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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (759)9/12/2003 9:03:21 PM
From: Larry S.  Read Replies (3) of 972
 
Dan, et al,

I'm late in posting the GMI data for last week. I didn't see anything of direct significance to PMs in Barron's this week.

I attended the Mining Investment Conference in NYC on Monday and Tuesday and heard all of the gurus talk about how we are in a PM bull market. Dines was the most bullish and expects to see gold at $1000 and spike even higher over the next few years. Rick Rule and Skousen were less bullish but they also believe.

The GMI/POG ratio:

On 09/04, the Barron's GMI was at 594.05, up from the previous week's 592.--. With the POG also up at 375.80(09/05) the ratio was unchanged at 1.58.

A year ago the ratio was 1.30.

Cheers,
Larry
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