TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A purchase agreement that provides an upfront capital payment to mine operators and explorers in exchange for a percentage of [precious‑metal] output [— such as gold, silver, or any platinum-group metal] at a below‑market cost.  2, record 1, English, - precious%20metal%20stream

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Entente d'achat qui prévoit un paiement initial versé à des exploitants ou à des sociétés d'exploration minière en échange d'un pourcentage de la production de métaux précieux — tels que l'or, l'argent ou tout métal du groupe du platine — à un prix inférieur à celui du marché.  2, record 1, French, - flux%20de%20m%C3%A9taux%20pr%C3%A9cieux

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A financial transaction in which securities, commodities or foreign exchange are bought or sold at the current price for immediate delivery.  2, record 2, English, - spot%20contract

Record number: 2, Textual support number: 1 CONT

Precious metals contracts and financial contracts on commodities can involve spot, forward, futures and option contracts. Precious metals are mainly gold, silver and platinum. Commodities are bulk goods such as grains, metals and foods traded on a commodities exchange or on the spot market. [Office of the Superintendent of Financial Institutions].  3, record 2, English, - spot%20contract

Record number: 2, Textual support number: 1 OBS

Compare with "forward contract" and "futures (contract)".  4, record 2, English, - spot%20contract

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Les contrats sur les métaux précieux et les contrats financiers sur les marchandises peuvent prendre la forme de contrats au comptant, de contrats à effet différé, de contrats à terme et de contrats à option. Les métaux précieux sont principalement l'or, l'argent et le platine. Les marchandises sont des biens en vrac comme les grains, les métaux et les aliments échangés dans une bourse de denrées ou sur le marché au comptant. [Bureau du surintendant des institutions financières].  2, record 2, French, - contrat%20au%20comptant

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

Transacción financiera en la que los títulos, mercancías o divisas se compran o venden al precio vigente en el momento de la transacción para entrega inmediata.  1, record 2, Spanish, - contrato%20al%20contado

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

A market in which contracts are traded for the future delivery of commodities(coffee, gold), currencies(marks, pounds) and financial instruments(Treasury bills, certificates of deposit).  3, record 3, English, - futures%20market

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Marché organisé sur lequel sont négociés les contrats à terme sur devises, sur marchandises, sur taux d'intérêt ou sur indice boursier, de même que les opérations sur contrats à terme.  3, record 3, French, - march%C3%A9%20%C3%A0%20terme

Record 3,  Textual support,  Spanish

Record number: 3, Textual support number: 1 DEF

Mercado organizado en el cual se negocian los contratos a término de divisas, mercancías o tasas de interés y los contratos a término de instrumentos financieros.  2, record 3, Spanish, - mercado%20de%20futuros

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

Extractivism is the process of extracting natural resources from the Earth to sell on the world market. It exists in an economy that depends primarily on the extraction or removal of natural resources that are considered valuable for exportation worldwide. Some examples of resources that are obtained through extraction include gold, diamonds, lumber and oil. This economic model has become popular in many Latin American countries but is becoming increasingly prominent in other regions as well.  2, record 4, English, - extractivism

Record number: 4, Textual support number: 1 OBS

... during the last couple of years, the term has become increasingly important in Latin America, especially amongst scientists dealing with the recent economic developments of the region ... Contemporary discussion focuses on the efforts of left leaning governments using revenues from resource extraction to finance social programs for the poor and middle classes in their respective countries. Negative effects such as environmental degradation and social costs are also highlighted in critical approaches ...  3, record 4, English, - extractivism

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 CONT

[L']«extractivisme», néologisme […] né en Amérique latine, […] désigne, [selon] la définition la plus connue [...], une forme particulière d'extraction de ressources minières et naturelles, marquée par une forte intensité d'extraction (en volume), des richesses majoritairement destinées à l'exportation et peu (ou pas) transformées au moment d'être exportées.  2, record 4, French, - extractivisme

Record 4,  Textual support,  Spanish

Record number: 4, Textual support number: 1 DEF

[...] extracción de recursos naturales, en gran volumen o alta intensidad, y que están orientados esencialmente a ser exportados como materias primas sin procesar, o con un procesamiento mínimo.  1, record 4, Spanish, - extractivismo

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

The assets denominated in foreign currency, plus gold, held by a central bank, sometimes for the purpose of intervening in the exchange market to influence or peg the exchange rate.  2, record 5, English, - international%20reserve

Record number: 5, Textual support number: 1 OBS

international reserve: term usually used in the plural.  3, record 5, English, - international%20reserve

