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: Dan P who wrote (701)	12/9/2002 10:53:58 AM
From: Larry S.	Read Replies (1) of 972

Dan, et al, I sure hope Gilchrist is right. Kitco updated their lease rate data this morning and it sure look like CBs are doing their best to make gold available to lease. The rates are at or below the level they reached just before the spike about Oct. 10. The one-year rate is now 0.59 percent. However, the POG seems to be holding about 325. I would be very happy if 325 became to low side of a trading range for a while. There were several interesting articles in Barron's this past two week but nothing that I recall of particular significance to PMs. With the POG breaking the 325 barrier, I expected a few words about gold but the only mention I found was in Donlan's column and his words were derogatory remarks about a gold standard. The GMI/POG ratio: On 12/05, the Barron's GMI was at 416.11, up significantly from the previous week's 390.26. With the POG also up significantly at 325.75 (12/06), the ratio was up at 1.28. The ratio a year previously was 1.17. Cheers, Larry

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