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Say on May 3 0 , you buy 2 futures contract on gold when the price is $ 1 4 0 0 / oz .

Say on May 30, you buy 2 futures contract on gold when the price is $1400/oz. and each contract is for 100 oz. You post $7000 in margin for each contract. In the next four days, the following futures prices are observed: $1397, $1396.10, $1395.45, $1380(all stated per oz.)

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