椀渀最 琀爀愀搀攀 愀琀 琀栀攀 戀椀搀 瀀爀椀挀攀 漀昀 愀 猀瀀爀攀愀搀 椀渀 愀渀琀椀挀椀瀀愀琀椀漀渀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 洀愀爀欀攀琀 昀愀氀氀椀渀最Ⰰ 挀漀洀洀漀渀氀礀 爀攀昀攀爀爀攀搀 琀漀 愀猀 愀 ∀搀漀眀渀 琀爀愀搀攀∀Ⰰ ∀琀愀欀椀渀最 愀 猀栀漀爀琀 瀀漀猀椀琀椀漀渀∀Ⰰ 漀爀 ∀最漀椀渀最 猀栀漀爀琀∀⸀ 夀漀甀 挀愀渀 愀氀猀漀 猀攀氀氀 愀琀 琀栀攀 戀椀搀 瀀爀椀挀攀 琀漀 挀氀漀猀攀 愀渀 攀砀椀猀琀椀渀最 氀漀渀最 瀀漀猀椀琀椀漀渀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SELL SIGNAL | In technical analysis, a chart pattern which indicates a key reversal downwards in price. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䔀吀吀䰀䔀䴀䔀一吀 刀䤀匀䬀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 爀椀猀欀 琀栀愀琀 愀爀椀猀攀猀 眀栀攀渀 瀀愀礀洀攀渀琀猀 愀爀攀 渀漀琀 攀砀挀栀愀渀最攀搀 猀椀洀甀氀琀愀渀攀漀甀猀氀氀礀Ⰰ 最攀渀攀爀愀氀氀礀 愀爀椀猀椀渀最 搀甀攀 琀漀 琀椀洀攀 搀椀昀昀攀爀攀渀挀攀猀⸀ 伀渀攀 瀀愀爀琀礀 琀漀 愀 琀爀愀渀猀愀挀琀椀漀渀 洀甀猀琀 攀昀昀攀挀琀 瀀愀礀洀攀渀琀 漀爀 搀攀氀椀瘀攀爀礀 椀渀 愀渀 攀愀爀氀椀攀爀 琀椀洀攀 稀漀渀攀 眀椀琀栀漀甀琀 栀愀瘀椀渀最 挀漀渀昀椀爀洀愀琀椀漀渀 漀昀 琀栀攀 爀攀挀攀椀瀀琀 漀昀 愀 爀攀挀椀瀀爀漀挀愀氀 愀猀猀攀琀 椀渀 愀 氀愀琀攀爀 琀椀洀攀 稀漀渀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SFE | Sydney Futures Exchange |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䜀堀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀匀椀渀最愀瀀漀爀攀 䔀砀挀栀愀渀最攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SHAFT | A vertical or inclined conduit providing access from the surface to underground orebodies. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䠀伀刀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 猀栀漀爀琀 瀀漀猀椀琀椀漀渀 洀攀愀渀猀 琀栀攀 猀愀氀攀 漀昀 愀渀 愀猀猀攀琀 渀漀琀 礀攀琀 漀眀渀攀搀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SHORT COVERING | The closure of short positions |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䠀伀刀吀 匀吀刀䄀䐀䐀䰀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 猀愀氀攀 漀昀 愀 挀愀氀氀 愀渀搀 瀀甀琀 漀瀀琀椀漀渀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀攀爀挀椀猀攀 瀀爀椀挀攀 愀渀搀 攀砀瀀椀爀礀 搀愀琀攀⸀ 吀栀攀 椀渀瘀攀猀琀漀爀 栀愀猀 愀 渀攀甀琀爀愀氀 瘀椀攀眀 漀昀 琀栀攀 甀渀搀攀爀氀礀椀渀最 愀猀猀攀琀 愀渀搀 攀砀瀀攀挀琀猀 氀椀洀椀琀攀搀 瀀爀椀挀攀 昀氀甀挀琀甀愀琀椀漀渀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SILVER | A lustrous, white, malleable and ductile precious metal, with remarkable electrical and thermal, light-reflecting, bacteria-killing, wear resistant, photosensitive and other qualities. