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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Wade who wrote (874)9/6/2004 10:16:01 PM
From: Larry S.  Read Replies (1) of 972
 
Wade, et al,

Sorry for being so slow in responding. I agree. It seems clear that Flores allowed his job to influence his view of the POG

I missed another week so I will post the GMI info for the past two weeks below. I don't recall anything of significance to PMs either of the past two weeks.
Lease rates continue bounce along at very low levels suggesting to me that CBs are concerned about inflation.

The GMI/POG ratio:

On 08/26, the Barron's GMI was 608.46, up significantly from the previous week's 547.40. With the POG also up at 405.10 (08/27), the ratio was expanding at 1.50.

On 09/02, the Barron's GMI was 617.28, up from the previous week's 608.46. With the POG down at 401.15 (09/03), the ratio continued its expansion at 1.54.

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 1.58. The GMI was 594, while the POG was 375.80.

Larry
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