Question: Sterling Jones purchases a 5 , 0 0 0 - troy ounce contract on silver at $ 1 3 . 0 0 an ounce. At

Sterling Jones purchases a 5,000-troy ounce contract on silver at $13.00 an ounce. At the same time he purchases a 112,000 pound sugar contract at0.191 cents a pound. If the price of silver goes down to $12.94 at the same time the price of sugar goes up to 0.196 cents, will Sterling have an overall net gain or loss?

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