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: Larry S. who wrote (910)	2/7/2005 11:01:08 PM
From: Larry S.	Read Replies (1) of 972

Wade & Dan, et al, Last week I reiterated my previous week's comment that it appears that you, Dan, were right on when you indicated that gold was going to consolidate. It sure has but, except for those who see our economy picking up big time this year, the general view appear to be that the bull market in Commodities, including PMs, will resume sometime this Spring. The latest issue of Barron's carried an interview with Stephanie Pomboy and she is very bullish on PMs. The GMI/POG ratio: On 2/03, the Barron's GMI was 615,84, down from last week's 621.90. With the POG similarly down at 415.90 (2/04), the ratio essentially unchanged at 1.48. The ratio continues in the middle range where it doesn't suggest a rise or drop in the POG. It is clear that there is very little speculation behind the price of stocks at this time. The ratio a year ago was 1.55, reflecting the fact that some of the optimism in the markets a few weeks earlier had disappeared.. Larry

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