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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Dan P who wrote (729)5/26/2003 5:52:03 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I agree that the index isn't signaling anything and I don't recall that the analysis the stimulated ms posting suggested that it would except when at an extreme. If I ever find time to put the data accumulating on this thread into a spread sheet, we might find that it is more useful. But I don't see how it would be better than a similar analysis using the HUI.

There was nothing in Barron's this past week concerning PMs. And I didn't hear anything of special interest on any of the financial shows I caught though there seems to be a consensus that the dollar will drop further and that gold will benefit.

Lease rates continue to fascinate me. However, the lease rate data posted on Kitko didn't give any clear signals this past week. But there is clearly no shortage of gold to lease for almost nothing.

I note also that Sinclair is again talking about the POG breaking $400 this Summer.

The GMI/POG ratio:

On 05/22, the Barron's GMI was at 490.00, up significantly from the previous week's 468.72. With the POG also up at 370.50 (05/23), the ratio was held at 1.32.

A year ago the ratio was 1.63. The GMI was substantially higher, while the POG was much lower, indicating a lot more optimism.
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