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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: Ahda who wrote (67453)	4/9/2001 10:50:11 PM
From: Zardoz	Read Replies (1) of 116795

APP last week disclosed it failed to factor a US$220 million loss on two currency-swap contracts into its financial statements. <?b> Problems are non existent in a Global Community right as you are as good as your hedger in this new corporate world. You're only as good as your currency trader? Bull... One needs to define the swap that they entered into and WHY they entered into it. Most Gold futures are written in production {not the blood of the miners as many here think} and the futures are SELDOM if ever traded as swaps into the curency market. Japan is notorious for Swaptions, that's why they must collapse. Hutch

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