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 (737)	7/13/2003 11:11:35 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, I didn't see anything of direct significance to PMs in Barron's this week. However, the Commodities Corner is devoted to a discussion of commodities in general and and copper in particular. It is observed that Copper isn't moving up much and therefore isn't supporting the view that the economy is about the pick up steam. The lease rates continue to speak loud and clear. As I said last week, leased gold may not be the primary source of gold (paper gold may be a major source) that is holding the price down but it is clearly a significant source. And this supports the view that the price is being manipulated. The GMI/POG ratio: On 07/10, the Barron's GMI was at 505.17, down from the previous week's 519.47. With the POG also down at 343.70(07/11), the ratio was essentially unchanged at 1.47. A year ago the ratio was 1.42, which the spike down to 1.23 the ratio (down from 1.41). Cheers, Larry

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