Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: mishedlo who wrote (24362)	11/21/2003 10:48:49 AM
From: Louis V. Lambrecht	Read Replies (2) of 39344

Mish, options expiration and futes rolled yesterday (last trading for most contracts on 3rd Wed of the month) in London (which still weights 5 times the Comex). Last trading day for Comex is Monday, I agree with that, first notice of the Dec futes is the 26th (care to take position before the long weekend? Who is going to switch on the lights on Friday?). First thought we could have an indication today from London (how much physical requested for delivery, vs. rollovers/calendar spreads). Then f%$#@#$ Barrick came in pledging for the end of forward sales. (How convenient?). What bothers me is that, so close to first notice, the lease rates are not rising with still 140K contracts to roll or be assigned delivery by the 26th. Tough week to trade.

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