Precious Metals mutual funds (gold, silver, PGMs) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry S. who wrote (919)	4/25/2005 9:05:01 PM
From: Larry S.	Read Replies (1) of 972

Wade & Dan et al, I'm late again posting the GMI ratio stuff but, as I noted two weeks ago, 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. 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 4/14, the Barron's GMI was 591.57 down significantly from last week's prior 636.80. With the POG down a little at 424.60 (4/15), the ratio was down at 1.39. On 4/21, the Barron's GMI was 603.45 up from the prior week's 591.57. With the POG up at 434.60 (4/22), the ratio was unchanged at 1.39. 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 1.47, reflecting the fact that the optimism in the markets was slightly greater than today. Larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next