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.
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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" http://www.gold-eagle.com/gold_digest/baron907.html
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
NYMEX: See COMEX
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
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Originally Posted by hpw12
