Two things of note in the following article

1) For a bank to lends its gold ... they pay .57%

2) The ECB pledged for the first time to offer banks unlimited cash for three years and loosened the collateral rules

http://www.businessweek.com/news/2011-12-08/gold-lease-rate-slides-as-european-banks-seek-dollar-funding.html

they're pulling out all the stops to slowdown the timing of the next run up in gold .... smart money will sit tight or add position

orgy