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Thread: Kitco Gold Forum Nomenclature

  1. #1

    Default Kitco Gold Forum Nomenclature

    In order to help members to understand and participate in the forum discussions I am placing as much information as possible in this thread to help everyone understand the terms, phrases, and abreviations used on this forum. The following was prepared by Cajus, one of our moderators. My thanks to him for his efforts and support of the Kitco Gold Forum.


    ADR: American Depository Receipt, used to denote foreign stocks that trade in the US. Usually denoted by a "Y" at the end of the stock symbol, e.g. DROOY.

    AFAIK: As Far As I Know

    Ag: Silver (Elemental symbol)

    AG: Alan Greenspan (Ben Bernanke has not yet achieved the accolade of being referred to as BB, AFAIK)

    ASE: American Stock Exchange, or American Silver Eagles - AKA SAE for some strange reason

    ASX: Australian Stock Exchange

    Au: Gold (Elemental symbol)

    IDCIBM: I Don't Care I'm Buying More (coined by a Kitco poster of old, and if I remember correctly, it was Farfel)

    BIS: Bank for International Settlements

    BLSH: Buy Low Sell High... works great in theory!

    BO: Breakout... or a personal hygiene issue

    BOE: Bank of England

    BOJ: Bank of Japan

    BTW: By The Way

    CB: Central Bank

    COMEX: Commodity Futures Exchange at the New York Mercantile Exchange (NYMEX)

    COT: Commitment of Traders

    CPI: Consumer Price Index

    CYA: Cover Your Ass

    DYODD: Do Your Own Due Diligence.

    E&OE: Errors and Omissions Excepted

    EMA: Exponential Moving Average (An average of data points that applies weighting factors which decrease exponentially with increasing time difference). See MA/SMA

    EOD: End Of Day (when normal trading ceases)

    EPS: Earnings Per Share

    ESF: Exchange Stabilization Fund

    ETF: Exchange Traded Fund

    FED: U.S. Federal Reserve

    Fiat: By decree, usually referring to fiat money - a bank note nowadays has value only because it is "decreed" to have value - as long as the market accepts that decree, it does, but the tendency for governments/central banks to print money causes the value inevitably to decrease with time.

    FOMC: Federal Open Market Committee (sometimes dubbed "Federal Open Mouth Committee")

    FRB: Federal Reserve Board (US)

    FRN: Federal Reserve Note, AKA The Dollar (in various multiples)

    FTSE: A family of UK stock indices listed on the London Stock Exchange; normally it is the FTSE 100 index that is quoted in headline news.

    FWIW: For What It's Worth

    FYI: For Your Information

    GATA: Gold Anti-Trust Action Committee

    GDP: Gross Domestic Product

    GSE: Government Sponsored Enterprise, e.g. Freddie Mac, which expects credit losses stemming from its subprime mortgage exposure to rise through at least 2009...

    H&S: Head and Shoulders technical analysis pattern.

    HMCE: Her Majesty's Customs and Excise (The UK's equivalent of the IRS)

    HUI: "Unhedged" Gold Stocks Index on the American Stock Exchange

    IIRC: If I Remember Correctly

    IMF: International Monetary Fund; generally considered gold-unfriendly by goldbugs.

    IMHO: In My Humble Opinion

    IPO: Initial Public Offering (i.e. when a stock first becomes listed on an exchange)

    IRS: Internal Revenue Service (US)

    J6P: Joe Six-Pack (or Jane Six-Pack for the Politically Correct)

    JMHO: Just My Humble Opinion

    JSE: Johannesburg Stock Exchange (important to goldbugs because of South Africa's gold mining industry... e.g. the Durban Roodeport Deep gold company)

    LBMA: London Bullion Market Association - to veteran goldbugs, known as the "riddle wrapped in a mystery inside an enigma"

    LIBOR: London Interbank Offered Rate (a key item with reference to the credit crunch of 2007)

    LME: London Metals Exchange

    LOL: Laugh Out Loud.

    MA: Usually means an unweighted mean of the previous n data points as for SMA, but could be generic - see also EMA

    MACD: Moving Average Convergence Divergence, a technical indicator

    ME: Middle East: A political hot spot

    MM: Market Maker


    NYSE: New York Stock Exchange

    OPM: Other People's Money, or what makes it possible for investment managers to make the investment decisions that they make

    P&F: Point and Figure, a method for analysing the price movements of stocks and commodities

    PGM: Platinum Group Metals (includes Nickel, Palladium, and Platinum, which chemists group together in a column of the Periodic Table of the Elements)

    PM: Precious Metal

    POG: Price of Gold

    POO: Price of Oil

    POS: Price of Silver

    PPI: Producer Price Index

    PPT: Plunge Protection Team, whose official name is the Working Group on Financial Markets.

    Pt: Platinum (Elemental symbol)

    PTB: Powers That Be

    RSI: Relative Strength Index, a technical analysis indicator

    SMA: Simple Moving Average

    TA: Technical Analysis - considers the movements of prices by analysing the patterns without reference to actual business, economic, physical or political events.

    TEOTWAWKI: The End of the World as We Know it

    TOCOM: Tokyo Commodity Exchange (Japan's equivalent of the COMEX)

    WGC: World Gold Council

    XAU: Gold and Silver Index that includes all sorts of cr** like hedged gold miners

    YMMV: Your Mileage May Vary


  2. #2



    Feel free to delete this post after reading.

    Farfel's tagline was "I don't care, I'm buying more."
    From it, I coined the faux* acronym IDCIBM.

    * Bona fide acronyms are sposed to form a word
    from the initial letters of the words inna phrase.


    MSM = mainstream media

    Last edited by sammy; 04-30-2009 at 11:14 AM.

  3. #3



    tiddly wink = PM coin
    Last edited by sammy; 09-22-2010 at 09:18 AM.

  4. #4


    "Squillionaire Acres"

    Generic name for all Kitcoites
    next digs.

    Just realized I have been wearing
    the same belt for maybe 25 years.
    Maybe I'll go buy a new one, if
    spot rises a lil higher ........

  5. #5

    Default Gsr

    GSR : Gold to Silver Ratio , Howmany Silver can you buy for 1 oz of Gold , working with the current spot-price , premiums not included !

  6. #6


    TSE/TSX - Toronto Stock Exchange

    TSX-V - TSX Venture Exchange

    WTF - What the (swear word)

    TTFN - TaTa for now (see you later)

  7. #7


    ........... "gearing" ..............................
    Last edited by sammy; 09-26-2010 at 12:44 PM.

  8. #8
    Join Date
    Mar 2010


    Is there a place for definitions?

    Can someone define "Head and Shoulders", see it used all the time referring to charts and it means absolutely nothing to me.

  9. #9


    Quote Originally Posted by hpw12 View Post
    Is there a place for definitions?

    Can someone define "Head and Shoulders", see it used all the time referring to charts and it means absolutely nothing to me.

    How about this


    ok we can go with this then...

  10. #10

    Thumbs up

    UBI= Useful or Useless bit of information.

    FUBAR= fuged up beyond any recolonization.

    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

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