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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Abner Hosmer who wrote ()	6/8/2000 11:36:00 PM
From: russwinter	Read Replies (2) of 116764

Hedgers meet your counterparties: Taken from: contraryinvestor.com Summary: Largest gold derivative institutions: Chase $31.5 billion, 11.3 due in <1 yr, 14.1 due 1-5yr, 6.1> 5yr JP Morgan $36.3 billion, 24.5 due in <1 yr, 8.0 due 1-5 yr, 3.8 > 5 yr Citibank $11.8 billion, 4.7 due in <1 yr, 4.3 due in 1-5 yr, 2.8 > 5yr That's 137,000 tonnes of gold Now these dealers total % derivative credit exposure to risk based capital (broad measure of equity capital) Chase 419.5% JP Morgan 872.9% Citibank 180.6% Conclusion: little room for error

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