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 (831)	1/5/2004 10:51:03 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There wasn't anything in Barron's this past week particularly tied to PMs. However, the CNBC types are all over the prospects for them, most bullish. Kudlow even acknowledged that gold may move up a lot further but he is now claiming that it's move isn't signalling a rise of significance in inflation. James Turk also came out with another bullish projection that gold with surpass its previous high this year. The GMI/POG ratio: On 12/31, the Barron's GMI was 700.17 up significantly from the previous week's 675.82. With the POG up at 415.20(12/31 - not from Barron's) the ratio was down at 1.68. The action of the ratio this week supports the view that the correction has ended and that gold will resume its move upward. The ratio a years ago was 1.43. Larry

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