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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST

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To: bambs who wrote (64663)2/27/2001 9:21:40 AM
From: Zardoz  Read Replies (1) of 116763
 
Bambs, you leasing out you gold again?
Better not let the thread read that...

Lease rates are meaningless to the spot buyer, and only a deterrent to futures and spec shorts. Even though it can create a covering, it is seldom important if the other side of the hedge is in Treasuries {and ramping faster}.... but maybe a ramp in treasuries can cause a covering in Gold futures to close out positions and thus create a ramp in lease rates.

Hutch
PS: You got any CSCO shares for Gold that you want to trade?
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