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

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To: Dan P who wrote (458)2/26/2000 9:48:00 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I noticed in Barron's this week that Precious metal funds dropped to last place this past week while techs regained the top spot.

It may also be interesting that Palladium is mentioned in the "Commodities Corner" in Barron's this week, and the last sentence states "Traders said Tocom's move could quash speculation in palladium futures, at least for the short term, though it won't change the bullish supply-and-demand equation."

Now, the update of the GMI/POG ratio:

On 2/24, the Barron's GMI was 323.28, down from the previous week's 346.41. With the POG down to 294.00(2/25), the ratio was 1.10, down from the previous week's 1.14. A year ago the ratio was 1.055. While history suggests that this low ratio is a strongly bullish indication for the next year, as you can see the indicator has had a very good record during the past year or so.

Cheers,
Larry
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