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

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To: Dan P who wrote (577)6/10/2001 10:13:33 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

Yes, the gold stocks seem to be holding fairly well and gold spiked up a bit on Friday. I wish I new what it all means but it seems clear that there is unrest in the market and I think it is bullish..

FWIW, I didn't find anything concerning PMs in Barron's this week, which, in a contrary way, may also be bullish.

The GMI/POG ratio for this week::

On 6/07 the Barron's GMI was 322.64, down slightly from the previous week's value of 328.09. With the POG also up to 267.00 (6/08), the ratio was down slightly to 1.21. The ratio a year previously was 1.08.

Cheers,
Larry
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