Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: terry richardson who wrote (17574)	8/20/2002 1:13:22 PM
From: Jim Willie CB	Read Replies (1) of 36161

no on gold lease rate, this is what Sinclair warned of the "counter-party risk" based credit downgrade last week is the probable reason for rising gold lease rates JPM, Citi, Merrill, MStanley all were downgraded it went over without ceremony TanRange CEO Sinclair warned to watch for rising gold lease rates that would signal RELUCTANCE by Gold Bullion Bankers to risk lending more gold to the unstable cartel see within financialsense.com "The Gold Lease rate, among other things, measures the supply and demand for gold leases. When the gold lease rate rises this time, it will be due to the central banks' reluctance to extend leasing and reluctance to renew already outstanding leases. The increase in the rate will be a product of reduced supply." eventually I expect to see a rising lease rate curve the 6-month is .46%, which is twice the 2-month Sinclair is onto something it doesnt mean the cartel is loading up it means the gold bankers will charge them more if and when they want to attempt to beat gold down cartel risks are rising goody goody, Jim

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