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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: NickSE who wrote (21240)10/9/1998 4:51:00 AM
From: Zardoz  Read Replies (1) of 116759
 
Let's assume that they did borrow 300 tons, and let's assume they are the stupidest people around. And borrowed at the low of $280. Well at $300/oz they lost 192 million, plus lease rates. Compared to their leverage of 300 tons, or 3 Billion, that a loss of 6.43%

But than maybe they borrowed back at $400? And showed a PROFIT of $960 Million; 25%. This is the LONG AND THE SHORT OF IT! Who knows where they entered into their positions?
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