The gold lease rates continued to rise fairly sharply today across the entire gold lending spectrum.
Stress is alive and well and back in the gold market.
However, whenever stress develops, The Gold Cartel digs in, as mentioned yesterday. Today was no different than at any other time over the last 6 years. Once again, the set up for a big gold up day could not have been better. The dollar was knocked down and finished at 155.26, down .59, China tensions grew, commodity prices roared back from their recent slump, the Nasdaq was crushed, and rumors of coming high tech, big name corporate bankruptcies started to circulate. Well into legal import territory.