"The FT reports today that the 1-month lease rate fell to a record of almost -0.5%.

"The FT reports today that the 1-month lease rate fell to a record of almost -0.5%. This is thought to reflect two forces--supply and demand. On the supply side there interesting in shorting gold to raise dollars is apparently strong. On the demand side, the bullion banks are reportedly reluctantly to take gold for dollars. This is the opposite of what happened in the aftermath of Lehman's demise, when, where lease rates spiked higher. Lease rates have been consistently negative for some time, but the erosion recently has been more pronounced."
http://www.marctomarket.com/2011/09/dollar-and-gold.html