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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (32516)	11/19/2004 6:47:33 PM
From: Taikun	Respond to of 39344

I wonder if they're rolling DEC Futures into physical? Huge OI in DEC's (approx 250,000 contracts, about 25m ounces), which is almost unprecedented with few days left in options calendar. I know GLD can short-sell and use options but I think the avg investor does not know this. I woudn't be surprised if they IPO'd with a combination of physical and futures, and decided to set the IPO date a few days before the DEC expy, to be able to use Futures to fill positions.

To: russwinter who wrote (32516)	11/19/2004 7:42:28 PM
From: LLCF	Respond to of 39344

< They should be trading options on it before long.> Specialist firms are fighting over who gets the rights already!! Be interesting to see what Vol they start them trading at. I wouldn't want to have a market order to buy an option on the first trading day! DAK