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

Les réserves internationales d'un pays se composent des [...] avoirs extérieurs qui sont à la disposition immédiate et sous le contrôle des autorités monétaires et qui leur permettent de financer directement les déséquilibres des paiements, de régulariser indirectement l'ampleur de ces déséquilibres au moyen d'interventions sur le marché des changes [...] et de parer à d'autres besoins[.]  2, record 5, French, - r%C3%A9serve%20internationale

Record number: 5, Textual support number: 1 OBS

réserve internationale : terme habituellement utilisé au pluriel.  3, record 5, French, - r%C3%A9serve%20internationale

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 OBS

A 1968 agreement... froze the gold in the official reserves of individual nations... Under the agreement, two gold markets were established. One, the official gold market, would continue to price gold at thirty-five dollars an ounce in transactions between central banks and international monetary institutions; the other, the free market, would operate at supply and demand prices, with gold seeking its own level... The need for such an agreement came to an end in 1971...  3, record 6, English, - two%2Dtier%20gold%20system

Record 6,  Textual support,  French

Record 6,  Textual support,  Spanish

Record number: 6, Textual support number: 1 DEF

Sistema monetario internacional propuesto en 1967 en el cual existían dos mercados para el oro: el mercado oficial de 35 dólares la onza, y reservado a las transacciones oficiales entre bancos centrales; y el mercado libre al que acudirían el resto de oferentes y demandantes. Desapareció en noviembre de 1973.  3, record 6, Spanish, - doble%20mercado%20de%20oro

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

A bar weighing approximately 400 ounces troy, having a minimum fineness of. 955, and carrying the internationally recognized markings of a refiner or assayer listed on the "good delivery list"; a gold trading unit used in the London Gold Market.  1, record 7, English, - London%20Good%20Delivery%20bar

Record number: 7, Textual support number: 1 OBS

The Royal Canadian Mint appears on the good delivery list.  1, record 7, English, - London%20Good%20Delivery%20bar

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 DEF

Lingot pesant environ 400 onces troy, affichant un titre d'au moins 955 (,955 ou 955 0/00) et portant la marque d'un affineur ou d'un essayeur reconnu internationalement et dont le nom figure sur la good delivery list; lingot négociable servant d'unité sur le marché de l'or de Londres.  1, record 7, French, - lingot%20bonne%20livraison

Record number: 7, Textual support number: 1 OBS

La Monnaie royale canadienne figure sur la liste «bonne livraison».  1, record 7, French, - lingot%20bonne%20livraison

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Refined gold, usually of a minimum fineness of 995 parts per 1, 000, in bar or wafer form, the most widely accepted and secure investment method; each bar or plate carries the hallmark of the refiner, its weight and fineness, and is individually numbered. The market price of gold is quoted on gold bullion.  2, record 8, English, - hallmark

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 CONT

Or raffiné, ordinairement d'un aloi d'au moins 995 parties sur 1 000, sous la forme de barres ou de plaquettes; c'est la forme d'investissement la plus sûre et la plus répandue; chaque barre ou plaquette porte le poinçon de l'affineur, son poids et son aloi, ainsi qu'un numéro qui lui est propre; le cours du marché de l'or est coté pour l'or en lingots.  2, record 8, French, - poin%C3%A7on%20de%20l%27affineur

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 OBS

The gold market consists of five members that meet daily at the premises of N. M. Rothschild for the purpose of ’fixing’ the price of gold in US. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].  2, record 9, English, - London%20Gold%20Market

Record 9,  Textual support,  French

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

The market price of money in one national currency that is exchanged at the official rate for a specific amount in another national currency or for another commodity of value(gold, silver, etc.).  4, record 10, English, - exchange%2Drate%20parity

Record number: 10, Textual support number: 1 CONT

Within any one year the exchange-rate parity is to be permitted to move some maximum stipulated amount, say, 1 or 1 1/2 per cent.  1, record 10, English, - exchange%2Drate%20parity

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish

Record number: 10, Textual support number: 1 DEF

Tipo de cambio de la moneda interna frente al valor de las divisas.  4, record 10, Spanish, - paridad%20cambiaria

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 OBS

The only commodities exchange and futures market in Canada. The main items traded are various grains, gold, interest-rate futures, and lumber. In October 1979, the exchange announced plans to establish a separate division, the Canadian Financial Market, to offer futures trading in treasury bills, government bonds, gold and gold options.... In 1972, it changed its name from Winnipeg Grain and Produce Exchange to Winnipeg Commodity Exchange, reflecting its ambitions as a commodities exchange and futures market, although futures had been traded at the exchange since 1904.  3, record 11, English, - Winnipeg%20Commodity%20Exchange

