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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. 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

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.

Chinese port stops metal shipments due to probe 

By Melanie Burton, Sydney, June 2, 2014

 (Reuters) - China's northeastern port of Qingdao has halted shipments of aluminium and copper due to an investigation by authorities, causing concern among bankers and trade houses financing the metals, trading and warehousing sources said on Monday. Port authorities could not immediately be reached for comment. China has a public holiday on Monday. "We were told we can't ship any material out while they do this investigation," a source at a trading house said.


The port of Qingdao is China's third-largest foreign trade port and the world's seventh-largest port, trading with 700 ports in more than 180 countries, according to its website. "Banks are worried about their exposure," one warehousing source in Singapore said. "There is a scramble for people to head down there at the minute and make sure that their metal that they think is covered by a warehouse receipt actually exists," he said.


Metal imports have been partly driven in China as a means to raise finance, where traders can pledge metal as collateral to obtain better terms. In some cases the same shipment can be pledged to more than one bank, fuelling hot money inflows and spurring a clampdown by Chinese authorities. "It appears there is a discrepancy in metal that should be there and metal that is actually there," said another source at a warehouse company with operations at the port.


"We hear the discrepancy is 80,000 tonnes of aluminium and 20,000 tonnes of copper, but we hear that the volumes will actually be higher. It's either missing or it was never there - there have been triple issuing of documentation," he said. "Once the investigation is over, it could be bearish for metals. I think that a lot of Western banks will try to offload material and try not to deal with Chinese merchants," the trading source added.

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 profitability in metal supply chains

 

Research projects                                                                                                                            

  • Study the correlation between metal prices and currency movement
  • Analyse the geo-politics of Chinese metal markets    
  • Investigate the adoption barriers in risk management                                                

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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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