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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 (804)11/20/2003 9:29:42 PM
From: Wade  Read Replies (1) | Respond to of 972
 
Larry,
Good point. May be I am wrong. But, this is how I see it:

If the lease rate is low that means CBs want to lease gold out (supply). But, if there are many takers (demand), I think CBs will raise the lease rate to earn more profits.

I'll see if I can make a chart to find out the effect.

Wade



To: Larry S. who wrote (804)11/20/2003 9:40:34 PM
From: Wade  Respond to of 972
 
Larry,
I went to Kitco web site. Their 1-year lease rates have been dropping continuously as POG rising. I saw the recent spikes of the lease rates, but they are normal right now.
I hope all of the CBs run out of gold soon<VBG>.

Wade


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