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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: surfbaron who wrote (3414)7/29/2002 12:48:57 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
Check out the 6 month and 1 year gold lease rates today

up big time!!!!!

kitco.com

this means the below-the-belt maneuvers last week by JPMorgan and GoldmanSux have exhausted the patience of the goldbanks
supply & demand imbalances are now met with rises in the gold lease rate
not price of gold
an utterly insane market mechanism
but it points to tightness in the gold supplies

JPM and Goldman must have borrowed too much for selling last week
/ jim