Tool lesson

Fair Value Tracker: Start With The Parity Question

A beginner-safe Fair Value Tracker lesson for checking the market lane, three price legs, data freshness, confidence, and basis before writing any parity note.

12 minBeginner5 chapters

Educational only

The examples teach workflow and risk framing. They do not provide trade recommendations, personalized advice, leverage guidance, or guaranteed outcomes.

Chapter 01

Choose the market lane before the gap

Trader question

Which asset and contract pair am I actually comparing?

A fair-value read is only meaningful after the learner can name the asset, unit scale, and contract pair. Gold and silver use different local units, and front, next, matched DTE, or continuous selectors answer different desk questions.

Desk checklist

Choose GOLD or SILVER before reading the value.
Confirm the local unit scale.
Read the contract pair before reading the basis.

Interactive proof

Asset and contract selectors

Use the first-read desk to check asset, contract pair, freshness, confidence, and basis in order.

1AssetGoldThe unit lane is local currency per 10g, so silver values cannot be compared without changing scale.

2ContractFront vs frontThe contract pair is visible before the basis read is allowed to matter.

3Freshnesslocal market live, COMEX delayedThe read is usable only with a timestamp caveat because one leg is delayed.

4Confidence78/100Confidence is high enough for a desk note, not for an execution instruction.

5Basis+local currency 310The gap is a model deviation to investigate after the checks, not a trade call.

The basis number comes last. It becomes a parity note only after the market lane, source state, and confidence score are visible.

Interactive desk lab

Fair Value First Read Desk

A practical Fair Value Tracker first-read lab for checking asset, contract pair, source freshness, confidence, and basis before writing a parity note.

Native scroll

45s Remotion sceneFairValueLaneBeforeGapVideo

Choose the lane before the gap

Asset, unit, and contract pair lock onto the desk before the basis number is allowed to appear.

Storyboard beats4 cues

A blank Fair Value Tracker desk appears.

Gold and silver unit lanes separate.

The contract pair locks as front versus front.

Only then does the basis number fade in as a question.

Remotion code

FairValueLaneBeforeGapVideo

The snippet is stored with the lesson so a future Remotion project can render the chapter video.

Show component snippet

import {AbsoluteFill, Easing, Sequence, interpolate, useCurrentFrame} from "remotion";

export const FairValueLaneBeforeGapVideo = () => {
  const frame = useCurrentFrame();
  const basisOpacity = interpolate(frame, [72, 108], [0, 1], {
    extrapolateLeft: "clamp",
    extrapolateRight: "clamp",
    easing: Easing.bezier(0.16, 1, 0.3, 1),
  });

  return (
    <AbsoluteFill style={{background: "#fff8e8", color: "#071126", padding: 72}}>
      <h1>Choose the market lane first.</h1>
      <Sequence from={14}><div style={{marginTop: 34, padding: 18, border: "1px solid #b69a5b"}}>Asset: Gold | Unit: INR per 10g</div></Sequence>
      <Sequence from={38}><div style={{marginTop: 18, padding: 18, border: "1px solid #b69a5b"}}>Contract pair: Front MCX versus front COMEX</div></Sequence>
      <div style={{opacity: basisOpacity, marginTop: 34, fontSize: 48, color: "#8a5a0a"}}>Basis appears as a question.</div>
    </AbsoluteFill>
  );
};

Sources used for this tutorial

Gold Contract Specificationlocal marketUsed for local market gold quote-unit and domestic contract context before comparing local values with global references.Silver Contract Specificationlocal marketUsed for local market silver quote-unit context so learners do not mix local currency per 10g and local currency per kg reads.Gold Futures Contract SpecificationsCME GroupUsed for COMEX gold quotation context and the idea that the global leg is a concrete futures market reference.Local Gold Price Premium/DiscountWorld Gold CouncilUsed to keep premium/discount language indicative and directional rather than a trading metric.Reference Rate MethodologyFinancial Benchmarks global markets Pvt. Ltd.Used to frame FX as a sourced benchmark input with timing and methodology caveats.

Next step

Open the tool with the checklist beside you.

Move from the lesson into the matching Bullion Brains tool, keep the checklist visible, and treat the output as evidence until the caveats are clear.

Open Fair Value Tracker