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: Wade who wrote (932)	7/4/2005 10:47:15 PM
From: Larry S.	Read Replies (1) of 972

Wade & Dan et al, Barron's Commodities Corner this week was a bullish projection for copper. One of the arguments made is that the inventories are low and falling. I the view is correct, it would suggest that our economy will hold up through the end of the year and the dollar with remain strong. The latter is consistent with the view that PMs aren't going to move up until 2006. This seems to be the view of a lot of gurus. Gold lease rates continue to be very very low but aren't telling me anything. So; I will get on with posting the Barron's GMI info for the past two weeks The GMI/POG ratio: On 6/23, the Barron's GMI was 628.21 up from the previous week's 634.18. With the POG also up at 440.59 (6/24), the ratio was down at 1.43. On 6/30, the Barron's GMI was 635.91 up from the previous week's 628.21. With the POG down at 432.60 (7/01), the ratio was up at 1.47. The ratio has moved up in the middle range but it doesn't suggest strongly a rise or drop in the POG. It is clear that there is little speculation behind the price of stocks at this time. The ratio a year ago was 1.47.

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