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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (1021)	11/21/2004 4:40:23 PM
From: TrueScouse	Read Replies (1) \| Respond to of 2131

Louis: <In short, 1100 open contracts mean anything between zero and 12000 tons. I'd say, meaningless.> OK.. so it's much more complicated than I'd assumed! I'd forgotten about the effect of spreads. I used to do tax straddles myself about 20 years ago -- not sure if they're still allowed -- but it's true that there can be lots of these in play at the end of the calendar year. Thanks a lot for the detailed response. These threads are fantastic for learning how the markets work because there always seems to be someone with expertise or experience in a particular trading vehicle. Best regards, Howy