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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (47302)	4/19/2000 2:05:00 PM
From: SBerglowe	Read Replies (2) \| Respond to of 99985

From my mailbox: Midas du Metropole has served commentary at The James Joyce Table. "Can someone tell me why there were $30 billion worth of gold derivatives on Morgan Guarantee's off balance sheet books at the end beginning of 2000? They have basically closed down their U.S trading operation. That is enormous exposure. What is going on over there at this Counterparty Risk Management Firm?" "Chase Bank increased its off balance sheet gold derivative book from $14 billion to $22 billion during the last quarter of last year and City Corp., where Robert Rubin now hangs out, increased its position to $11.7 billion from $10 billion. Funny, I never hear about City Corp. trading gold!"