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 (723)	4/29/2003 11:59:56 AM
From: Larry S.	Read Replies (2) of 972

Dan, et al, You are right on. Treading water is a good description. But it may be the calm before the storm. Kitco updated lease rates yesterday morning and the one-year rate is at 0.37%, an all-time low. I'm sure that the selling of leased gold is only one factor holding the price of gold down but is seems reasonable to me that the very low rate indicates that the game is almost over. I have tried to interest Abelson and Epstein to take an interest is the gold leasing game but neither has shown any interest. I didn't see anything relative to PMs in Barron's this past week. The GMI/POG ratio: On 04/24, the Barron's GMI was at 440.96, down from the previous week's 449.11. With the POG up at 333.25 (04/25), the ratio was up at 1.32. The ratio a year previously was 1.43, indicating more optimism than today. Cheers, Larry

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