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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (153)4/25/1998 6:37:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard,

Barron's GMI was 487.85 on 4/23, up a significantly from 448.60 last
week. With the POG at 313.15 the ratio is 1.56, also up significantly. I guess you would say the the indicator has moved into the neutral zone.

Thank you for posting your reading of the Forecaster. Have you looked at Auger's comments today? He is calling for a correction in the XAU down to 83 or so followed by another move up before a major decline. He seems to have pulled back from he view that gold would bottom at $220 and is talking about 280 being the low. I will be very interested to see what the forecaster says about the longer term if/when we get a further move up.

Cheers,
Larry
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