Precious Metal Futures— The precious metals have seen extreme volatility in recent weeks especially last Sunday night when silver was down over $2 an ounce in just a matter of minutes pushing gold down nearly $40 as well before rebounding and stabilizing later in the week.

  What do traders mean when they talk about seasonality and its effects on commodity prices?

LONG CALL---Maximum Loss Equals The Premium Cost

When to use: When you are bullish to very bullish on the
market. In general, the more out-of-the-money (higher strike)
calls, the more bullish the strategy.

Profit characteristics: Profit increases as market rises. At
expiration, break-even point will be call option exercise price A +

With more than 2.2 billion contracts (valued at $1.1 quadrillion) traded in 2007, CME Group is the world’s largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York.