Glossary

The Group of Seven is an international governmental organisation which includes France, Germany, Italy, Japan, the United Kingdom, Canada, and the United States.

During recent decades, the G7 claimed to have ‘strengthened security policy, mainstreamed climate change and supported disarmament programmes’.

The Group of Eight (G8) was an international governmental political forum which existed from 1997 until 2014.

The discussion forum originated in 1975 as the Group of Six (G6) after France held the first summit.

The gearing ratio is a financial ratio comparing a business owner’s equity (or capital) to the company’s overall debt and borrowed funds. It’s a measurement of financial leverage, illustrating how much of a firm’s operations get funded by equity capital instead of debt financing.

Refers to a bid being hit or selling interest.

A technical level succumbs to a hard-fought battle.

GMT stands for Greenwich Mean Time. Due to its maritime connection, back in 1884 the village of Greenwich, London England, was chosen as the reference point for all time on Earth.

The term gold bullion describes a large quantity of physical gold that is at least 99.5% pure metal, it can be cast in bars, ingots, or coins.

Investors often purchase gold bullion as an alternative physical investment to hedge their risk against other financial exposure to markets. Gold bullion is a tangible asset that is regarded as both an alternative and safe-haven asset.

A certificate of ownership that gold investors use to purchase and sell the commodity instead of dealing with transfer and storage of the physical gold itself.

The standard unit of trading gold is one contract which is equal to 10 troy ounces.

An order that will expire at the end of the day if it is not filled.

A good ‘til cancelled (GTC) order is an instruction to execute a trade that will remain active until the order is fulfilled or the trader cancels it. Brokerages typically limit the length a GTC order can remain open to 90 days.

When should you use a good ‘til cancelled order?

There are lots of different uses for GTC orders, but two common examples are stop losses and take profits. Both of these orders are triggered by the security reaching a certain value, so they serve as good long-term orders you should keep active until fulfilled. By using a GTC order in this way, you will not have to reenter the stop loss and take profit targets every day and can instead rest easy  knowing the trade will close itself out when necessary.

A good ‘til date (GTD) order is an instruction to execute a trade that remains open until a future date specified by the trader. Once the date is reached, the order is cancelled if it has not been fulfilled or canceled already.

When should you use a good ‘til date order?

GTD orders are often used by long-term traders for orders containing a large amount of securities. They also prevent a trader from needed to reenter the trade at the start of each new day. You should use a GTD order when you would enter a good ‘til canceled (GTC) order but believe your trading priorities will change after a certain date, at which point you would rather execute other trades.

Gross domestic product (GDP) is a measure of the market value of all the final services and goods produced in a specific period by a country or economic area.

It’s a measurement of an economy’s size and health over a period, usually one quarter or one year. GDP is used to compare different economies’ size at various points in time.

An order type that protects a trader against the market gapping. It guarantees to fill your order at the price asked.

A guaranteed stop-loss order (GSLO) is a type of order that ensures your position is closed out at the price you specify, regardless of market volatility, slippage or gapping. Guaranteed stops are often free to attach, but your brokerage will charge you a premium if the order is triggered. This is due to the risks your broker is taking on for you.

Refers to traders pushing to trigger known stops or technical levels in the market.