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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (32717)	12/15/2011 7:21:23 PM
From: Wade	Read Replies (2) \| Respond to of 48092

What Harvey said was very interesting last night: Wednesday, December 14, 2011 Negative Lease rates continue/gold and silver bombed as Europe runs out of USA dollars harveyorgan.blogspot.com Good evening Ladies and Gentlemen: Today the lease rate for one month lease on gold went to negative 1/2%. In other words, the central bank pays the bullion bank to borrow gold. With cheap gold and silver (also negative lease rate) the bankers raided gold and silver. Most financial commentaries believe this action was to make the world seem to be in better shape if gold/silver was down as Europe is in a mess. I do not believe that this was the reason for today's raid. The real reason was the fact that Europe again after just two weeks of huge dollar swaps, have run out of dollars again. Collateral at the European banks are few and it seems the only "good" asset that they have is the gold that they have not already leased out. All other European gold that have been leased out has not been returned and thus remains as a short to the banks. The subsequent sale of the leased gold/silver raises the needed USA dollars. ...more