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

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To: Dan P who wrote (615)1/20/2002 4:03:28 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I also have difficulty with Epstein's optimism but he was back this week with further support with reasons the capital spending will be strong in this recovery. I could be that he could me right in the relatively near term but wrong longer term. This would be consistent with the view of many bears. The consensus of this year's round table seems to be that the market won't do much this year but that the economies around the world will recover but not boom. Even, it the Doom and Gloomer, Farber, is right the economy won't be a disaster but the US markets will be sick. He sees a moderate fall in the dollar and rise in the price of PMs. He sees Commodities in an uptrend for the next several years. The Commodities Corner of Barron's this week was devoted to commodities including currencies. The general thrust was mildly bullish on commodities, particularly the Australian and Canadian dollars and PM.

The GMI/POG ratio:

On 01/17, the Barron's GMI was 346.24 up from the previous week's value of 338.92. With the POG down to 283.20 (01/18), the ratio was up to 1.22.

The ratio a year previously was 0.98.

Cheers,
Larry
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