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Pastimes : Strictly Off Topic

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To: Tom Trader who wrote (103)	12/23/1998 1:27:00 PM
From: Patrick Slevin	of 548

<when I am a doddering old man> Hey, how long could that take as gold has such a low vol it does not look like traders expect it to do much. One thing about the premiums in Nut stocks, it attracts the players. No premium in gold stocks means few are interested. It appears it's primarily people selling options to get as much out of the sector as possible......the average Joe/Josephine looks and sez "gee, I think I'll take a gamble on that gold stock because the options are so cheap!". Well, they are cheap for a reason, know what I mean? Of course, I wish you well with the sector. That run in the 1970s really took a lot of it. Perhaps the same shall occur to the S&P after this decade.

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