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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (232)9/13/1998 9:37:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard, Dan and others,

Barron's GMI was 357.78 on 9/10, up from 317.44 last week. With the POG up to 293.35 (9/11) the ratio was 1.22; while up significantly, still in very bullish territory and strongly suggests that gold stocks will be a lot higher by the Fall of 99.

I agree that this Barron's GMI indicator has never seen a world wide deflationary spiral and I fear that we may see lower values of the ratio over the months ahead. However, it is encouraging that precious metals funds have been among the best performers since the first of the year and that gold has recently been showing signs of life. But, I'm not an expert. I just read Barron's and report.

Cheers,
Larry
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