Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

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Message: Re: Negative Lease Rates
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Apr 03, 2008 08:02AM
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Apr 03, 2008 04:59PM
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Apr 03, 2008 05:11PM
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Apr 03, 2008 05:56PM

Joltin,

most of your latest post was very unclear so I will neither agree with it or disagree with it.

What was clear is this statement which I will have to disagree with you on because the facts are obvious.

/Gold is over $900.  & the chart has sloped upwards for years.  No indication of a short attack.  It's almost scary that you can't find anyone who thinks the price is going down & i'm including central banks./

You call gold dropping aprox. $160 per ounce in 3 days no indication of a short attack. It seems to me that there were plenty of sellers who believed the price of gold was going to go down or they would not have sold. It also seems to me that there are plenty of central banks who believe the price of gold is going down or they would not be selling aprox 500 tons of it per year.  The swiss would not have just sold 250 tons in 6 months.

They would not be doing selling if they believed gold was going up if they are acting from a profit oriented motive. Unless you are suggesting that there motive for selling gold is not profit oriented.

In which case paying investor to lease gold is surely a good way to go about it. Coinsidently, gold plunged around the same time the rates went negative.

I certainly wish that my broker would give me a negative interest rate charge on my margin account. I might actually use it then.

Regards,

F.F.

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