Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Wade who wrote (871)	8/9/2004 10:56:57 AM
From: Larry S.	of 972

Wade, et al, I don't pretend to know what the POG is going to do but I'm betting that the dollar will fall significantly at some point and drive gold higher. I wouldn't be surprised to see something happen before the election. In any event, there weren't any articles in Barron's directed at PMs this past week. But lease rates set all time lows today. The one-year rate is 0.165. The very low rates make it clear the CBs are willing to essentially give it away and I can't think of any other reason than to keep the price down. The GMI/POG ratio: On 08/05, the Barron's GMI was 548.55, down from the previous week's 559.05. With the POG up at 399.00(08/06), the ratio was down at 1.37. The ratio continues in the middle range where it doesn't suggest a rise or drop in the POG. The ratio a year ago was 1.53. Larry

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