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 (782)	10/22/2003 3:37:37 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, I didn't find anything very interest in Barron's this week except in a letter to the Editor responding to comments the previous week about silver. The letter provided arguments for the bullish case but nothing new. Lease rates are more interesting but erratic. The rates had been falling the past few days, which would be consistent with the rise in the POG (gold not being leased for sale). But today the rates jumped after yesterday's jump in price. It is not clear to me what it means but it could well be that the CBs are reducing the supply. The GMI/POG ratio: On 10/16, the Barron's GMI was at 622.86(12-month high), up from the previous week's 603.65. With the POG down at 370.50 (10/17) the ratio was up at 1.68. The ratio a years ago was 1.14. Larry

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