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: Dan P who wrote (815)	12/3/2003 11:44:44 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, The Commodities Corner in Barron's this past week was a very bullish story about Platinum. The key argument was the need for platinum in CCs for diesels, which are very popular in European cars. The lease rate action for gold is interesting. With gold holding over $400 and continuing to rise a little, one would expect rates to fall indicating that leased gold isn't being used to cap the price. But rates are essentially unchanged. The GMI/POG ratio: On 11/27, the Barron's GMI was 715.46 up from the previous week's 691.01. With the POG up at 396.00 (11/28) the ratio was up at 1.81. The ratio a years ago was 1.23. Larry

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