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

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To: Dan P who wrote (690)9/17/2002 11:31:09 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

This past week's Up and Down Wall Street column in Barron's included a discussion of the views of Mr. O'Higgins of O'Higgins Capital Management. He see gold as in the place as equities were in 82. He recommends 93% cash and 7% in call options on the XAU, which he sees as going to 100 this year.

Lease rates appear to be continuing their down trend and are close to their all-time lows. As I keep saying, this sis consistent with dying carry trade and augers well of a bull market.

The GMI/POG ratio:

On 09/12, the Barron's GMI was 438.55, up significantly from the previous week's 414.61. With the POG down slightly at 318.80 (09/12), the ratio was up at 1.38.

The ratio a year previously was 1.06.

Cheers,
Larry
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