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 (401)	10/3/1999 10:20:00 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, On 9/30, the Barron's GMI was 394.94, up from the previous week's 347.76. With the POG up significantly to 307.50 (10/01), the ratio was 1.28, surprisingly below last week's 1.35. The ratio one year ago was 1.33. The ratio continues in the range of values that suggest, based on the data referenced in post 10, a substantially higher GMI within a year. However, it has been in that range for more than a year. The drop in the ratio this week even though the POG moved up significantly, makes me wonder if the market is skeptical about the action of the European Banks. I hope it is a healthy skepticism. I notice that Auger, Mr. Elliott Wave, is looking, in the near term, for move up in the prices of stocks followed by a new low. Cheers, Larry

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