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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Larry S. who wrote (699)12/3/2002 12:32:18 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

Perhaps it's the lack of action in the PM markets or just the time of year, but I seem to be losing it. I forgot to post last week's GMI info so I've covered the last two weeks below.

There were several interesting articles in Barron's this past two week but nothing that I recall of particular significance to PMs. And, the lease rates don't seem to be saying anything, at least, not to me.

The GMI/POG ratio:

On 11/21, the Barron's GMI was at 391.31, down from the previous week's 393.94. With the POG down at 317.70(11/22), the ratio was unchanged at 1.23.

On 11/28, the Barron's GMI was at 390.26, down from the previous week's 391.31. With the POG essentially unchanged at 317.85 (11/29), the ratio was unchanged at 1.23.

The ratio a year previously was 1.10.

Cheers,
Larry
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