gold rising in all currencies ... willie, page-23

For the last few years, its only been tracking interest rates, nothing else...

A quick fit just by sight, from July 06, easier for this first one, not done computationally yet, of Gold Price, London PM Fix, with a Gold price generated from just the US overnight cash rates and time offset Gold Lease Rates. A few common fine features starting to emerge.

If US rates get down to say 2%, and Lease rates hover at 0.3%, then Gold would be ~$US1050. Lower than originally thought due to the inclusion of Lease rates in this model.