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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.89-8.7%4:00 PM EST

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To: Zardoz who wrote (38287)8/4/1999 8:21:00 AM
From: Follies  Read Replies (1) of 116981
 
Hutch said:

BECAUSE he assumed that you can't, or will not buy back your position.


DoubleD said:

Producer Buys (i.e. closes) Sept.2001 contract for a loss of $345 - $285 = $60/0z X 100,000 0z = $6,000,000 loss


So DoubleD's example shows the buy back that Hutch says he doesn't show.

Hutch, I am not getting your explanations, what is the difference between future, forward and commodity swap? I thought the diference between between futures and forward was language, British vs American for the most part except technical differences like you see in european vs american options contracts.
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