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Gold/Mining/Energy : Precious and Base Metal Investing
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To: gold$10k who wrote (24340)11/20/2003 5:03:33 PM
From: Stephen O  Read Replies (1) of 39344
 
My understanding is that many of the Dec $400 options were written naked. If gold goes through $400 before next Monday expiry, an enormous amount of gold needs to be bought to deliver in December. There is therefore a huge incentive for those short to keep it below $400.
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