SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan P who wrote (762)9/14/2003 3:47:08 PM
From: Larry S.  Read Replies (1) of 972
 
Dan, et al,

I'm not sure Dan, but I would suggest that Techs are more over priced than gold stocks though both over valued. Abelson quoted Fred Hickey, a High-Tech guru, as follows in this week's column:

"The frenzy for tech stocks is back with a vengeance," he growls. "Only the most volatile risky stock groups can quench the thirst of the hyperventilating tech buyers, as they've driven the semiconductor stocks and Internet stocks into the stratosphere."

Rick Rule, at the NYC show this past week, had similar comments about gold stocks. However, while he see them far ahead of themselves, he still them higher after a correction. He was one of the least bullish (on gold) gurus at the show but he was/is still looking to provide PP money for Juniors with the right projects.

This is the first issue of Barron's for a long time in which gold was the subject of the Commodities Corner. The discussion wa primarilty about the likelihood of the "Washington agreement" being extended. The concensus of those gurus quoted was that it will be extended but it was not clear where they expected the POG to go near term but I sensed a bullish bias.

The GMI/POG ratio:

On 09/11, the Barron's GMI was at 609.10, up from the previous week's 594.05. With the POG also up at 378.25(09/12) the ratio was unchanged at 1.61, the highest it been in this cycle.

A year ago the ratio was 1.38.

Cheers,
Larry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News