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 (733)	6/22/2003 9:14:18 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, the lead story in Barron's this week was the mid-year round table and both Zulauf and Faber reiterated their bullish view of gold. The consensus view of the US market seemed to be that stocks could rise a bit through early 04 but only BArton Biggs was strongly bullish. Lease rates continue to suggest that leased gold is still being used to suppress the POG. However, the rate bounce around so much that the signal isn't as clear as a few months ago. The GMI/POG ratio: On 06/19, the Barron's GMI was at 530.21, up significantly from the previous week's 498.94. With the POG up at 358.00 (06/20), the ratio was up at 1.48. The ratio suggests that there is increase optimism in the market. A year ago the ratio was 1.51.

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