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 (709)	1/27/2003 10:48:22 PM
From: Larry S.	of 972

Dan, et al, The only mentions of PMs I noticed in this past week's Barron's were the comments of Faber and Zulauf in the final edition of their Round Table. They are both bullish on both Gold and Silver. Kitco updated lease rates today and it appears that rates for gold are at or near an all-time low. It would appear that the CBs are doing all they can to make it available for leasing but there don't appear to be any takers. This has to be bullish for the POG. The GMI/POG ratio: On 01/23, the Barron's GMI was at 502.59, up from the previous week's 494.11. With the POG up significantly at 366.00 (01/24), the ratio was down at 1.37. As I noted last week, the GMI hasn't been rising with the POG and has a bit of catching up to do. The ratio a year previously was 1.20. Cheers, Larry

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