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 (730)	6/8/2003 11:55:16 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There was nothing in Barron's this past week concerning PMs. But last week the Commodities Corner was devoted to the new gold fund; though these wasn't any pros or cons about gold as an investment. In addition, I didn't hear anything of special interest on any of the financial shows; though there seems to be a consensus that, sometime during this Summer, the dollar will drop further and gold will benefit. Lease rates continue to fascinate me. The lease rates are at all time lows (one-year rate of 0.34%). However, the inverse relationship to the POG was not very clear this past week. But, the very low rates confirm the death of the Carry Trade. The GMI/POG ratio: On 05/22, the Barron's GMI was at 479.70, down from the previous week's 490.00. With the POG also up at 361.40(05/30), the ratio was held at 1.33. On 06/05, the Barron's GMI was at 504.23, up from the previous week's 479.70. With the POG also up at 363.00(06/06), the ratio was held at 1.39. A year ago the ratio was 1.56.

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