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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (219)8/2/1998 1:54:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard,

Barron's GMI was 348.35 on 7/30, down from 354.98 last week. With the POG down slightly at 288.85 (7/31) the ratio was 1.206, essentially the same as last week. It continues at the bottom of its range since you started this thread and is therefore the most bullish; though it may only be of long-term significance.

Thank you for calling my attention to the Gold Forecaster again. I read it as stort- and intermediate-term bullish and on the verge of giving longer-term buy signal. Perhaps you would correct me if you have a different understanding. I note that Auger, the Elliott Wave type, has turned veeeeeeeeeeery bearish and is projecting a continued decline in the POG and the XAU. His projection sure doesn't help your sleep if you are holding stock precious metals companies.

Cheers,
Larry
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