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khaki

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Gold Lease Rates Spiking

posted on Apr 10, 2012 12:58PM

From ZeroHedge:

Gold And Silver Go Vertical

Submitted by Tyler Durden on 04/10/2012 12:45 -0400

Apple
LIBOR

Are investors rotating from the 'safety' of Apple to the new 'safety' of Gold and Silver? Because the next time there is a wholesale margin call, which courtesy of soaring margin debt will likely be today, speculators will have to sell the one asset that is outperforming everything. You guessed it...

Perhaps of note is the jump in USD Libor - GOFO (Gold Lease rates) to its highest since July 2011.

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