Best electronic gold contract for swing trading

T

TraderD

I am looking at YG, ZG and GC. YG seems to be best choice - 10 point average spreads (~3$ per point). ZG comes second - spreads are on average 10 points (10$ per point). These markets are not as liquid as currencies/indexes.

Have not looked at gold ETF's yet. May be they are more cost effective.

Looking for feedback.
 
what time of day do you intend to put on or take off your positions in YG
during the daytime ?
( i.e. 8:20 am - 1:30 pm EST
and also from 2:00 pm EST - 4:00 pm EST )

are the most liquid ...

during asian and european hours ... beware
as the spreads can sometimes widen to $1.00
( $33.00 in dollar terms per YG contract )
or more ... less liquidity then

GLD is taxed differently than futures as it is an equity and your tax acct. might tell you it has a worse treatment than mining stocks like NEM
 
Quote from SethArb:



during asian and european hours ... beware
as the spreads can sometimes widen to $1.00
or more ... less liquidity then
More...

you can chat me on yahoo and I will post a higher bid or lower offer for you to hit. My id is "makebidoffer". Also, for gold you should be aware of london AM and PM fixing times.
 
Quote from TraderD:

I am looking at YG, ZG and GC. YG seems to be best choice - 10 point average spreads (~3$ per point). ZG comes second - spreads are on average 10 points (10$ per point). These markets are not as liquid as currencies/indexes.

Have not looked at gold ETF's yet. May be they are more cost effective.

Looking for feedback.
More...
The bid/ask spread is outrageous. During RTH, imo you are better of using GLD as a trading vehicle.

nitro
 
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