Explanations of "Gold" investment-related terms A to Z

The OTC Bulletin Board (or OTCBB) is an electronic inter-dealer quotation system to display real-time quotes, last-sale prices and volume information for over-the-counter (OTC) equity securities that are not listed on the Nasdaq, NYSE or other stock exchanges.

Ounce (abbreviated oz) is a unit of mass that has several definitions. Most commonly it refers to the weight of approximately 28 grams.

We can say that something (i.e. individual asset, entire market, technical indicator) is overbought when its value rises so high that (according to the technical analysis) it’s unlikely to advance even further. Generally, an overbought market is a sign that a downward correction is likely to occur. Traders use indicators such as Relative Strength Index (RSI), Stochastic Oscillator, Money Flow Index to identify overbought conditions. For example, one can view a given market as “overbought” if the RSI indicator for this market is above 70.

Overnight Positions is a term which is used in relation to trade on international financial, currency and commodity futures markets. A position can be defined as an exposure to the shifts in a specific market. Traders are exposed to the movement of markets when they place a buy or sell order on a specific market, i.e. they are in a position to profit from or incur losses from movements on the market or index.

In this instance trading refers to the buying and selling of financial products, currencies and commodities which take place on international markets. The improvement in information technology has opened access to a variety of financial markets across the globe and on some types of market (such as currency markets), it is now possible to trade 24 hours a day.

We can say that something (i.e. individual asset, entire market, technical indicator) is oversold when its value falls so low that (according to the technical analysis) it’s unlikely to decline even further. Generally, an oversold market is a sign that a rebound is likely to occur. Traders use indicators such as Relative Strength Index (RSI), Stochastic Oscillator, Money Flow Index to identify oversold conditions. For example, one can view a given market as “oversold” if the RSI indicator for this market is below 30.

An over-the-counter (OTC) market is a decentralized market, without a central physical location where market participants trade.

Pair trading is a market neutral trading strategy that profits from virtual market risk conditions such as sharp swings or sideways movements. Relative price movements between the stocks validate profits on trade. Also, pair trading is a hedge against individual fluctuations in the sector and the overall market where the stocks belong.

Palladium was discovered in 1803 by William Hyde Wollaston who found it in the crude ore from South America after conducting some chemical reactions. He named it after an asteroid 2 Pallas, which itself was named after an image of Pallas, a goddess killed by Athena. Because palladium was discovered so late, it did not generally serve as money, but it was sometimes used in coinage and some of these coins were even legal tender.

Palladium has never practically served as money, but it is used as an investment. It is a precious metal, which has ISO currency codes of XPD and 964. Although palladium is often positively correlated with gold, it is much more widely used in the industry, so it behaves more like a commodity and it is more business cycle-sensitive than the yellow metal.

How much does palladium cost? Why are you asking about it? Just look at kitco.com and do not bother us! Yeah, sure, we know what the price of palladium per ounce is. But how much does it cost to produce it?

After the outbreak of the COVID-19, we are now all epidemiologists! We explain what does an “epidemic” means in another dictionary entry. But what is a  pandemic and how it differs from an epidemic?

To call an epidemic a “pandemic”, three criteria generally need to be met. First, it needs to cause disease or death. Second, there must be sustained transmission between people. And third, it must be spreading in multiple countries. This is the key difference: pandemic is in essence an epidemic with much higher geographical spread. Pandemic affects most countries across all continents, or even the whole globe. This is why the COVID-19, which has been reported in more than 120 countries, has been officially designated as pandemic.

However, the geographical is not the only difference between epidemic and pandemic – another is, as WHO Director-General, Dr. Tedros Adhanom Ghebreyesus said, “we have never before seen a pandemic that can be controlled”.