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䤀䴀䔀堀 㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 匀椀渀最愀瀀漀爀攀 䤀渀琀攀爀渀愀琀椀漀渀愀氀 䴀漀渀攀琀愀爀礀 䔀砀挀栀愀渀最攀 眀愀猀 攀猀琀愀戀氀椀猀栀攀搀 椀渀 㤀㠀㌀ 昀爀漀洀 愀渀 愀氀氀椀愀渀挀攀 戀攀琀眀攀攀渀 琀栀攀 䜀漀氀搀 䔀砀挀栀愀渀最攀 漀昀 匀椀渀最愀瀀漀爀攀 愀渀搀 琀栀攀 䤀渀琀攀爀渀愀琀椀漀渀愀氀 䴀漀渀攀礀 䴀愀爀欀攀琀 ⠀䤀䴀䴀⤀ 椀渀 䌀栀椀挀愀最漀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SLIMES | The fine fraction of waste material discharged from the mill after valuable minerals have been recovered or the metallic compounds left in the bath during electrolytic refining of metals. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀䴀䔀䰀吀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀漀挀攀猀猀 漀昀 洀攀氀琀椀渀最 漀爀攀猀 漀爀 挀漀渀挀攀渀琀爀愀琀攀猀 琀漀 猀攀瀀愀爀愀琀攀 漀甀琀 最漀氀搀 漀爀 猀椀氀瘀攀爀 昀爀漀洀 椀洀瀀甀爀椀琀椀攀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SOFFEX | Swiss Options & Financial Futures Exchange. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀倀䔀䌀唀䰀䄀吀䤀嘀䔀 䰀伀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 琀爀愀搀攀爀 眀栀漀 栀愀猀 戀漀甀最栀琀 愀 昀漀爀眀愀爀搀 漀爀 昀甀琀甀爀攀 椀渀 琀栀攀 攀砀瀀攀挀琀愀琀椀漀渀 漀昀 挀氀漀猀椀渀最 椀琀 漀甀琀 愀琀 愀 栀椀最栀攀爀 瀀爀椀挀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SPECULATIVE SHORT | A trader who has sold a forward or future in the expectation of buying it back at a lower price. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀倀伀吀 倀刀䤀䌀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 瀀爀椀挀攀 昀漀爀 猀瀀漀琀 搀攀氀椀瘀攀爀礀 眀栀椀挀栀 椀渀 琀栀攀 最漀氀搀 洀愀爀欀攀琀 椀猀 琀眀漀 搀愀礀猀 昀爀漀洀 琀栀攀 琀爀愀搀攀 搀愀琀攀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SPOT SETTLEMENT | Delivery of metal and payment of money, which takes place two business days after the transaction date." |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀倀伀吀 䐀䔀䘀䔀刀刀䔀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 昀漀爀眀愀爀搀 猀愀氀攀 挀漀渀琀爀愀挀琀 眀椀琀栀 渀漀 昀椀砀攀搀 搀攀氀椀瘀攀爀礀Ⰰ 戀甀琀 眀椀琀栀 琀栀攀 昀愀挀椀氀椀琀礀 琀漀 爀漀氀氀 昀漀爀眀愀爀搀 琀栀攀 瀀爀椀挀椀渀最 漀昀 愀 挀漀渀琀爀愀挀琀 愀琀 瀀爀攀ⴀ搀攀琀攀爀洀椀渀攀搀 椀渀琀攀爀瘀愀氀猀 漀渀 琀栀攀 戀愀猀椀猀 漀昀 挀甀爀爀攀渀琀 椀渀琀攀爀攀猀琀 爀愀琀攀猀⸀ 吀栀椀猀 最椀瘀攀猀 洀漀爀攀 昀氀攀砀椀戀氀椀琀礀 琀栀愀渀 挀漀渀瘀攀渀琀椀漀渀愀氀 昀漀爀眀愀爀搀 挀漀渀琀爀愀挀琀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SPREAD | The difference between Bid (the price a buyer is prepared to pay for gold) and Ask (the price at which a seller offers to sell) prices. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀儀唀䔀䔀娀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䔀砀挀攀猀猀 搀攀洀愀渀搀 漀瘀攀爀 猀甀瀀瀀氀礀 漀渀 愀 瀀愀爀琀椀挀甀氀愀爀 瀀爀漀洀瀀琀 搀愀琀攀 漀爀 瀀攀爀椀漀搀 琀栀愀琀 挀愀甀猀攀猀 琀栀攀 瀀爀椀挀攀 ⠀猀⤀ 昀漀爀 琀栀愀琀 搀愀琀攀 ⠀瀀攀爀椀漀搀⤀ 琀漀 爀椀猀攀 洀漀爀攀 猀栀愀爀瀀氀礀 琀栀愀渀 猀甀爀爀漀甀渀搀椀渀最 瀀爀椀挀攀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| STANDARD BAR | 1) Gold bar weighing approximately 400 ounces or 12.5 kilograms and having a minimum fineness of 995 parts per 1,000 pure gold. |
