Posts Tagged ‘silver’

Silver Thursday definition explanation

What is Silver Thursday?
A steep fall in the price of silver that occurred on Thursday March 27, 1980. The sharp drop, on Silver Thursday, was triggered by a failed attempt to corner the silver market and it led to massive panic in other commodities. Read more for examples and further explanation including related video clips and also comments
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Continentals definition explanation

What is Continentals?
A form of paper currency used in the United States during the time of the revolutionary war (1775-1783). The paper money was used to help finance the cost of the war, but it quickly lost value because it was not backed by a physical asset such as gold or silver, sparking the term “”not worth a Continental”". Read more for examples and further explanation including related video clips and also comments
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Buttonwood Agreement definition explanation

What is Buttonwood Agreement?
The agreement between 24 of United States’ first and most prominent brokers. Rumored to have occurred under a “”buttonwood”" tree, this marked the beginnings of the investment community of Wall Street. Read more for examples and further explanation including related video clips and also comments
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Troy Ounce definition explanation

What is Troy Ounce?
A unit of measure for weight that dates back to the Middle Ages. Originally used in Troyes, France, the troy ounce was used when dealing with precious metals. One troy ounce is equal to 31.1034768 grams. Read more for examples and further explanation including related video clips and also comments
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Silver definition explanation

What is Silver?
An element commonly used in jewelry, coins, electronics, and photography. Silver has the highest electrical conductivity of any metal. Read more for examples and further explanation including related video clips and also comments
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Precious Metals definition explanation

What is Precious Metals?
A classification of metals that are considered to be rare and/or have a high economic value. The higher relative values of these metals are driven by various factors including their rarity, uses in industrial processes and use as an investment commodity.

Precious metals include, but are not limted to: gold, silver, platinum, iridium, rhodium and palladium. Read more for examples and further explanation including related video clips and also comments
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New York Mercantile Exchange – NYMEX definition explanation

What is New York Mercantile Exchange – NYMEX?
The world’s largest physical commodity futures exchange. Trading is conducted through two divisions: the NYMEX Division, which is home to the energy, platinum and palladium markets, and the COMEX Division, where metals like gold, silver and copper and the FTSE 100 index options are traded. The NYMEX uses an outcry trading system during the day and an electronic trading system after hours.

You’ll hear the NYMEX referred to as “”The Merc”". Read more for examples and further explanation including related video clips and also comments
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National Commodities And Derivatives Exchange – NCDEX definition explanation

What is National Commodities And Derivatives Exchange – NCDEX?
India’s largest and most recognized commodities exchange, which was established in 2003. The exchange was founded by some of India’s leading financial institutions such as ICICI Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural and Rural Development, among others. Read more for examples and further explanation including related video clips and also comments
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Chicago Board Of Trade – CBOT definition explanation

What is Chicago Board Of Trade – CBOT?
A commodity exchange established in 1848 that today trades in both agricultural and financial contracts. The CBOT originally traded only agricultural commodities such as wheat, corn and soybeans. Now, the CBOT offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds and energy. Read more for examples and further explanation including related video clips and also comments
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Bullion definition explanation

What is Bullion?
Gold and silver that is officially recognized as high quality (at least 99.5% pure), and is in the form of bars rather than coins. Read more for examples and further explanation including related video clips and also comments
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