Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: terry richardson who wrote (18893)	9/16/2002 11:14:04 AM
From: terry richardson	Read Replies (1) of 36161

To the board: Just received the following e-mail from Jim Sinclair: Why Gold is Lower Friday noon until present The reason for gold weakness Friday afternoon to present is the maturity today of 10,000 gold calls which are in the money. That means that the call option have a strike (execution) price under the price of gold. That represents 1,000,000 ounces of gold. The market expects that the holder will try and hedge by selling into the cash or forward as he/she takes delivery. Therefore traders have sold short since Friday morning betting on their conclusion. The market would get a bullish shock if the holder takes delivery and the gold disappears. We shall see shortly as this is a USA market phenomena.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next