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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.20-0.4%Dec 18 4:00 PM EST

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To: long-gone who wrote (90481)10/10/2002 8:43:01 AM
From: John Soileau  Read Replies (1) of 116815
 
From last night's news item:

<<J.P. Morgan's loss of its double-A rating is expected to have an adverse impact on counterparties to its vast derivatives portfolio. Of the $50.1 trillion in notional derivatives outstanding at insured commercial banks, the bank accounted for just over half of the total at the end of June, according to the latest OCC Bank Derivatives Report compiled by the Office of the Comptroller of the Currency. That amount includes foreign exchange, commodity and interest rate derivatives.>>

They're modestly involved in derivatives, looks like only $25 trillion to me. What, me worry?

John
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