By the way, August Gold closed at 1502.80 and Globex has it at 1503.40.

What exactly is a Commodity? A Commodity is often a "good" for which there is a demand for. You can get "soft commodities", that are items which can be developed and you will discover "hard commodities", that are items which might be obtained by means of mining or https://www.facebook.com/mmoxxfifa14coins extraction procedures. There also other folks which have NO underlying solution. To interrupt this down additional so you'll be able to begin to see the difference, we've commodities in Agriculture, Energy, Equity Index, Foreign exchange or Fx because it is much better recognized by. Metals and Rates of interest simply to title a number of. Various exchanges trade distinct commodities.
 So to interrupt these commodities down even additional I will start out with agriculture. First off, "Grains & Oil seeds. There's corn, wheat, soybeans, soybean meal, soybean oil, crude palm oil, oats and rough rice.
 Under the same header of "Agriculture" we have "Livestock". This includes: Live cattle, Feeder cattle, Lean hogs and Frozen pork bellies. Many people laugh at Pork bellies but what do you think happened to the prices when the commodity trading communities first heard the words "Swine Flu"? Think about that. There is certainly "Dairy". You can get a variety of "Milks", Milk powder, whey, butter. "Softs": Cocoa, Coffee, Cotton, Sugar. "Forest": Lumber and Pulps. Enough on "Agriculture", let's move on.
 The next header I move to is "Energy". I'm sure most individuals come across this a single interesting since of it is popularity in the news on how it affects our pocketbooks. The initial title under power is: "Crude Oil". But did you know that under the title of Crude Oil you can get 6 other oils beside "Light Sweet Crude Oil"? Which by the way, closed at 90.85 per barrel Friday on the floor, but Globex has it at 91.10. More on Globex Significantly later. There is certainly also "Gulf Coast Sour Crude" for 1. I never have tasted oil, not intentionally anyway. So how do you tell if it turned sour? Food for thought.
 Another header is Forex or Forex. This is known as a whole world all by itself. The main titles under this header are: "G10 Currency Pairs" and "Emerging Market Currency Pairs". G10 is of course the top 10 industrial nations which has been increased to 11 but they never changed the name. Currency pairs is the comparison of one of the top 10 currency dollars against another dollar, typically the U.S. Dollar or USD since it is more popularly known and traded as. Emerging Market Pairs is of course just it says. Newcomers doing well, or not. Foreign exchange trading is huge and deserves a lot of attention if 1 is going to get involved. Not that any other Commodity deserves less, but the fact of following completely different countries currency rates comes under close scrutiny.
 The next header is "Metals". What comes to your mind very first? GOLD of course. Gold is under the title of "Precious". Also under that same title is: Silver, Platinum and Palladium. Under the title of "Base" is Copper. Another is Uranium. You can't really take possession of any Uranium. Uranium futures are a hedging tool for producers and users of uranium. More on "Hedging" at a later time.
 Another header is "Interest rates". Under that header is "STIR" Short term interest rates. And under STIR is Eurodollar, Euro yen, 30 day federal funds, and 13 week T-Bills. The title "US Treasury Futures" has: US T-Bonds, 2,3,5, and 10 year T-Notes, simply to name several. More titles are "Swap Futures", Curiosity Rate Index Futures, and Sovereign yield spreads. Under those titles are many itemized listings. I don't want to bore the reader with everything available.
 I saved the best header for last. I say the best because this is the one particular I love. It truly is called the "Equity Index". The main titles under Fairness Index are "US Index" and "International Index". Under the International Index is basically the Nikkei. BUT under the US Index you have listings for: S&P 500 and many variations. NASDAQ and its variations and DJIA (Dow Jones Industrial Average) or DOW, and its variations. I like these considering the fact that you could trade the WHOLE index. All those little stocks make up the index and it's possible to trade the entire entity. We all have our "pet peeves", and in trading, the S&P 500 is mine.

 I have now covered what a commodity is and a handful of of the numerous world solutions the word covers. Did you uncover a commodity that spiked your curiosity or know a little something about? If so, study it as we move along. Not familiar with anything? You just learned a LOT! If you're not new to commodities I'm probably boring you to death. BUT if that you're new, you have to be amazed at the opportunities that are available in today's commodity markets.