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

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To: Larry S. who wrote (686)8/28/2002 10:52:07 AM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I didn't notice anything of significance concerning PMs in Barron's this past week nor did I hear anything significant on any of the financial shows I caught. It appears that the one-year lease rate may again be moving in the opposite direction to the POG, bullish sign, but we need a few more days of similar action to be sure.

The GMI/POG ratio:

On 08/22, the Barron's GMI was 374.75, down a little from the previous week's 393.15. With the POG down proportionately at 305.95 (08/23), the ratio was down significantly at 1.23.

The ratio a year previously was 1.16.

Cheers,
Larry
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