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 OBS

[La Bourse des marchandises de Winnipeg] est une bourse canadienne. [...] [elle] fut la première à ouvrir dès 1972 un marché à terme sur l'or. [...] l'orge, le lin, l'avoine, le colza et le seigle demeurent les principales marchandises négociées à terme.  5, record 11, French, - Bourse%20des%20marchandises%20de%20Winnipeg

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 OBS

... there's the gold-collar sector--that part of the job market that's flourishing even in these turbulent economic times.... gold-collar workers are computer-literate and well-educated, with highly-developed marketing and/or financial skills.  2, record 12, English, - gold%2Dcollar%20job

Record number: 12, Textual support number: 2 OBS

An example of a gold-collar job is vice-president of marketing for a computer-consulting company. (Based on HOMAG, 1993, Sept., p. 22).  1, record 12, English, - gold%2Dcollar%20job

Record number: 12, Textual support number: 3 OBS

These dramatic shifts in the job market offer a wealth of opportunities to... change jobs or switch fields; to move from pink to white [collar], white to silver [collar], silver to gold [collar].  2, record 12, English, - gold%2Dcollar%20job

Record 12,  Textual support,  French

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 CONT

The afternoon fix of the London gold market established that day is used to settle out all open contracts.  2, record 13, English, - open%20contract

Record 13,  Textual support,  French

Record number: 13, Textual support number: 1 CONT

Le prix de l'or fixé par le marché londonien dans l'après-midi de cette journée est utilisé pour régler tous les contrats ouverts.  1, record 13, French, - contrat%20ouvert

Record 13,  Textual support,  Spanish

Record number: 13, Textual support number: 1 DEF

Número total de contratos de futuros existentes en un producto dado que no han sido liquidados mediante la compensación de transacciones.  2, record 13, Spanish, - contrato%20abierto

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 CONT

The endowment of the ECB(European Central Bank) restricts its operations in the markets for gold and foreign currencies. This shift(interest in emerging countries’ economies) crystallised in the early years of market transition in Eastern Europe and the former Soviet Union.  1, record 14, English, - market%20transition

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 CONT

Les pouvoirs conférés à la BCE (Banque centrale européenne) limitent en effet ses interventions aux opérations sur les marchés de l'or et de change. Le changement (intérêt pour les économies émergentes) s'est cristallisé durant les premières années de la transition à l'économie de marché des pays d'Europe de l'Est et de l'ex-Union Soviétique.  1, record 14, French, - transition%20%C3%A0%20l%27%C3%A9conomie%20de%20march%C3%A9

Record 14,  Textual support,  Spanish

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 DEF

The daily practice by five participating London bullion houses of fixing the free-market gold price by matching the bid and offer prices.  3, record 15, English, - fixing

Record number: 15, Textual support number: 1 CONT

The London Gold Market... remains the world's most watched market on the basis of two daily fixings... At these fixings, the five members meet to match the buy and sell orders of their customers and thus establish a single quoted gold price, which is then flashed around the world.  4, record 15, English, - fixing

Record 15,  Textual support,  French

Record number: 15, Textual support number: 1 DEF

Cotation de base de la barre d'or sur le marché. Depuis que la barre d'or est cotée à Paris, l'expression anglaise fixing, qui s'applique à la cotation de la barre sur le marché de Londres, tend à se répandre pour cette même cotation à Paris.  3, record 15, French, - fixing

Record 15,  Textual support,  Spanish

Record 16,  Textual support,  English

Record number: 16, Textual support number: 1 CONT

[In 1913-14] the Federal Reserve System was a managed money standard system. Being managed meant that policy makers were not required to increase reserve bank credit automatically when gold flowed to the U. S. as the rest of the world failed to deflate as fast as the U. S. Rather, they could choose to watch something else, for example the stock market, as a signal that money was too easy.  1, record 16, English, - managed%20money%20standard%20system

Record 16,  Textual support,  French

Record number: 16, Textual support number: 1 CONT

[En 1913-1914] le Système fédéral de Réserve était un système administré d'étalon-devise. «Administré» signifie que les autorités monétaires n'étaient pas tenues d'accroître automatiquement les crédits des Banques de Réserve lorsque l'or affluait vers les États-Unis en provenance des autres pays qui n'enregistraient pas une déflation aussi rapide que ces derniers. Les autorités pouvaient choisir d'observer d'autres indicateurs, le marché boursier par exemple, pour déterminer si la politique monétaire était trop laxiste.  1, record 16, French, - syst%C3%A8me%20administr%C3%A9%20d%27%C3%A9talon%2Ddevise

