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 (781)	10/22/2003 3:19:17 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, For some reason I couldn't post this last week but I saved a copy. It follows: This week's [10/13 issue] Barron's included an interview with James Turk, the founder of Goldmoney.com. He discussed his reasons for believing the gold will fly during the next few years. While he doesn't mention anything new, it is a very interesting read. He expects the POG to be above $400 by year end but he is not as sure of the timing as he is that it will move much higher over the next few years. Nicholas Elliott discusses, in a separate article, the fact that funds are putting more money into commodities on the assumption that they will do well over the next few years. This has got to be very bullish for commodities and PMs. The recent absence of the inverse correlation of lease rates and the POG seems to have continued; though Kitco's reports are intermittent. I don't know what to make of the action. The GMI/POG ratio: On 10/09, the Barron's GMI was at 603.65, down from the previous week's 612.18 (12-month high). With the POG down at 372.30 (10/10) the ratio was up slightly at 1.62. The ratio a years ago was 1.13. Larry

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