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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: rayrohn who wrote (9827)1/16/2009 12:34:06 AM
From: jaker  Read Replies (2) of 41419
 
Do you guys watch the Gold Lease rates? Tonnes of gold laying around in central bank vaults. They lease it out at usually small interest rate. But something better than nothing... Usually it is low and stable, however in Oct. it spiked... Banks were scared to lease it out. Since then the lease rates have been drifting back down. I do not think gold will become a stable trader until lease rates fall back to normal around .5000%, before the Sept./Oct. crunch.

You can see lease rates on Kitco
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