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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: long-gone who wrote (27782)	2/5/1999 7:48:00 AM
From: John Hunt	Read Replies (1) of 116786

The Real Lenders of Last Resort (Silver) << But things got decidedly unquiet in silver in the past few days, with lease rates surging once again. Here's why it's not a coincidence that the rates are surging exactly one year after the last great lease rate spike - the leases that were entered into a year ago, just came due. A year ago, the one-year silver lease rate exceeded 20% and that was on $7 silver. That's a far cry from the 3% on $5 silver that was available until a few weeks ago. So when the one-year leases came due, starting a few days ago, the lenders of silver said, "no thanks, I'll take my silver back". If you've read any of my previous articles, you know that presents a problem - a billion ounce problem. >> gold-eagle.com Very interesting article.

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