Precious Metals mutual funds (gold, silver, PGMs) Message Board

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

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To: Richard Mazzarella who wrote (221)	8/16/1998 6:16:00 PM
From: Larry S.	Read Replies (1) of 972

Richard, Barron's GMI was 321.87 on 8/13, down from 337.52 last week. With the POG down slightly at 284.40 (8/14, note that the Barron's quote was 274.40, which I assume is an error) the ratio was 1.13, making this the second week in a row that the ratio was at a new low. It is therefore the most bullish since you started this thread. While it may only be of long-term significance, it suggests strongly that gold stocks will be a lot higher by mid 99. Incidentally, I sent and email to the gold forecaster (E Brenner) asking about updates and he responded by saying he just wanted to see if anybody cared. He also said the system will soon be moving to investormall.com. I see that it still hasn't been updated. Cheers, Larry

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