Record 16,  Textual support,  Spanish

Record 17,  Textual support,  English

Record number: 17, Textual support number: 1 OBS

A leading gold centre for centuries, the London Market is organized in terms of the trading hours and the specifications relating to trading units, quality, delivery, insurance, and other such aspects; two daily gold fixings are conducted, defining price in terms of U. S. dollars.  1, record 17, English, - London%20Market

Record 17,  Textual support,  French

Record 17,  Textual support,  Spanish

Record 18,  Textual support,  English

Record number: 18, Textual support number: 1 CONT

Precious metals contracts and financial contracts on commodities can involve spot, forward, futures and option contracts. Precious metals are mainly gold, silver and platinum. Commodities are bulk goods such as grains, metals and foods traded on a commodities exchange or on the spot market. [Office of the Superintendent of Financial Institutions].  1, record 18, English, - financial%20contract

Record 18,  Textual support,  French

Record number: 18, Textual support number: 1 CONT

Les contrats sur les métaux précieux et les contrats financiers sur les marchandises peuvent prendre la forme de contrats au comptant, de contrats à effet différé, de contrats à terme et de contrats à option. Les métaux précieux sont principalement l' or, I'argent et le platine. Les marchandises sont des biens en vrac comme les grains, les métaux et les aliments échangés dans une bourse de denrées ou sur le marché au comptant. [Bureau du surintendant des institutions financières].  1, record 18, French, - contrat%20financier

Record number: 18, Textual support number: 1 OBS

Le terme "obligation financière contractuelle" est tiré du journal l'Observateur, no 39 .25.  2, record 18, French, - contrat%20financier

Record 18,  Textual support,  Spanish

Record 19,  Textual support,  English

Record number: 19, Textual support number: 1 CONT

One of the advantages of Exchange-traded precious metal certificates is that complete market information(high, low, close, volume) is available in the daily press. A telephone call to your ME [Montreal Exchange] member will provide you with instant, up-to-date quotes on the current gold or silver certificate market(buying and selling price).  2, record 19, English, - silver%20certificate%20market

Record 19,  Textual support,  French

Record number: 19, Textual support number: 1 CONT

Un des avantages offerts par les certificats de métaux précieux négociés en Bourse tient au fait que les journaux donnent tous les jours des renseignements complets sur les cours (maximum, minimum, fermeture, volume). Un simple appel à votre négociant en certificats de métaux précieux vous fournira immédiatement le cours le plus récent du marché des certificats d'or ou d'argent (prix d'achat de vente).  2, record 19, French, - march%C3%A9%20des%20certificats%20d%27argent

Record 19,  Textual support,  Spanish

Record 20,  Textual support,  English

Record number: 20, Textual support number: 1 CONT

The ME [Montreal Exchange] precious metal certificate market is in session every business day from 9 : 00 a. m. to 4 : 00 p. m. Any quantity of gold or silver in troy ounces may be bought or sold, subject to a 5 troy ounce minimum order per gold certificate or 250 troy ounce minimum order per silver certificate.  3, record 20, English, - precious%20metal%20certificate%20market

Record 20,  Textual support,  French

Record number: 20, Textual support number: 1 CONT

Le marché des certificats de métaux précieux, à la Bourse de Montréal, est ouvert de 9 h à 16 h tous les jours ouvrables. L'achat ou la vente peut porter sur toute quantité d'or ou d'argent, sous réserve d'un ordre minimal de cinq onces troy dans le cas de l'or ou de 250 onces troy dans le cas de l'argent.  2, record 20, French, - march%C3%A9%20de%20certificats%20de%20m%C3%A9taux%20pr%C3%A9cieux

Record 20,  Textual support,  Spanish

Record 21,  Textual support,  English

Record number: 21, Textual support number: 1 CONT

This dual attraction of gold and silver-profits from daily volatility and protection of the long-term value of assets-has brought about some interesting developments in the precious metal market in recent years.  2, record 21, English, - precious%20metal%20market

Record 21,  Textual support,  French

Record number: 21, Textual support number: 1 CONT

Ce doublé attrait de l'or et de l'argent, c'est-à-dire les profits tirés des fluctuations quotidiennes et le maintien de la valeur des éléments d'actif à long terme, a suscité, ces dernières années, certaines initiatives intéressantes sur le marché des métaux précieux.  2, record 21, French, - march%C3%A9%20des%20m%C3%A9taux%20pr%C3%A9cieux

