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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: patron_anejo_por_favor who wrote (98659)10/11/2008 1:19:59 AM
From: TH  Read Replies (2) of 110194
 
patron,

< * (a) A Gold futures option shall expire at the close of trading four business days prior to the end of the month preceding the option contract month; provided, however, that (1) if such day is a Friday, the expiration date shall be the preceding business day or (2) if such day is the day immediately prior to an Exchange holiday, the expiration date shall be the preceding business day.
* (b) An option which is subject to automatic exercise shall be exercised in accordance with the rules of the Clearing Association. All other options shall expire unless Notice of Exercise is given to a Clearing Member not later than 3:00 P. M. on the option’s Expiration Date.>

Maybe they have some gold for delivery now, but maybe not for long. Why sell? You see an end to the inflationary policy of the Fed, clowngress, and the Treasury?

Of course not.

GT
TH
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