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Gold/Mining/Energy : Gold Price Monitor

GDXJ 89.99

+2.8%

Nov 5 4:00 PM EST

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To: Ken Benes who wrote (36120)	6/29/1999 1:02:00 PM
From: Zardoz	Read Replies (2) of 116752

That was NOT a rally. That was contract closing, and spot covering. Near the End of every month, people on this thread get sucked in by the same Gold price patterns. That's why the XAU stocks hardly moved today {so far}. There is no need for the producer to get there act together. This is normal course here. At the $450 price level you don't notice the $1.20 change in price nearly as much. PS: nymex.com Last Trading Day Futures: Trading terminates at the close of business on the third last business day of the maturing delivery month. Options: Expiration occurs on the second Friday of the month prior to the delivery month of the underlying futures contract. Trading Months Futures: Trading is conducted for delivery during the current calendar month, the next two calendar months, any February, April, August, and October thereafter falling within a 23-month period, and any June and December falling within a 60-month period beginning with the current month.

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