PL/GC

spreadem · Jan 6, 2015

PL only $6 over GC. Time for a buy. Anybody else trade these spreads?

Trader13 · Jan 6, 2015

It's a nice setup, but I just don't like being short gold. Any whiff of a crisis and I don't think any spread will hedge a jump in gold.

spreadem · Jan 12, 2015

PLJ5-GCJ5 trading between $8-$9 now ... still watching.

spreadem · Jan 20, 2015

Trader13 said:
It's a nice setup, but I just don't like being short gold. Any whiff of a crisis and I don't think any spread will hedge a jump in gold.

SF currency crisis causes spread to go negative. I'm taking a shot with PLJ5/GCJ5 at -16.0

bone · Jan 20, 2015

CME Intermarket Metals Spread Ratios show 2 Platinum versus 1 Gold with a 65% margin credit.

http://www.cmegroup.com/trading/met...l?marginsTab=INTER#sector=METALS&exchange=NYM

spreadem · Jan 27, 2015

bone said:
CME Intermarket Metals Spread Ratios show 2 Platinum versus 1 Gold with a 65% margin credit.

http://www.cmegroup.com/trading/met...l?marginsTab=INTER#sector=METALS&exchange=NYM

Yes ... about $5800 with a profit objective of $2000. That's about 34%. Luv those margin credit spreads !!!

bone · Jan 27, 2015

spreadem said:
Yes ... about $5800 with a profit objective of $2000. That's about 34%. Luv those margin credit spreads !!!

My new clients are usually astonished at the diversity and number of spread positions they can have on simultaneously with such modest capitalization. Having said that, I wouldn't necessarily recommend a metals, or cotton, or energy crack spread for my noobs transitioning from paper trading to the live markets. But the higher margin credit spread combinations will likewise have less volatility and higher correlations typically. You might be in a Eurodollar butterfly spread for five months. Likewise, you might hit your profit target or get stopped out in SI vs GC in a matter of days !

spreadem · Jan 29, 2015

spreadem said:
SF currency crisis causes spread to go negative. I'm taking a shot with PLJ5/GCJ5 at -16.0

Taking another shot with spread -46.0 ... yep, I'm doubling down.

ballsofgold · Feb 9, 2015

are you still in? I bought the dip today at -18.50......

how did you play it, what is your average?

spreadem · Feb 9, 2015

ballsofgold said:
are you still in? I bought the dip today at -18.50......

how did you play it, what is your average?

Yes I'm still in. I bought in @ -16 and @ -46. I'm about back even now after being way underwater. Playing for the spread to expand upside when metals complex make a bullish move. Lately metals complex has been weak.