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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (71745)	6/14/2001 7:46:47 PM
From: long-gone	Respond to of 116753

re: lease rate easing As I posted, there are two sides which impact pricing, both supply & demand. The main customer for leased gold is mining firms forward selling. Could GATA have impacted the mining company demand enough to kill leasing price?

To: Crimson Ghost who wrote (71745)	6/14/2001 9:08:09 PM
From: Michael Collings	Respond to of 116753

George: I think that the lease rates aren't that material right now. In a bear market, sure they are and so is all the manipulation ie. forward selling and hedging, cb sales, bb shorting. The underlying problem is constant or declining demand. However in a bull market, none of these things will matter. The underlying demand overcomes it. Good news is good and bad news is good. Demand overwhelms supply. I believe we are in the beginnings of a bull, not a bear rally. All those things that perpetuate a bear just don't apply.