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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Eakole who wrote (918)	11/15/1997 8:25:00 PM
From: tshane	Read Replies (1) \| Respond to of 1911

Eakole, having spent most of my life studying physics and natural cycles and principles I have to agree with your statement: "They may manipulate markets but the fundamental laws will always win out in the end." I just hope my natural cycle is long enough to see it come to fruition (but I do think I'll be around long enough to see what form the next major tactical manipulation of the POG takes) :-} One thing I am continually amazed by is how long society can go counter to natural law without destroying itself - that in itself is enough to prove to me the existence of divine intervention. Regards, Richard

To: Eakole who wrote (918)	11/16/1997 12:40:00 PM
From: Sean Beingessner	Read Replies (2) \| Respond to of 1911

In Saturday's Financial Post, a Canadian Newspaper, pg 46, there is an article, "Suffering through golden daze". In the article there is a graph showing the spot gold price and the lease rates. It covers a few years. There are three upward spikes in the lease rate. The first spike was "about 60 days before the last run-up in the gold price in February 1996". The second smaller spike around December of 96, the last not so long ago. I assume that an increase in the lease rate can cause those, who have leased and sold or consumed gold to cover the position. So depending on the average duration of a lease contract, there is a delay between the rates going up and the covering. I would like to learn more about this. Does anyone know where on the net you can find the lease rates for gold? How and by who are these rates set? Finally, what is the average duration of a gold lease? Sean