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Closing prices 20th October 2017 - ICE Dec 2017 USD Index 93.60 + 0.480 NYMEX Dec 2017 crude oil WTI US$51.96/barrel + 0.45 COMEX Dec. 2017 gold US$1282.20/oz - 7.80 CME Dec. 2017 soft wheat US 426 c/bushel - 6.75 CME Dec.2017 AUD/USD 0.7810 - 0.0047
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Gold and Precious Metal Trading Course – Melbourne. 6 – 7th November 2014

COURSE OVERVIEW

This course is designed for both traders and physical hedgers of gold and precious metals. It consolidates basic information and aims to progress towards more advanced knowledge. There are two modules which are differentiated between markets-trading, and hedging-risk management. Participants can select individual module days, but it is strongly recommended that Module two follow module one.

Module One. Thursday 6th November focuses on commodity markets with a special emphasis on understanding forward markets and their significance in providing important signals for both trading and hedging. Topics include trading psychology, charting techniques, technical analyses, futures and currency markets, and simulated trading.

Module Two. Friday 7th November includes is focused on hedging including forward contracting, futures and options hedging, over-the-counter bank pricing products, as well as basis risk and strategy evaluation techniques.

Objectives of the course - On completion of the course, you will be able to:

  • Understand commodity markets and forward market characteristics
  • Use forward market signals in your trading and hedging decision making
  • Interpret price charts for use in trading and hedging decision-making
  • Apply technical analysis techniques and understand their purpose
  • Improve your entry and exit decision making techniques
  • Identify trade-offs in risk: reward decision making under uncertainty
  • Hedge commodities and manage currency risk
  • Interpret basis and basis movement, and hedging risks

Dr John Williams. Executive Director with a doctorate in supply chain decision making, masters in agribusiness, degrees in economics and agricultural science, a diploma in technical analysis, and authored Competition and Efficiency in International Food Supply Chains: Improving Food Security (2012) and Agricultural Supply Chains and the Challenge of Price Risk (2013). John specializes in supply chain risk management, the development of forward markets, supply chain integration, improving competition, and increasing efficiency. He has worked on supply chain projects in China, Vietnam, and the Middle East.

Stephen (Ox) Noonan. Director Markets, capital funds managing-director, alternate investments manager, financial adviser, futures market authorized representative, commodity trader, and technical analyst. Ox specializes in oil, gas, metals, and currency markets, portfolio management, diversified assets management, asset investments, asset performance testing, trading desk efficiencies, trader performance management, trading desk establishment and evaluation, trading performance monitoring, hedge fund management, market risk management, technical systems analyst, and trader psychology.

Daryl Koch. Director of Governance. Company director and secretary, Director of Accounting Technicians Australia, Executive Director of Canterbury Commercial Services, Fellow of FINSA, and Fellow of the Institute of Public Accountants as well as the Finance and Treasury Association. Daryl has worked in foreign exchange, interest rates, and operations risk management with major banks across a broad range of capital investment projects and commodities. He now focuses on governance, operational risk, derivatives, compliance and risk monitoring.

Steve Janev. Industrial engineering, commodity trading, systems operations, and technical analysis. Steve specializes in systems/operations performance analysis and measurement/ testing, project management including project monitoring and evaluation, and capital investment decision making.

Barclays Fined $44 Million for London Gold Fix

By Suzi Ring May 23, 2014

Barclays Plc (BARC) was fined 26 million pounds ($44 million) by Britain’s markets regulator after a trader was found to have manipulated the price of gold in 2012, dealing a blow to Antony Jenkins’s attempts to rehabilitate the lender’s reputation. The U.K. Financial Conduct Authority faulted the British bank for “failing to adequately manage conflicts of interest” with its customers between 2004 to 2013, according to the regulator’s statement. The FCA also fined the former trader, Daniel Plunkett, 95,600 pounds and banned him from the industry.

Plunkett “exploited the weaknesses in Barclays’s systems and controls to seek to influence” the gold fixing on June 28, 2012, according to the statement. His actions allowed Barclays to avoid making a $3.9 million payment to a client, though the bank later compensated the customer in full, the FCA said. Plunkett’s actions took place the day after the London-based bank was fined a record 290 million pounds for manipulating the London interbank offered rate. That fine led to the departure of Robert Diamond as chief executive officer. Jenkins, who took over after Diamond’s exit, has since pledged to rebuild Barclays’s relations with regulators and politicians.

 

Less Swiss gold for China: April 2014

Switzerland exported 110 tonnes of gold in April, down 21 percent against March figures. Less ETF gold is coming in from the US and UK.

Biggest buyers of Swiss gold were India, Hong Kong, China and Singapore. These countries alone account for 70 percent of all Swiss gold exports. However gold shipments to China decreased 54 percent in April. Swiss gold exports to Singapore were down 49 percent. Export figures for India and Hong Kong remained relatively stable.

Swiss Gold exports imports april 2014

 

 

Research objectives                                                                                                                               

To enhance the knowledge of how efficiency can be achieved in supply chains
To promote stronger commercial trade markets within supply chains
To foster an awareness of the importance of forward markets
To encourage integrative operations within supply chains
To increase competition and efficiency within supply chains
To improve the management of risk within supply chains

 

Research projects                                                                                                                            

Improve the adoption of risk management practices                                    Further the de-regulation of gold markets                                                      Study the correlation between gold, equities, and currency markets

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Gold and Precious Metal Trading Course – Melbourne. 25 – 26th September 2014

COURSE OVERVIEW

This course is designed for both traders and physical hedgers of gold and precious metals. It consolidates basic information and aims to progress towards more advanced knowledge. There are two modules which are differentiated between markets-trading, and hedging-risk management. Participants can select individual module days, but it is strongly recommended that Module two follow module one.

Module One. Thursday 25th September focuses on commodity markets with a special emphasis on understanding forward markets and their significance in providing important signals for both trading and hedging. Topics include trading psychology, charting techniques, technical analyses, futures and currency markets, and simulated trading.

Module Two. Friday 26th September includes is focused on hedging including forward contracting, futures and options hedging, over-the-counter bank pricing products, as well as basis risk and strategy evaluation techniques.

Objectives of the course - On completion of the course, you will be able to:

  • Understand commodity markets and forward market characteristics
  • Use forward market signals in your trading and hedging decision making
  • Interpret price charts for use in trading and hedging decision-making
  • Apply technical analysis techniques and understand their purpose
  • Improve your entry and exit decision making techniques
  • Identify trade-offs in risk: reward decision making under uncertainty
  • Hedge commodities and manage currency risk
  • Interpret basis and basis movement, and hedging risks

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