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 (842)	2/22/2004 11:17:56 AM
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, in an interview of Walter Deemer (long Wall Street Career and now author of his newsletter, Market Strategies and Insights) makes a strong case for the bull market in basic materials including PMs continuing for at least two more years. Lease rates are back to suggesting the use of leased gold to cap its price. The one-year rate jumped back up to 0.37 this past week from 0.21 percent when the POG was driven down. However, it seems unlikely that it is the major source of pressure on the POG these days with Japan buying dollars like crazy to hold the price up. The GMI/POG ratio: On 02/19, the Barron's GMI was 665.36, down from the previous week's 672.44. With the POG also down significantly at 405.25 (02/20) the ratio was up at 1.64. The ratio a year ago was 1.33. Larry

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