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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Dan P who wrote (670)6/20/2002 11:05:34 PM
From: Larry S.   of 972
 
Dan,

I think you are right. Lease rates for gold are the lowest I recall - one year at 0.82%. And, the one year rate for silver is betting close to 1%. There must be a surplus of gold and silver available for leasing but fewer takers. It sure looks like CBs aren't going to be able depend any more on the leasing in of gold to hold down its price.

Larry
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