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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.78-1.2%Dec 31 4:00 PM EST
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To: long-gone who wrote (42359)10/7/1999 10:14:00 AM
From: Claude Cormier  Read Replies (2) of 116836
 
General Harmon,

Please call me Claude.

Very complex hedging program at ECHO with buying and selling of both calls and puts. But they appears much less vulnerable than CBJ. The number of calls sold at $309 is relatively small and they are donw only a couple millions on it right now. They are also hedging their silver...but here the prices hasn't move high enough. But it could become a problem if silver spikes in 2000.
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