Goblin, I just wonder if the recent rally of the US dollar and sell-off of Gold was mostly due to end of the year profit taking and is now over. Yesterday was the end of the financial year for some major financial institutions. I think your calls on Gold are often very good. Don't the rising lease rates, especially considering that the 1 month lease rate is now higher than most longer term rates (http://www.kitco.com/market/LFrate.html), indicate that the shorters are getting stressed and are running out of steam? A major rally and short squeeze should be on the cards very soon. Only problem is that the shorters pretty much have unlimited money. There's also a rather large open interest in out of the money call options. Anyway, I don't really know how to interpret lease rates for daily movements and will be all ears if you care to explain. Does the sharp rise of the 1 month lease rate and rise of longer term rates mean that it's going to get hammered on Monday as the shorters are obviously working overtime, or are we off to the races?