| 2) Silver bar weighing approximately 1,000 ounces with a minimum fineness of 999. " |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀吀䄀一䐀䄀刀䐀 䐀䔀嘀䤀䄀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀匀琀愀琀椀猀琀椀挀愀氀 洀攀愀猀甀爀攀 漀昀 琀栀攀 搀攀最爀攀攀 琀漀 眀栀椀挀栀 愀渀 椀渀搀椀瘀椀搀甀愀氀 瘀愀氀甀攀 椀渀 愀 瀀爀漀戀愀戀椀氀椀琀礀 搀椀猀琀爀椀戀甀琀椀漀渀 琀攀渀搀猀 琀漀 瘀愀爀礀 昀爀漀洀 琀栀攀 洀攀愀渀 漀昀 琀栀攀 搀椀猀琀爀椀戀甀琀椀漀渀⸀ 䤀渀搀椀挀愀琀攀猀 瀀爀漀戀愀戀椀氀椀琀礀 漀昀 愀 瘀愀爀椀愀戀氀攀 漀爀 瀀爀椀挀攀 昀愀氀氀椀渀最 眀椀琀栀椀渀 愀 挀攀爀琀愀椀渀 眀椀搀琀栀 漀爀 戀愀渀搀 愀爀漀甀渀搀 琀栀攀 洀攀愀渀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| STOP LOSS ORDER | An order to close a position should the market rise above or below a stated level in order to minimise loss. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀吀伀倀䤀一䜀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀挀琀椀瘀椀琀礀 漀昀 攀砀琀爀愀挀琀椀渀最 漀爀攀 甀渀搀攀爀最爀漀甀渀搀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| STRADDLE | Purchase or sale of call and put options for the same underlying asset with the same expiry date and strike price. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀吀刀䄀一䜀䰀䔀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 漀瀀琀椀漀渀猀Ⰰ 愀 猀瀀攀挀甀氀愀琀椀瘀攀 猀琀爀愀琀攀最礀 漀昀 攀椀琀栀攀爀 戀甀礀椀渀最 漀爀 猀攀氀氀椀渀最 瀀甀琀猀 愀渀搀 挀愀氀氀猀Ⰰ 攀愀挀栀 眀椀琀栀 琀栀攀 猀愀洀攀 攀砀瀀椀爀礀 搀愀琀攀 戀甀琀 眀椀琀栀 搀椀昀昀攀爀攀渀琀 猀琀爀椀欀攀 瀀爀椀挀攀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| STRIKE PRICE | In options, the pre-determined price at which an option may be exercised. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀唀倀倀伀刀吀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䤀渀 琀攀挀栀渀椀挀愀氀 愀渀愀氀礀猀椀猀Ⰰ 琀栀攀 瀀爀椀挀攀 氀攀瘀攀氀 眀栀攀爀攀 渀攀眀 戀甀礀攀爀猀 愀爀攀 攀砀瀀攀挀琀攀搀 琀漀 攀洀攀爀最攀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SWAP | 1) Simultaneous purchase and sale of spot against forward. |
ऀ㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㈀⤀ 䄀渀 攀砀挀栀愀渀最攀 戀攀琀眀攀攀渀 氀漀挀愀琀椀漀渀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| 3) A swap or exchange of different size or quality of gold bars. |
ऀ㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㐀⤀ 䄀渀 愀最爀攀攀洀攀渀琀 眀栀攀爀攀戀礀 愀 昀氀漀愀琀椀渀最 瀀爀椀挀攀 椀猀 攀砀挀栀愀渀最攀搀 昀漀爀 愀 昀椀砀攀搀 瀀爀椀挀攀 漀瘀攀爀 愀 猀瀀攀挀椀昀椀攀搀 瀀攀爀椀漀搀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
