With lease rates out of control and the HUI artificially pulled down as seen here, the risk is nearly removed for investors - do what Buffet has done... strike while blood is running in the markets and buy under the MA's...
mhlld: Thnx for article. When was the last time goldbugs have seen anything like this in print? Even a year ago, it would have read like an apocalyptic vision of global financial chaos and dismissed by the "brightest" minds on Wall Street. Now it's here.
And now GATA is reporting that gold leasing story -
Gold is trading down in the thinner overnight electronic markets but it will not stay down... just a guess here that it is higher by 130pm eastern on Wednesday the 8th when folks get wind of these reports.
Central banks all but stop lending gold
Submitted by cpowell on 05:01PM ET Tuesday, October 7, 2008.
Section: Daily Dispatches By Javier Blas Financial Times, London Tuesday, October 7, 2008
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