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

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To: Larry S. who wrote (606)12/13/2001 4:27:58 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I'm a few days late posting but it is unclear that anyone cares. In any event, I didn't notice anything in Barron's this past week concerning PMs but the Commodities Corner was devoted to a discussion of copper. The conclusion seemed to be that, while supplies are low and copper may have bottomed, it isn't going to move much from here in the near term. It should move up nicely if the economy recovers..

The GMI/POG ratio:

On 12/06, the Barron's GMI was 320.64, up from the previous week's value of 311.41. With the POGdown to 274.10 (12/07), the ratio was up significantly to 1.17.

The ratio a year previously was 0.95.

Cheers,
Larry
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