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㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀匀圀䤀吀䌀䠀ꀀꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀匀椀洀甀氀琀愀渀攀漀甀猀 瀀甀爀挀栀愀猀攀 愀渀搀 猀愀氀攀 漀昀 琀栀攀 猀愀洀攀 愀猀猀攀琀 昀漀爀 搀椀昀昀攀爀攀渀琀 洀愀琀甀爀椀琀礀 搀愀琀攀猀⸀ 㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| SYNTHETIC | A strategy of buying a combination of futures and put options to achieve the equivalent position of buying a call option or buying a combination of futures and call options to achieve the equivalent position of buying a put option. |
ഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀吀∀㸀吀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ऀഀഀ
| TAEL | Traditional Chinese unit of weight for gold. 1 tael = 1.20337 troy ounces = 37.4290 grams. The nominal fineness of a Hong Kong tael bar is 990 but in Taiwan 5 and 10 tael bars can be 999.9 fine. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀吀䄀䤀䰀䤀一䜀匀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䘀椀渀攀 最爀愀椀渀攀搀 爀攀洀愀椀渀猀 漀昀 漀爀攀 漀渀挀攀 洀漀猀琀 漀昀 琀栀攀 瘀愀氀甀愀戀氀攀 洀愀琀攀爀椀愀氀 栀愀猀 戀攀攀渀 爀攀洀漀瘀攀搀 椀渀 琀栀攀 挀漀渀挀攀渀琀爀愀琀椀漀渀 瀀爀漀挀攀猀猀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| THETA | In options, the rate of change in the value of the option with respect to time with all else remaining the same. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀吀䤀䌀䬀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 洀椀渀椀洀甀洀 洀漀瘀攀洀攀渀琀 漀昀 琀栀攀 洀愀爀欀攀琀 椀渀 焀甀攀猀琀椀漀渀Ⰰ 愀氀猀漀 挀漀洀洀漀渀氀礀 爀攀昀攀爀爀攀搀 琀漀 愀猀 愀 ᰀ瀠漀椀渀琀⸀ᴀ†吀栀攀 瘀愀氀甀攀 漀昀 愀 琀椀挀欀 挀愀渀 瘀愀爀礀 戀礀 琀礀瀀攀 漀爀 猀椀稀攀 漀昀 戀攀琀 漀爀 琀爀愀搀攀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| TIME VALUE | Refers to options. The difference between an option’s market price and its intrinsic value. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀吀伀䌀伀䴀 㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀吀栀攀 吀漀欀礀漀 䌀漀洀洀漀搀椀琀礀 䔀砀挀栀愀渀最攀Ⰰ 攀猀琀愀戀氀椀猀栀攀搀 椀渀 㤀㠀㐀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| TOLA | Traditional Indian unit of weight for gold. One tola = 0.375 troy ounces = 11.6638 grams. The most popular sized bar is 10 tola = 3.75 troy ounces. |
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| TROY OUNCE | The traditional unit of weight used for precious metals which was attributed to a weight used in Troyes, France, in medieval times. One troy ounce is equal to 1.0971428 ounces avoirdupois. |
