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 (724)	5/5/2003 11:04:33 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There was nothing in Barron's this past week concerning PMs. But Rukeyser spoke with the three top rated technicians on Wall Street this past Friday and two of the three believe that gold is in a bull market that will carry it beyond its recent high. And, Kudlow is calling for an increase in money supply necessary push gold to at least $400. Interesting. Lease rates continue to fascinate me. Kitko updated the rates today and the one-year rate is down to 0.38%. There is clearly on shortage of gold to lease for almost nothing. It will be interesting to see if the rate moves up is the POG retreats a little later this week. The GMI/POG ratio: On 05/01, the Barron's GMI was at 449.07, up from the previous week's 440.96. With the POG up at 340.50 (05/02), the ratio held at 1.32. A year ago the ratio was 1.45. The GMi was substantially higher, while the POG was lower indicating more optimism.

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