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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Broken_Clock who wrote (6258)	1/19/1998 11:38:00 PM
From: paul ross	Read Replies (2) of 116764

I don't believe its a trading index, just a group of stocks Barrons put together, I'm not sure even what stocks are in it. I was trying to get some info so I could relate it to an article that was posted here a while ago and I'm just getting around to reading now: essextrading.com It suggests that the Gold Mine Index/POG ratio less than 1.20 indicates a great buying oportunity for gold mutual funds.The last figures I have for the index are around 8 Jan with the index @ 349.24. Dividing by the POG of around 280 we get a ratio of about 1.25 - not too far from 1.20. PR

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