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 (836)	1/19/2004 10:49:01 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There wasn't anything in Barron's this past week focused on PMs but Part I of Barron's Round Table included some interesting comments. There is a clear consensus that the market will move up during the first half of 04 and that there is be change after the election. Several participants believe the dollar could rally from here but there seemed to be a consensus that it has further to fall longer term. Only Gabelli suggested that this would not be a problem. Neff believes Commodities will suffer a major hit sometime during 04; since Hedge Funds are betting big time on a continued rise. Faber worries that China suffer a slow down at some point and hurt Commodities and is convinced that the US is headed for serious economic problems. I think the consensus is that Commodities are a good bet over the next 5 years - my words. The GMI/POG ratio: On 01/15, the Barron's GMI was 626.38, down significantly from the previous week's 705.97. With the POG down at 408.40 (01/16) the ratio was down significantly at 1.53. The ratio a year ago was 1.38. Larry

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