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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Fuller who wrote (44231)10/28/1999 2:37:00 PM
From: Robert Dirks  Read Replies (2) | Respond to of 116764
 
Probably right. The Futures Opions were around 500K, and the Futures open interest was over 220K.

The Open interest rocketed on Tuesday when the price was pushed down. I read that as the BOE or it's henchmen busilly writing new contracts and selling at any price, hence the price plunge and the open interest up.

You can read that as bullish since many on the other end were buying up those contracts. Maybe Ashanti, Barricks and Cambior too........