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: Dan P who wrote (371)	6/17/1999 3:40:00 PM
From: Larry S.	Read Replies (1) of 972

Dan, The lack of activity on this thread and complaints that I missed the last two weeks makes it clear that no one is very interested in the GMI/POG ratio any more. This is its self a bullish contrary indicator. However, I will continue to post it here with the thought that it may become useful in the future and having a complete history in one place may be helpful. The information for the past two weeks is as follows: On 6/3, the GMI was 329.23, up slightly from 323.46 the previous week. With the POG down to 265.30 (6/4), the ratio is 1.24, the same as the previous week and up from last week's 1.204. On 6/10, the GMI was 325.96, down slightly from 329.23 the previous week. With the POG down to 259.70 (6/11), the ratio is 1.255, up from last week's 1.24. As has been the case for most of the past year, based on the data referenced in post 10, the ratio continues in the range of values that strongly suggests the XAU will be substantially higher within a year. For these dates, a year earlier the ratio was 1.34 and 1.27, respectively. Cheers, Larry

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