SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry S. who wrote (839)2/13/2004 5:36:12 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 Steve Leuthold, in an interview was quoted as being bullish of base metals and silver.

Lease rates have fallen to record levels. The one-year rate was reported by Kitco as 0.22 percent today. It is clear that the CBs are doing all they can to make gold available to lease and sell into the market to cap the POG. I assume that they fear inflation and are doing all they can to hide the likelihood of it.

The GMI/POG ratio:

On 02/05, the Barron's GMI was 626.46, up from the previous week's 614.19. With the POG up at 404.25(02/06) the ratio was essentially the same at 1.55.

The ratio a year ago was 1.31.

Larry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext