Precious Metals mutual funds (gold, silver, PGMs) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dan P who wrote (660)	5/27/2002 10:51:27 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, The JP Morgan comment is interesting. However, it would appear that the leasing game is no longer available a means of suppressing the POG. Lease rates continue to move in the opposite direction from gold and the 1 yr. rate is near its all-time low, both indicating limited demand and a bull market in gold. The 1-yr. rate move up a little as the price of gold backed off a little the last two days but it is still below 1%. If CBs wants to increase the supply of gold, they will have to sell it out right and the Washington agreement restricts what those most likely to be interested is selling can do. I didn't find any mention of gold in Barron's this week except in market statistics. The GMI/POG ratio: On 05/23, the Barron's GMI was 523.70 up very significantly from the previous week's 470.64. With the POG up significantly at 320.95 (05/24), the ratio was up at 1.63. The ratio a year previously was 1.23. Cheers, Larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next