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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (232)10/4/1998 7:04:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard, et al,

Barron's GMI was 400.46 on 10/01, up significantly from 383.90
last week. With the POG up to 300.80 (10/02) the ratio was 1.33, up significantly from last week's 1.288 and still strongly suggesting
that gold stocks will be a lot higher by the Fall of 99.

While it appears that interest in this thread has dropped to essentially zero, I will continue posting the ratio to give us a record.

For what it is worth, Sherly Einhorn has devoted her column this week to gold and paints a generally bearish picture based primarily on the argument that we are looking at an outbreak of deflation, not inflation. However, she mentions that Arnold of Merrill Lynch the perennial gold bear has covered his shorts and has turned positive on gold.

Cheers,
Larry
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