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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (352)	6/14/2000 7:42:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 4051

> Perhaps what we've been talking about regards Aussies? Yes, saw/read those reports > Wonder if they are closing out the long puts? How would one close out a long in-the-money put ? Would/could the miner buy bullion on the open market and force the other party (bank/broker) to take it at the higher put price, but then would the other party dump the bullion back onto the market ? The other option would be a paper transaction, the miner would be selling the puts to realize the in-the-money gain. I think buying pyhsical gold would probably make more sense to close out a forward position as opposed to closing put options. I'm probably overlooking something more obvious !