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

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To: Dan P who wrote (640)3/31/2002 11:06:24 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

Alan Abelson, Barron's Mr. Gloom and Doomer, demonstrated his contempt for gold in his column this week. He opined that the recent rise in the price of gold and gold stocks was only bear market rally. It was the first time I recall his mentioning gold in a couple of years but my memory is not very good these days. In any event, his comments should be viewed as strongly bullish. I view his treatment of gold as consistent with Barron's recent bullish article on Morgan/Chase. In honor on his mentioning gold in his column, Barron's chose to neglect to update their GMI this week so I won't post the ratio.

FWIW, Kaplin updated his website on the 3/25 and makes essentially the same argument as I credited to Goodwin last week - the market has gotten ahead of itself. But, he is very bullish longer term.

Cheers,
Larry
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