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 (756)	8/25/2003 7:40:23 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. The movement of Lease rates this past week suggested again that lease gold was being sold into the market to hold the price down. The rate went from 0.31 to 0.495, amazing change. It suggests that the supply is shrinking more than it has for weeks, me thinks. I wonder if CBs are beginning to think that the POG is really going to rise and want to be sure they keep what they have?. The GMI/POG ratio: On 08/21, the Barron's GMI was at 569.77, up slightly from the previous week's 568.26. With the POG down at 358.75(08/22) the ratio was essentially up at 1.59. Note that I messed up last week and posted the wrong GMI but the ratio was correct. Sorry! A year ago the ratio was 1.22. Cheers, Larry

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