PT Quantum Futures

Gold

For thousands of years, gold has moved the human desire to own and keep it. It is believed that the color gold has a positive correlation with health and wealth.

The gold price has jumped to $835 per ounce in the year 1980, when compared to the $40 per ounce in 1968 and $500 per ounce in 1979. Today the gold price is at the $600 to $700 level per ounce.
(1 ounce = 28.3495 grams)

These days gold have been a very compelling investment area. This is caused by the fact that gold is known as “Safe Heaven of Value”, which is not affected by inflation and international conflicts (economic crisis).

About 25% (or 30,000 tons) of gold reserve in the world is owned by the central banks (source: World Gold Council), which again is divided by 10 large World Central Banks:
(in tons)

1.    USA                 = 8188.5
2.    Germany         = 3427.8
3.    IMF               = 3217.3
4.    France             = 2892.6
5.    Italy                = 2451.8
6.    Switzerland     = 1290.1
7.    Japan               = 765.2
8.    Netherlands     = 722.4
9.    ECB                  = 719.9 (European Central Bank)
10. China     = 600

The rest 75% of gold usage is for jewelries.

Gold Trading Margin in PT. Quantum Futures

Unlike the stock trading where the profit will be made when the market is going up, Gold Market gives the chance to make profit when the market is going up and down.

In the gold market, investors/ traders can buy/ long when hoping the price will go up, or they can sell/ short when feeling that the price is going down. In this case the gold market offers a better flexibility.

The price movement analysis that are being used are the same with Forex, Index or even CFD, which is using the Technical Analysis and Fundamental Analysis.

Transaction Conditions and Regulations	GOLD / KAU
Contract	$100
Initial Margin (minimum)	IDR 100.000.000
Margin requirement day trade	IDR 6.000.000
Margin requirement overnight	-
Financing charge	Open Buy (-) $6.50 / lot Open Sell (+) $3.50 / lot
Commission	$50 / lot settled
Contract month(s)	SPOT
Spread	50 cent (from bid price)
Maximum lot no. /DQ	30 lots
Transaction time (Western Indonesian Time)	Monday 07.00 – Saturday 00.15
Rate	IDR 6,000
Order Limit	Buy (+) $3 from bid price Sell (-) $3 from bid price LO done with maximum 1 Bank

Profit/loss example:

1. Gold running in $622.00 price point (Bid). Customer did transaction with starting position of Open Buy at $622.50 for 2 lots. He then Close Sell at $625.00 price point. The profit calculation is:
(($625.00 - $622.50)) x 2 lots x $100 – ($50 x 2 lots) =
(+) $400 or (+) IDR 2,400,000.

2. Gold running in $622.90 price point (Bid). Customer did transaction with starting position of Open Sell at $622.90 for 2 lots. He then Close Buy at $624.50 price point (running price was $624.00). The loss calculation is:
(($622.90 - $624.50) x 2 lots x $100) – ($50 x 2 lots) =
(-) $420 or (-) IDR 2,250,000.

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Newsflash

NEW YORK, Dec 18 (Reuters) - Rates banks charge each other for U.S. dollar-denominated funds slid to fresh 4-1/2 year lows on Thursday in the wake of the U.S. Federal Reserve's move this week to keep interest rates at rockbottom levels for a sustained period.

The Fed's dramatic measure that sent its target rate to a record low range of zero to 0.25 percent has helped to unlock credits for cash-strapped borrowers, but it has not been the immediate jolt that some traders had hoped.