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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject11/21/2001 3:26:00 PM
From: SliderOnTheBlack   of 36161
 
Derivatives... a dirty word ?

- ask Enron abput unhedged derivatives...then look at this quote from a noted Gold Bear:

news.bbc.co.uk

["Even at $306 an ounce, there is $6bn in uncovered hedge positions in the bullion market, says New York bear boutique Constantinople Advisers. There may be a lot of anxiety out there.

London's Biggest Bullion Bear, Andy Smith at Mitsui Metals, recently famously forecast a price of $340 an ounce by early next year.

New York bulls are forecasting $340 to $360 over the same period. "]

$6 B-i-l-l-i-o-n in UNHEDGED gold derivatives just at $306 oz gold... what would that number be at $400, or $600 ?

...when, not if ~

tic-toc'

Got NEM ?
...getting MO-NEM (vbg) ?!?!?
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