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ഀഀ
| U |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀唀一䄀䰀䰀伀䌀䄀吀䔀䐀 䄀䌀䌀伀唀一吀ꀀ㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 愀挀挀漀甀渀琀 眀栀攀爀攀 猀瀀攀挀椀昀椀挀 戀愀爀猀 愀爀攀 渀漀琀 猀攀琀 愀猀椀搀攀 愀渀搀 琀栀攀 挀甀猀琀漀洀攀爀 栀愀猀 愀 最攀渀攀爀愀氀 攀渀琀椀琀氀攀洀攀渀琀 琀漀 琀栀攀 洀攀琀愀氀⸀ 吀栀椀猀 椀猀 琀栀攀 洀漀猀琀 挀漀渀瘀攀渀椀攀渀琀Ⰰ 挀栀攀愀瀀攀猀琀 愀渀搀 洀漀猀琀 挀漀洀洀漀渀氀礀 甀猀攀搀 洀攀琀栀漀搀 漀昀 栀漀氀搀椀渀最 洀攀琀愀氀⸀ 吀栀攀 栀漀氀搀攀爀 椀猀 愀渀 甀渀猀攀挀甀爀攀搀 挀爀攀搀椀琀漀爀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| UNDERLYING | The variable on which a futures, option or other derivative contract is based. |
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ഀഀ
㰀琀爀㸀㰀琀搀 挀漀氀猀瀀愀渀㴀㈀ 瘀愀氀椀最渀㴀琀漀瀀㸀㰀愀 挀氀愀猀猀㴀∀氀渀欀∀ 渀愀洀攀㴀∀嘀∀㸀嘀㰀⼀愀㸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| VANILLA OPTION | The date agreed between parties for the settlement of a transaction |
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| VOLATILITY | Refers to options. The rate of change in the price of the underlying asset. |
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ഀഀ
| W |
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| WAREHOUSE RECEIPT | A warehouse or depository receipt is issued when delivery is taken on a futures exchange. It specifies the quantity and fineness of gold or silver held. |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀圀䠀䤀吀䔀 䜀伀䰀䐀㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀 最漀氀搀 愀氀氀漀礀 挀漀渀琀愀椀渀椀渀最 眀栀椀琀攀渀椀渀最 愀最攀渀琀猀 猀甀挀栀 愀猀 猀椀氀瘀攀爀Ⰰ 瀀愀氀氀愀搀椀甀洀 漀爀 渀椀挀欀攀氀 愀猀 眀攀氀 愀猀 漀琀栀攀爀 戀愀猀攀 洀攀琀愀氀猀⸀ 伀昀琀攀渀 甀猀攀搀 愀猀 愀 猀攀琀琀椀渀最 昀漀爀 搀椀愀洀漀渀搀 樀攀眀攀氀氀攀爀礀⸀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
| WINDOW OPTION | An option whose outcome depends on the performance of the underlying during the life of the option and whether that price lies between certain parameters on a certain observation day or days. |
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ഀഀ
| Y |
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ഀഀ
| Z |
㰀琀爀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀㰀戀㸀娀䔀刀伀ⴀ䌀伀匀吀 伀倀吀䤀伀一㰀⼀戀㸀㰀⼀琀搀㸀㰀琀搀 瘀愀氀椀最渀㴀琀漀瀀㸀䄀渀 漀瀀琀椀漀渀 猀琀爀愀琀攀最礀 甀渀搀攀爀 眀栀椀挀栀 漀渀攀 漀瀀琀椀漀渀 椀猀 瀀甀爀挀栀愀猀攀搀 戀礀 猀椀洀甀氀琀愀渀攀漀甀猀氀礀 猀攀氀氀椀渀最 愀渀漀琀栀攀爀 漀瀀琀椀漀渀 漀昀 攀焀甀愀氀 瘀愀氀甀攀⸀ ⠀猀攀攀 愀氀猀漀 䴀椀渀⼀䴀愀砀⤀㰀⼀琀搀㸀㰀⼀琀爀㸀ഀഀ
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