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 (778)	9/29/2003 10:54:44 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, Barron's Commodities Corner was devoted to silver this past week and provided slightly bearish view. The fact that it was mentioned is probably an indication that it will move higher. The moves in the lease rates continue out of step with the pattern of the past couple of years. As I mentioned last week, they could be telling us that those who were leasing gold to sell into the market to cap the POG have given up? Sinclair has been arguing that they were about to lose and perhaps the relatively random movement in lease rates is supportive of this view. The GMI/POG ratio: On 09/25, the Barron's GMI was at 603.44, up a little from the previous week's 602.31. With the POG up at 382.70(09/26) the ratio was unchanged at 1.58. A year ago the ratio was 1.24. Cheers, Larry

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