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

To: Elizabeth Andrews who wrote (81732)	2/7/2002 10:26:51 PM
From: paul ross	Read Replies (3) \| Respond to of 116756

Several who have posted here intimated that we would need high lease rates for any susstained gold rally. Rates have foolowed some of the prior gold spikes. kitco.com

To: Elizabeth Andrews who wrote (81732)	2/7/2002 11:13:03 PM
From: E. Charters	Read Replies (2) \| Respond to of 116756

Gold at present is a bit fungible, I agree. (I didn't think ladies talked this way. It's encouraging to see some call a spade a spade. Some say gold is a bit of a Baptist, or a Presbyterian. I think its acts Catholic at times and occasionally bites you like a radical Muslim.) There are two ways of thinking about lease rates. Someone needs them high to discourage borrowing, or they are high because borrowing is high enough to charge the limit. Low lease rates could be to encourage downward pressure, or borrowing and selling, but maybe they ain't workin. EC<:-}