Record 21,  Textual support,  Spanish

Record 22,  Textual support,  English

Record number: 22, Textual support number: 1 CONT

However, as is the case for a gold call buyer, the maximum loss for a gold put buyer is the premium paid for the put-in this case US $ 320. For gold put buyers(as for gold call buyers), the two key advantages of the gold options market are this limited risk of capital loss coupled with the high leverage which affords them a large profit potential.  3, record 22, English, - gold%20put%20buyer

Record 22,  Textual support,  French

Record number: 22, Textual support number: 1 CONT

Cependant, comme dans le cas de l'acheteur d'une option d'achat d'or, la perte maximale de l'acheteur d'une option de vente est le prix qui a été versé pour l'option de vente, en l'occurrence 320$ US. Pour les acheteurs d'options de vente d'or (comme pour les acheteurs d'options d'achat d'or), les deux principaux avantages du marché des options sur l'or consistent dans ce risque limité de perte de capital, joint au fort effet de levier qui leur offre un important potentiel de profit.  2, record 22, French, - acheteur%20d%27option%20de%20vente%20sur%20l%27or

Record 22,  Textual support,  Spanish

Record 23,  Textual support,  English

Record number: 23, Textual support number: 1 CONT

Once you have decided that gold options are for you, the next step is to open an account with an investment broker. This is simple to do. The brokerage firm should be a member of The Montreal Exchange or the Vancouver Stock Exchange and have brokers qualified to deal with the public in gold options-these brokers are officially known as registered options representatives. A multitude of brokerage firms are able to act on your behalf in the gold options market.  3, record 23, English, - gold%20options%20market

Record 23,  Textual support,  French

Record number: 23, Textual support number: 1 CONT

Une fois que vous avez décidé d'investir dans les options sur l'or, la prochaine étape consiste à ouvrir un compte auprès de votre courtier en valeurs mobilières. C'est tout simple. La maison de courtage doit être membre de la Bourse de Montréal ou de la Bourse de Vancouver et disposer de représentants qualifiés pour négocier des options sur l'or avec le public. Un nombre assez important de maisons de courtage sont en mesure de vous représenter sur la marché des options sur l'or.  3, record 23, French, - march%C3%A9%20des%20options%20sur%20l%27or

Record 23,  Textual support,  Spanish

Record 24,  Textual support,  English

Record number: 24, Textual support number: 1 CONT

With the introduction of organized gold options and gold futures markets on North American and European exchanges in the past decade(in addition to the already existing cash markets for gold throughout the world), these investors have been able to participate directly in the gold market... without necessarily buying or selling actual gold.  2, record 24, English, - gold%20futures%20market

Record 24,  Textual support,  French

Record number: 24, Textual support number: 1 CONT

Grâce à la création de marchés organisés des options sur l'or et de marchés à terme de l'or sur les Bourses nord-américaines et européennes au cours de la dernière décennie (...), ces investisseurs ont été en mesure de prendre une part directe au marché aurifère (...) sans nécessairement acheter ou vendre l'or lui-même.  2, record 24, French, - march%C3%A9%20%C3%A0%20terme%20de%20l%27or

Record 24,  Textual support,  Spanish

Record 25,  Textual support,  English

Record number: 25, Textual support number: 1 CONT

Gold put options can be used by either a speculator who does not have a gold cash market position but wishes to profit froma falling gold price, or a hedger who owns and/or plans to sell gold and fears that a drop in the price of gold will erode the value of his gold assets. A gold put option enables a speculator to profit from-and a hedger to protect himself against-a decrease in the gold price.  3, record 25, English, - gold%20put%20option

Record 25,  Textual support,  French

Record number: 25, Textual support number: 1 CONT

(...) Trois mois plus tard, le 15 janvier, le prix de l'or a effectivement baissé de 31 $ US pour s'établir à 404 $ US l'once troy et le prix d'une option de vente or/mai/400 a augmenté de 22 $ US; il est maintenant de 54 $ US l'once troy. L'investisseur décide que le prix de l'or s'est stabilisé à environ 400 $ US l'once et vend une option de vente or/mai/400 pour liquider sa position. Il a réalisé un profit de 220 $ US (avant frais de courtage) sur un investissement de 320 $ US.  1, record 25, French, - option%20de%20vente%20or

