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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (2374)	1/14/2000 6:45:00 PM
From: Paul Berliner	Read Replies (1) of 3536

A helpful term used in gold circles is 'contango', which I believe defines the difference between gold lease rates and a benchmark short term interest rate, such as 3-mo. LIBOR. Contango soared in the weeks leadng up to gold's breathtaking september spike, but have since receded to normal levels.

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