Relevant:
- Misinterpretation of Gold Lease Rates and Why Gold Could Rise
- Gold: The Last Carry Trade
- Is negative gold lease rate a sign of ballooning derivatives risk at GLD and similar ETFs?
- "Love Trade" Cools But Central Banks' Gold Demand Heats Up
- Gold as Part of Gresham's Law for Interest Rates - Tom Fischer (interviewed)
2008-12-11 — mineweb.com
ScotiaMocatta's analysis revealed that gold lease rates have been soaring and "likely to put an end to the gold carry trade, at least for a while. With interest rates falling, the profit margin on gold carry trades has diminished significantly. This means that as former carry traders come to the end of their term, gold will be withdrawn from the system and returned to central banks."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.