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 (865)	7/14/2004 9:39:52 PM
From: Larry S.	Read Replies (1) of 972

Dan, et al, There weren't any articles in Barron's this week directed at PMs. Lease rates are essentially at their all-time lows. It is not clear to me that daily movements correlate (inverse) with changes in the POG as they had for the past year but the very low rates make it clear the CBs are giving it away and this can only be to keep the price down. The GMI/POG ratio: On 07/08, the Barron's GMI was 595.29, up from the previous week's 564.56. With the POG also up at 406.50(07/09), the ratio was up at 1.46 The ratio continues in the middle range where it doesn't suggest a rise or drop in the POG. The ratio a year ago was 1.47. Larry

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