Quick Update: Gold/Silver Lease Rates

I cautioned that the silver price could plunge due to silver lease rates going down in this post on 19th August, 2012.





I forecasted that when lease rates go down, the silver price would go down with it a few months later.





That has come true, but now the lease rates are starting to go back up. So we could be close to a bottom formation. I'm getting my cash ready to buy silver again in a week or two.




Chart 1: Silver Lease Rate



The same is happening with gold lease rates.






Chart 2: Gold Lease Rate



Comments

  1. profit.bizDecember 13, 2012 at 10:57 PM

    Could you define the reason behind this gold/silver lease rates ? If Everyone will follow this post then we should have to stop investment in gold & silver. Anyways, keep share such information.

    Gold & Silver Trading Tips

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