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 (917)	3/20/2005 10:49:12 PM
From: Larry S.	Read Replies (1) of 972

Wade & Dan et al, I haven't noticed anything in Barron's recently of particular significance to PMs nor have lease rate told me anything. So; I will get on with catching up on my posts concerning the Barron's GMI for the last two weeks. The GMI/POG ratio: On 3/10, the Barron's GMI was 678.36. up from the prior week's 658.62. With the POG similarly up at 443.70 (3/11), the ratio essentially unchanged at 1.53. On 3/17, the Barron's GMI was 685.11 up from the prior week's 678.36. With the POG down at 437.15 (3/18), the ratio was up at 1.57. The ratio continues in the middle range where it doesn't suggest a rise or drop in the POG. It is clear that there is very little speculation behind the price of stocks at this time. FWIW, this conclusion is at odds with the comments of Rick Rule at the Toronto show two weeks ago. He suggested that they was a lot of froth in the market. The ratio a year ago was 1.60, reflecting the fact that the optimism in the markets was slightly greater than today. Larry

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