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05-27-2009, 04:18 AM | #1 |
Avalon Senior Member
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
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Big Decline in Gold Derivatives
Big Decline in Gold Derivatives
Catherine and News & Commentary, May 25, 2009 at 11:05 am Gold Derivatives: The Tide Turns By Reg Howe On May 19, 2009, the Bank for International Settlements released its regular semi-annual report on the over-the-counter derivatives of major banks and dealers in the G-10 countries and Switzerland for the six months ending December 31, 2008. The total notional value of all gold derivatives declined from $649 billion at mid-year to $395 billion at year-end, or almost 40%. Although gold prices fell from $930 to $870 (London PM) during the period, gross market values dropped only marginally from $68 to $65 billion, probably reflecting the impact of increased volatility on valuing options. To link of article and charts: http://solari.com/blog/?p=3013 |
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