This is a very interesting and important article for all gold bugs

As GOFO falls and LIBOR increases, a stituation is here that is generally associated with strong increase in gold prices.

Here is a quote from the article:

"In the first quarter of 2001 gold lease rates began to climb and once again, gold fell until March 2001 when GOFO breached 1%. What is even more interesting about 2001 is that gold prices increased 14% after the GOFO rate fell below 1%, while gold prices rose only 8% in the aftermath of September 11, 2001."

http://seekingalpha.com/article/1006...