Record 25,  Textual support,  Spanish

Record 26,  Textual support,  English

Record number: 26, Textual support number: 1 CONT

When the M. E. [Montreal Exchange] authorizes trading in a new expiry month, it usually selects three exercise prices surrounding the market price of gold at $25 per oz. intervals. For example, if gold was trading at $US400 per troy oz when trading of a new expiration month was introduced, three series would ordinarily be introduced with exercise prices of $US375, $US400 and $US425 respectively.  2, record 26, English, - expiry%20month

Record 26,  Textual support,  French

Record number: 26, Textual support number: 1 CONT

Lorsque la Bourse de Montréal autorise la négociation d'une option avec un nouveau mois d'expiration, elle choisit généralement trois prix de levée qui sont voisins du cours du marché de l'or à des intervalles de 25$ par once d'or. Par exemple, si l'or se négocie à 400$ U.S. par once troy lorsqu'une option avec un nouveau mois d'expiration est mise sur le marché, trois séries seraient habituellement lancées avec des prix de levée de 375$ U.S., 400$ U.S. et 425$ U.S. respectivement.  3, record 26, French, - mois%20d%27expiration

Record 26,  Textual support,  Spanish

Record 27,  Textual support,  English

Record number: 27, Textual support number: 1 CONT

However, as is the case for a gold call buyer, the maximum loss for a gold put buyer is the premium paid for the put-in this case US$ 320. For gold put buyers(as for gold call buyers), the two key advantages of the gold options market are this limited risk of capital loss coupled with the high leverage which affords them a large profit potential.  2, record 27, English, - gold%20call%20buyer

Record 27,  Textual support,  French

Record number: 27, Textual support number: 1 CONT

Cependant, comme dans le cas de l'acheteur d'une option d'achat d'or, la perte maximale de l'acheteur d'une option de vente est le prix qui a été versé pour l'option de vente, en l'occurrence 320$ US. Pour les acheteurs d'options de vente d'or (comme pour les acheteurs d'options d'achat d'or), les deux principaux avantages du marché des options sur l'or consistent dans ce risque limité de perte de capital, joint au fort effet de levier qui leur offre un important potentiel de profit.  2, record 27, French, - acheteur%20d%27option%20d%27achat%20sur%20l%27or

Record 27,  Textual support,  Spanish

Record 28,  Textual support,  English

Record number: 28, Textual support number: 1 CONT

Gold bullion acceptable for delivery in satisfaction of gold options is all gold which can be freely traded on the London gold Market(and other major gold markets). This is known as gold for good London delivery and must have a fineness or purity of at least 995 parts per 1, 000. The good London delivery list includes gold refines and/or certified by melters and assayers in some twenty countries.  3, record 28, English, - gold%20for%20good%20London%20delivery

Record 28,  Textual support,  French

Record number: 28, Textual support number: 1 CONT

Sont considérés comme recevables en règlement des options sur l'or tous les lingots d'or qui peuvent se négocier librement au "Fixing" de Londres (et sur les autres grands marchés aurifères). Communément désigné or de bonne livraison à Londres, il doit être raffiné jusqu'à un aloi ou pureté d'au moins 995 parties sur 1 000. La liste de l'or de bonne livraison à Londres est constituée de l'or raffiné et (ou) certifié par les organismes de fonte et de titrage d'une vingtaine de pays.  2, record 28, French, - or%20de%20bonne%20livraison%20%C3%A0%20Londres

Record 28,  Textual support,  Spanish

Record 29,  Textual support,  English

Record number: 29, Textual support number: 1 CONT

One of the advantages of Exchange-traded precious metal certificates is that complete market information(high, low, close, volume) is available in the daily press. A telephone call to your ME [Montreal Exchange] member will provide you with instant, up-to-date quotes on the current gold or silver certificate market(buying and selling price).  2, record 29, English, - gold%20certificate%20market

Record 29,  Textual support,  French

Record number: 29, Textual support number: 1 CONT

Un des avantages offerts par les certificats de métaux précieux négociés en Bourse tient au fait que les journaux donnent tous les jours des renseignements complets sur les cours (maximum, minimum, fermeture, volume). Un simple appel à votre négociant en certificats de métaux précieux vous fournira immédiatement le cours le plus récent du marché des certificats d'or ou d'argent (prix d'achat et de vente).  2, record 29, French, - march%C3%A9%20des%20certificats%20d%27or

