For these gold and silver products http://www.fxdd.com/us/en/products/metals/, how many micro lots are required so a penny move is worth a dollar? How much leverage does that equal?
I've traded products such as GLD and SLV where 100 shares equal one dollar per penny move. But I'm not sure what that translates into for the above micro lots.
As an example, if I have a $10,000 account, what is the impact on it if I have enough micro lots to make a penny move in silver equal one dollar?