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 (687)	9/3/2002 12:29:20 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 past week nor did I hear anything significant on any of the financial shows I caught - just like last week. However, the lease rate charts on Kitco as suggesting to me that see are about to see a major move up in the POG. I've been focusing on the one-year rate but I suspect that was a mistake. If you look at the charts, you will see that all of the rates are moving down towards their July lows. In fact, the very short term rates are below those lows. The supply of gold for leasing must be high and leasing activity relatively low. Perhaps we are going to see another run at 325+. The GMI/POG ratio: On 08/29, the Barron's GMI was 408.21, up from the previous week's 374.75. With the POG up proportionately at 312.80 (08/30), the ratio was up at 1.30. The ratio a year previously was 1.15. Cheers, Larry

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