Record 29,  Textual support,  Spanish

Record 30,  Textual support,  English

Record number: 30, Textual support number: 1 CONT

The price of gold on April 5 is US$ 390 per troy ounce. An investor is of the opinion that it may very well rise in the next few months. He does not own gold and is faced with the alternative of either buying gold outright through a gold dealer(i. e., in the cash market) or investing in gold options. Unwilling to tie up too much capital in buying gold, he decides to buy ten gold call options-each gold option is for ten troy ounces of gold-which give him the right to buy 100 troy ounces of gold at US$ 425 per troy ounce until the Saturday following the third Friday in August(10 gold calls/Aug/425).  3, record 30, English, - gold%20call%20option

Record 30,  Textual support,  French

Record number: 30, Textual support number: 1 CONT

Le prix de l'or, le 5 avril, est de 390 $ US l'once troy. Un investisseur est d'avis que ce prix peut très bien monter au cours des mois qui vont suivre. Il ne possède pas d'or et il doit donc décider s'il faut acheter de l'or (sur le marché au comptant) ou investir dans des options sur l'or. Comme il ne tient pas à immobiliser une trop grande partie de son capital en achetant de l'or, il décide d'acheter dix options d'achat (chacune porte sur dix onces troy d'or) qui lui donnent le droit d'acheter 100 onces troy d'or à 425 $ US jusqu'au samedi suivant le troisième vendredi d'août (10 options d'achat or/août/425).  2, record 30, French, - option%20d%27achat%20sur%20l%27or

Record 30,  Textual support,  Spanish

Record 31,  Textual support,  English

Record number: 31, Textual support number: 1 DEF

Dealers purchase gold on their own account and then sell it to an investor, or vice versa. They have a position in the gold market at all times. They may be "short" gold(they have a net debt in gold) or they may be "long" gold(they possess gold). A dealer makes his money on the "spread", the difference between the price at which he purchases gold and what he can sell it for. He usually does not charge a commission for the transactions you conduct through him. In North American, dealers operate primarily in gold bullion, gold certificates, and coinage.  2, record 31, English, - gold%20dealer

Record 31,  Textual support,  French

Record number: 31, Textual support number: 1 CONT

Délivrés par un négociant d'or reconnu, [les certificats aurifères] assurent la propriété de lingots d'or gardés dans la chambre forte du négociant (frais de stockage exigibles en sus).  2, record 31, French, - n%C3%A9gociant%20d%27or

Record 31,  Textual support,  Spanish

Record 32,  Textual support,  English

Record number: 32, Textual support number: 1 OBS

Gold options are traded o three exchanges. The European Options Exchange in Amsterdam inaugurated trading in April, 1981; The Montreal Exchange began trading in February, 1982; and the start-up of trading on the Vancouver Stock Exchange in July, 1982 represents a further extension of the gold options market network. The gold options traded at these three exchanges are exactly the same.  3, record 32, English, - European%20Options%20Exchange

Record 32,  Textual support,  French

Record number: 32, Textual support number: 1 OBS

Les options sur l'or se négocient en Bourse : à l'European Options Exchange, les transactions ont débuté en avril 1981; à la Bourse de Montréal, elles ont débuté en février 1982; enfin, la participation de la Bourse de Vancouver à compter de juillet 1982 marque une nouvelle extension du réseau. Les options sur l'or qui sont négociées à ces Bourses sont exactement les mêmes.  2, record 32, French, - European%20Options%20Exchange

Record 32,  Textual support,  Spanish

Record 33,  Textual support,  English

Record number: 33, Textual support number: 1 CONT

Taking delivery of gold may be carried out free of charge in the clearing member's own account with Mocatta or, upon proper notification of the E. G. C. C. [European Gold Options Clearing Corporation] in another account with a full member of the London gold market. Local delivery of gold to a clearing member in Canada may be accomplished by using a gold dealer as an agent and instructing it to transfer the delivered gold.  3, record 33, English, - delivery%20of%20gold

Record 33,  Textual support,  French

Record number: 33, Textual support number: 1 CONT

Il est possible de prendre livraison de l'or franco de frais au compte même que le membre de la compagnie de compensation a auprès de Mocatta ou suivant un avis régulier donné à l'E.G.C.C. à un autre compte auprès d'un membre de plein droit du marché de l'or de Londres. La livraison de l'or sur place à un membre de la compagnie de compensation au Canada peut être effectuée par l'entremise d'un négociant en or qui, à titre d'agent, transfère l'or selon les instructions.  2, record 33, French, - livraison%20d%27or

Record 33,  Textual support,  Spanish

Record 34,  Textual support,  English

Record number: 34, Textual support number: 1 CONT

Analyzes Japan's retail gold market. Gives private inventories, 1982 and 1984. Shows retail gold price index, wholesale price index, and consumer price index, 1973-1984.  3, record 34, English, - gold%20price%20index

