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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Jorj X Mckie who wrote (37964)6/9/2000 7:55:00 AM
From: long-gone  Read Replies (1) of 63513
 
Prize quote:
"There are really only three players. It's the guys with broader international exposure. Unless we're doing the math wrong, $79.6 billion in notional value of gold derivatives is equal to 137,000 "notional" tons of gold at $290 per ounce. Although we are not experts in gold derivatives by any stretch of the imagination, this exposure seems easily capable of being able to move the price of the underlying commodity. In fact, more than capable. "
contraryinvestor.com
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