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| Chart 1: Gold Lease Rates |
Friday 28 December 2012
Gold Lease Rates in Positive Trend
Posted on 05:06 by Unknown
It's safe to say that the worst is over in the gold market as lease rates have just made a new high since the dip in the beginning of December. The COT reports also show that the large commercial silver shorts have now been covered for a small part to the extent of the number reported on November 2012. Open interest declined with it.
I'm not sure what the status is on the silver lease rates, but that trend line should follow the gold market soon.
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