Record 34,  Textual support,  French

Record number: 34, Textual support number: 1 CONT

L'indice des aurifères du TSE 300 a donc bondi de 4 258,6 à 4 746,4 lundi (en hausse de 11%) avant de se replier à son niveau de mercredi à 4 533,8.  2, record 34, French, - indice%20des%20aurif%C3%A8res

Record 34,  Textual support,  Spanish

Record 35,  Textual support,  English

Record number: 35, Textual support number: 1 OBS

The Montreal Stock Exchange and the Canadian Stock Exchange merged on January 1, 1974 under the name of The Montreal Stock Exchange, which was changed to The Montreal Exchange in February 1982. In the last few years, The Montreal Exchange has launched the following new markets :Gold Option Market; Option Market on five currencies-Swiss Franc, Japanese Yen, German Mark, British Pound and the Canadian Dollar; Option Market on Government of Canada Bonds; Gold and Silver Certificates Market; options on Canadian stock indices.  3, record 35, English, - The%20Montreal%20Exchange

Record 35,  Textual support,  French

Record 35,  Textual support,  Spanish

Record 36,  Textual support,  English

Record number: 36, Textual support number: 1 CONT

The recent discovery of Hemlo gold deposits in Northern Ontario(Canada) has generated a rush of mining companies searching for gold in the area. Even though no gold has been produced, small mining companies are making great strides in the stock market. For example, the stock of Golden Sceptre and Goliath Gold Mines, joint-venture partners, has risen from about C$1 to about C$20-C$22 currently. However, the association of Murray Pezim, chairman of International Corona Resources and the flamboyant stock promoter who financed Hemlo drilling, with Hemlo has made some investors hesitant.  2, record 36, English, - stock%20promoter

Record 36,  Textual support,  French

Record 36,  Textual support,  Spanish

Record 37,  Textual support,  English

Record number: 37, Textual support number: 1 CONT

According to exchange rules, that premium must equal or better the existing market-that is, the premium quoted on the gold options board-for the gold option series in question...  2, record 37, English, - gold%20options%20board

Record 37,  Textual support,  French

Record number: 37, Textual support number: 1 CONT

Selon les règlements de la Bourse, ce prix doit être égal ou supérieur au cours actuel, c'est-à-dire au prix affiché au tableau des options sur l'or, pour la série d'options sur l'or en cause  2, record 37, French, - tableau%20des%20options%20sur%20l%27or

Record 37,  Textual support,  Spanish

Record 38,  Textual support,  English

Record number: 38, Textual support number: 1 OBS

Convertibility : the ability of owners of one currency to exchange it for other foreign currencies(or gold) in the open market. Some countries permit a portion of their currencies to be convertible and will designate accounts that way.(From the Comptroller's Handbook of Mercantile Bank).  1, record 38, English, - convertible%20account

Record number: 38, Textual support number: 2 OBS

Information provided by the National Bank of Canada.  1, record 38, English, - convertible%20account

Record 38,  Textual support,  French

Record number: 38, Textual support number: 1 CONT

La part du pays d'origine est divisée en douze mensualités et une prime de fin d'année. Elle est versée en monnaie locale sur un compte convertible.  1, record 38, French, - compte%20convertible

Record 38,  Textual support,  Spanish

Record 39,  Textual support,  English

Record number: 39, Textual support number: 1 CONT

The afternoon fix of the London gold market established that day is used to settle out all open contracts.  1, record 39, English, - afternoon%20fix

Record 39,  Textual support,  French

Record number: 39, Textual support number: 1 CONT

Le prix de l'or fixé par le marché londonien dans l'après-midi de cette journée est utilisé pour régler tous les contrats ouverts.  1, record 39, French, - prix%20de%20l%27or%20fix%C3%A9%20dans%20l%27apr%C3%A8s%2Dmidi

Record 39,  Textual support,  Spanish

Record 40,  Textual support,  English

Record number: 40, Textual support number: 1 CONT

Since our gold hemorrhage provided a gold infusion to the Common Market countries and the rest of the world generally, the problem of dollar disequilibrium served inadvertently to cover up and divert attention for a time from the long-run inadequacy of gold.  1, record 40, English, - gold%20infusion

Record 40,  Textual support,  French

Record 40,  Textual support,  Spanish

Record 41,  Textual support,  English

Record number: 41, Textual support number: 1 OBS

They suspended all gold payments from official central banks to the free market.  1, record 41, English, - gold%20payment

Record 41,  Textual support,  French

Record 41,  Textual support,  Spanish