"And THIS is why the price of gold is weak right now. The paper money promoters do not want gold moving higher going into the roll-out of big money printing programs in Europe and here. There was a report last Friday from a European media source that the Bank of England and the ECB were selling gold. They retracted that report yesterday but it turns out that is it half-true. It turns out that these two Central Banks were likely "leasing" gold out to member banks in order to enable these banks to raise much-need liquidity without having dump crap assets that have little or no bid. How do we know that the CB's were leasing gold? Take a look at the lease rates for gold, which can be found here: www.kitco.com You'll see that there are two distance downward spikes into negative territory. This indicates that Central Banks are making a large supply of gold available for lease to member banks. Imagine that, borrowing gold AND getting paid a small rate of interest to borrow that gold so you can sell it into the market place and use that money to pay your bills..."
[this is a must read blog post. it's short so go read.]