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 (587)	8/12/2001 10:04:29 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, It is good to know that someone is watching, even if only occasionally. I think that McMaster is correct his view that we have seen the bottom for the POG but it is not clear that the POG will move up very fast. FWIW, there were two mentions of PMs in Barron's this week. First, Einhorn devoted her Commodities Corner to gold and gold stocks under the lead "Fools Gold?" and provides a relatively bearish assessment. On the other hand, Jude Wanniski, who coined the term Supply-Side-Economics, reviews the relationship of gold, the dollar and inflation in an article with the lead " Day of Infamy -- Learning the lessons of the fateful decision to close the gold window". I think it is fair to conclude that he sees the price of gold moving up to somewhere in the range of $325 to $350, though the focus of his article was the need to open the window again.. The GMI/POG ratio this week:: On 8/09, the Barron's GMI was 307.84, up from the previous week's value of 285.69. With the POG up less to 275.80 (8/10), the ratio was up to 1.12 The ratio a year previously was 0.94, close to the all time low. Cheers, Larry

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