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 (841)	2/16/2004 11:03:33 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. However, Donlan's Editorial on FED and fiscal policy concluded with "the markets threaten to grind the dollar to powder". He could have said that they threaten to push gold towards $500 and beyond. Lease rates fell to another record low. The one-year rate was reported by Kitco as 0.21 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 02/12, the Barron's GMI was 672.44, up significantly from the previous week's 626.46. With the POG also up significantly at 416.00(02/13) the ratio was up strongly at 1.62. The ratio a year ago was 1.33. Larry

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