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

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To: Richard Mazzarella who wrote (162)5/2/1998 1:18:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard,

Barron's GMI was 463.14 on 4/30, down significantly from 487.85 last week. With the POG at 306.90, the ratio is 1.51, also down significantly. However. the indicator is still in the neutral zone.

Thank you for posting your reading of the Forecaster. I was pleased to see that gold held above 300 and that the XAU recovered a bit at the end of the day Friday. I expect announcements concerning the EMU could have a major impact next week.

Cheers,
Larry
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