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<p>[QUOTE="ctrl, post: 1385083, member: 13378"]Post #3: "Yes. It's a sign that another bankster hit is coming."<p style="text-align: left"><span style="color: #000000">Post #4: "I guess lowering margin requirements wasn't good enough to sucker more speculative longs into the silver market before they smack it down again"</span></p> <p style="text-align: left"><span style="color: #000000">Post #9: "[So the price of silver is going to drop?] Most likely. And before February 29th"</span></p> <p style="text-align: left"><span style="color: #000000">Post #18: "There were two very significant spikes (more negative) which the banksters used to knock down the price of gold in December. IMO the central banks should not be allowed to lease the people's gold for negative interest rates as the only reason for doing it is to suppress the gold prices. It appears they are going to try the same tactics on Silver now"</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>"Below cost"? You're not understanding the basics and you think gold & silver is not an asset. Are you really suggesting that some banks do not hold gold & silver as an asset? I explained it as simply as possible, but here's a description: Banks make money from money, lending it, investing it, and so on. If the bank is running low on cash reserves for their needs, they can lease out gold/silver to boost their cash reserves. The negative rate is because demand for borrowing is low, so if they can make 5% lending money out and pay 1.3% to get that cash by leasing gold/silver, it's still a win if they don't expect to make money otherwise from the gold/silver. Simple.</p><p><br /></p><p>Even kitco talks about it:</p><p>"<font face="Verdana"><font size="2"><span style="color: #003366"><span style="color: #000000">The degree to which lease rates may be displayed as negative would suggest the degree to which there is a lack of demand to borrow the metal.</span></span></font></font>" (<a href="http://www.kitco.com/market/LFrate.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/market/LFrate.html" rel="nofollow">http://www.kitco.com/market/LFrate.html</a>) </p><p><br /></p><p><br /></p><p><br /></p><p>It was a response to you making a snide comment to someone saying "it's funny that..." Nothing to do with money being "sireoz biznaz". </p><p><br /></p><p>Immediately rejecting a response that might possibly contradict your position is exactly what you referred to as a "defense mechanism" you said. "You may wish to investigate this".[/QUOTE]</p><p><br /></p>
[QUOTE="ctrl, post: 1385083, member: 13378"]Post #3: "Yes. It's a sign that another bankster hit is coming."[LEFT][COLOR=#000000]Post #4: "I guess lowering margin requirements wasn't good enough to sucker more speculative longs into the silver market before they smack it down again" Post #9: "[So the price of silver is going to drop?] Most likely. And before February 29th" Post #18: "There were two very significant spikes (more negative) which the banksters used to knock down the price of gold in December. IMO the central banks should not be allowed to lease the people's gold for negative interest rates as the only reason for doing it is to suppress the gold prices. It appears they are going to try the same tactics on Silver now" [/COLOR][/LEFT] "Below cost"? You're not understanding the basics and you think gold & silver is not an asset. Are you really suggesting that some banks do not hold gold & silver as an asset? I explained it as simply as possible, but here's a description: Banks make money from money, lending it, investing it, and so on. If the bank is running low on cash reserves for their needs, they can lease out gold/silver to boost their cash reserves. The negative rate is because demand for borrowing is low, so if they can make 5% lending money out and pay 1.3% to get that cash by leasing gold/silver, it's still a win if they don't expect to make money otherwise from the gold/silver. Simple. Even kitco talks about it: "[FONT=Verdana][SIZE=2][COLOR=#003366][COLOR=#000000]The degree to which lease rates may be displayed as negative would suggest the degree to which there is a lack of demand to borrow the metal.[/COLOR][/COLOR][/SIZE][/FONT]" ([URL]http://www.kitco.com/market/LFrate.html[/URL]) It was a response to you making a snide comment to someone saying "it's funny that..." Nothing to do with money being "sireoz biznaz". Immediately rejecting a response that might possibly contradict your position is exactly what you referred to as a "defense mechanism" you said. "You may wish to investigate this".[/QUOTE]
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Silver Lease Rates are Negative again.
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