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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Al Lewis who wrote (1958)	12/29/1997 11:55:00 AM
From: JD	Respond to of 4718

POG slide. Found this little article on the CNNfn Brige News site. It may help shed some light as to why POG is falling today (down $4.40 at this point). ************************************************************************ 12/29/97 METALS: Silver prices fell overnight during Asia's extremely thin trading of today's Dec OTC option expiry. COMEX Mar silver was also down sharply in sympathy and was traded down 9 cents at $6.26 per ounce at 1110 GMT. Prices were pressured by selling from Asian dealers who anticipate falls in Europe and the US later today ahead of the December OTC option expiry. Dealers said options below US $6.25 per ounce would likely be exercised. COMEX Mar silver was also down sharply in sympathy and was last traded down 6 cents in Asia's after-hour Access trading at $6.29 per ounce, compared with Friday's settlement of $6.35. Gold also came under pressure due to selling ahead of the option expiry, but the dealers said gold held firm as light book-squaring continued. Dec OTC gold options are expected to be exercised at around $290, they said. ************************************************************************