Tsafi

[popeyej]

"With Kitco lease rate data not updating at all on Friday, we now have the changes over two days displayed in the link below. Lease rates are now negative for silver all the way out to the 6 month term, and at levels that set new all time lows for lease rates in the one month through 6 month terms. If this data is to be believed, the 3 month silver lease rate was MINUS .33% on Friday. These numbers mean the silver market is under extreme stress, or should we say the bullion banks trying to sell it down are…… There is even some negative backwardation is the silver rates. What this all means is that the bullion banks (lenders) are willing to forego commissions and even give discounts below LIBOR to encourage borrowing of silver".