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 (918)	4/12/2005 5:36:08 PM
From: Larry S.	Read Replies (1) of 972

Wade & Dan et al, I picked up a bug after coming home from visit to my Son's family in CA and missed week's data. Sorry! But, we seem to be in a consolidation and the GMI ratio bit doesn't appear to offer any help in figuring out where we are or are going. As with my last post, I haven't noticed anything in Barron's recently of particular significance to PMs nor have lease rates told me anything. They are just very very low. 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 3/31, the Barron's GMI was 641.80 down from the two week's prior 685.11. With the POG down at 427.15 (4/01), the ratio was down at 1.50. On 4/07, the Barron's GMI was 636.80 down from the two week's prior 641.80. With the POG down at 425,29 (4/08), the ratio was unchanged at 1.50. 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. The ratio a year ago was 1.57, reflecting the fact that the optimism in the markets was slightly greater than today. Larry

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