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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.54

-4.4%

4:00 PM EST

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To: d:oug who wrote (53041)	5/21/2000 1:11:00 AM
From: Follies	Read Replies (1) of 116763

Doug If a bank is long a billion dollars of gold futures contracts and sells calls for 100 million dollars against that same amount of gold, what is their derivative exposure? Why does it matter if it was a hundred times that much?

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