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 Central Banks All But Stop Lending Bullion

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CovOps

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Central Banks All But Stop Lending Bullion Vide
PostSubject: Central Banks All But Stop Lending Bullion   Central Banks All But Stop Lending Bullion Icon_minitimeThu Oct 09, 2008 7:42 am
Central banks have all but stopped lending gold to commercial and investment banks and other participants in the precious metals market, in a move that on Tuesday sent the cost of borrowing bullion for one-month to more than twenty times its usual level.

The one-month gold lease rate rocketed to 2.649 per cent, its highest level since May 2001 and significantly above its five-year average of 0.12 per cent, according to data from the London Bullion Market Association.

LNK
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Central Banks All But Stop Lending Bullion Vide
PostSubject: Re: Central Banks All But Stop Lending Bullion   Central Banks All But Stop Lending Bullion Icon_minitimeThu Oct 09, 2008 4:45 pm
In the last couple of hours, gold has soared $40!
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Central Banks All But Stop Lending Bullion

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