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 (571)	5/21/2001 10:19:31 AM
From: Larry S.	Read Replies (1) of 972

Dan, et al, Yes, the rally in the shares of gold companies has been strong. This is reflected in the rise in Barron's GMI. We should know soon if the POG is going to keep moving and support a continuing of the rally. If the carry trade is broken, we could be in for a major rise. However, the dollar is still strong; so I would be surprised if it keeps moving up.. FWIW, I didn't find any mention of gold in this week's Barron's. However, In his Economic Beat column, Epstein pointed out the AG's next major concern may inflation, not the economy. I have a feeling that he may have to be concerned with both. This could make gold and gold stocks the best investments. The GMI/POG ratio for this week:: On 5/17, the Barron's GMI was 355.14, up significantly from the previous week's value of 334.13. With the POG up to 273 (5/18), the ratio was up to 1.30. The ratio a year previously was 1.03. Cheers, Larry

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