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: Larry S. who wrote (668)	6/16/2002 10:52:05 PM
From: Larry S.	Read Replies (1) of 972

Dan, FWIW, I didn't find anything concerning PMs in Barron's this week. However, Epstein's devoted his column to the dollar and based his positive view primarily on Carl Weinberg, chief economist at the Valhalla, NY-based High Frequency Economics. Weinberg believe foreign investment in the US markets will continue at a sufficient rate to counter the impact of the current accounts deficit. However, Abelson, in his column, provided a long list of reasons why this won't happen. And,if the dollar shows continued weakness, a further rise in gold is assured. I should also note that lease rates have fallen back further. The one-year rate is now essentially 0.9 %. As I have said many times before, it seems clear to me that continued low rates suggests a surplus of gold to lease and few takers. This is positive for gold. The GMI/POG ratio: On 06/13, the Barron's GMI was 452.05 down substantially from the previous week's 509.27. With the POG also down at 322.10 (06/14), the ratio was down significantly at 1.40. A year ago the ratio was 1.25. Cheers, Larry

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