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[101001000x]

Maybe we get a nice rally. Quote below comes from the article in the URL - also below. Got this info from www.321gold.com


http://www.canada.co...f8-48239f96a5a0


The one-month lease rate for gold has soared more than threefold, to 2.68 per cent, in just more than a week and the parabolic move -- symbolic of the expanding reach of the credit crunch -- has experts labelling it another bullish sign for bullion. Prices continue to hover around $900 U.S. an ounce after rising 22 per cent in the past year.

"This (the lease rate for gold) usually precedes a sharp move in the gold price," said Steven Isenberg, chief executive officer of Toronto-based M Partners. The cost of borrowing gold rose dramatically in March 2001, on signs that central banks were making less bullion available to speculators, mining companies and jewellers. This helped gold rally more than 12 per cent in the following two months.