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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: IngotWeTrust who wrote (4886)	12/29/1997 11:46:00 AM
From: JD	Read Replies (1) of 116759

Please do explain. 49r - Thanks for the offer. I would love to know what OTC OPTIONS are and how why they are negatively affecting the POG at this time. Of course I feel compelled to make an uneducated guess so that in the event I just happen to be right I can momentarily bask in the glory and convince myself I know far more than I actually do (which hopefully will wear off long before I back it up with $$$ and learn otherwise) :-) My assumption is that OTC = 'over the counter' and that the option expiry represent sales of gold at a fixed rate based on 'futures contracts' that were traded some time in the past, with a deadline of Dec 31/97. How'd I do??? :-) JD

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