Here is what they are showing.
I am wondering if Kitco did not use a bad LIBOR quote in calculating this.
As you may recall the lease rate calculation is LIBOR - GOFO (Gold Forward Offered Rates) = Lease Rate.
Here is something I wrote about this in the past, when lease rates had dropped.
I suspect Kitco may have miscalculated the data by using a bad LIBOR number, but lets see what happens tomorrow, and I'll do the math myself if they do not correct this.
PS. Later, a reader informs me that he thinks they did miscalculate. I will give it a day.