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Mr. Tiffany would love to use E-micro gold future contracts to hedge his holding of 3200 shares of GLD which are trading at $166.36/share. he

Mr. Tiffany would love to use E-micro gold future contracts to hedge his holding of 3200 shares of GLD which are trading at $166.36/share. he worries that the gold price may fall between 15th february and 15th november. What future position would Mr. Tiffany enter? please specify the direction (long or short), number of contracts and the expiry month

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