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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (57)3/28/1998 2:31:00 PM
From: Larry S.  Read Replies (2) of 972
 
Richard,

Baron's GMI was 416.81 on 3/26, up substantially, as expected, from 373.87 last week. With the POG at 310.95, the ratio is 138, up substantially from last week's 1.28.

I'm still working to get a clear understanding of The Forecaster and appreciate very much your posts of what it is saying.

It may be of interest that Auger, the Elliott wave Guru, has update his Website and is saying that the XAU will move up near or intermediate term but he seems to be projecting a major decline after a peak in late April or early May. It may also be of interest that Armstrong's (PEI Website under Global Market View) latest projections seem consistent with The Forecaster. His latest projections for silver also relatively bullish both and short and long term. However, he still has his very bearish dissertation on Silver ("Silver Squeeze") on the Website. I assume everyone that is interested has the Websites for Auger and Armstrong already bookmarked.

Cheers,
Larry
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