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 (683)	8/12/2002 10:49:52 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, I didn't notice anything of significance concerning PMs in Barron's this week except a note at the end of the Commodities Corner. It was stated that "Gold Rallied On Rumors A Major Producer was buying to close out forward sales. The December contract gained $7.20 to end the week at $316 a troy ounce." It may also be worth (marginally) noting that, during Friday's show, Kudlow said that he wasn't looking for (hoping for) the FED to lower rates but rather to increase the supply of money in the system. He went on the say that he wanted the CRB index to move up 20% and wanted the POG to move up to about $350. It appears that he wants a little inflation or, like Wanniski, is afraid we are slipping into excessive deflation. The GMI/POG ratio: On 08/08, the Barron's GMI was 370.15, down very slightly from the previous week's 371.61. With the POG up at 312.95 (08/09), the ratio was down at 1.18. The ratio a year previously was 1.12. Cheers, Larry

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