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Strategies & Market Trends : Strictly: Drilling II
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To: waverider who wrote (12064)5/10/2002 9:45:03 AM
From: TheBusDriver  Read Replies (2) of 36161
 
lease rates are what the bullion banks will loan their gold for. the gold in turn is sold into the market and the money invested in bonds and such at a higher rate. This is called contango: the difference between the rates.

What the-privateer is saying is that as gold become more attractive people see it more as a long term investment instead of a short term investment. The resulting rise in the 1 year rate with POG increasing is one more confirmation that we are in a bull market.

Hope that helps and I didn't hack it too badly.

Wayne
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