Precious Metals mutual funds (gold, silver, PGMs) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry S. who wrote (703)	12/23/2002 7:30:46 PM
From: Dan P	Read Replies (1) of 972

Larry: Certainly a nice steady move in the price of gold and the funds. Interesting events recently, including the speech by Greenspan in which he discussed gold, and the consensus by some that there may be some sort of a financial role for gold in the US. Time to revisit the ratio that you follow: According to the original article we don't have to worry about the ratio until it gets to 1.91 to 2.1 range. Of interest, there was another interesting article addressing this same issue, using the XAU and gold. His ratio is gold/XAU: Buy at 5.5 or less, sell at 3.1 or so. Here is the reference: Kevin Klombies (I know you are aware of his work) gold-eagle.com He suggests that if gold stays at $350, the XAU could move up to 115, basing that on an expected top of the ratio at 3.1 or so. Of course if we are in fact dealing with a true bull market in gold, all bets might be off as to what the top will be. Congratulations on your Cardero. Cheers and Merry Christmas Dan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next