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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (780)	10/7/2003 11:20:36 PM
From: Larry S.	Read Replies (2) \| Respond to of 972

Dan, et al, Yesterday I said the spike in lease rates supported Sinclair's view that the recent fall in the POG was not do to manipulation. I went on to state incorrectly that the jump in the one-year rate meant that supplies increased and leasing was minimal. The opposite is true. The spike in lease rates clearly indicates that there was a spike in leasing and probably a spike in leased gold being sold to cap the POG. Larry