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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Wade who wrote (966)8/4/2006 10:54:07 AM
From: Larry S.  Read Replies (3) of 972
 
Wade,

Have you noticed the lease rates? The ONE Year rate is up to 0.11 percent today but it was down to 0.06 percent a couple days ago. There seems to be some inverse correlation with the price of gold but moves aren't as clearly correlated as while the POG gold was dropping a couple of years ago. I think it means that CBs are doing all they can to motivate the leasing of gold to be sold to hold the price down but I'm not sure. There was a time that CBs said they leased gold to make up for the cost of storing it but, at these rates, they aren't leasing for money.

Manipulation seems to be the name of the game these days. Crudele, of the NY Post (see Russ Winter's Credit and Bond Bubble Thread and posts by Les H.) has recently written about the Plunge Protection Team, and he is going after the minutes of their meetings. Some free market.

Larry
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