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

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To: Richard Mazzarella who wrote (264)12/15/1998 6:59:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard, et al,

Barron's GMI was 362.62 on 12/10, up from 346.86 last week. With the POG down slightly at 290.80 (12/11), the ratio was 1.247, up a bit from last week's 1.187.

I didn't notice until I started to post this that I missed last week's GMI. I guess the lack of action by PM's or their stocks had gotten to me but this is a busy time of year. It was a bad week to miss as it yielded to lowest ratio, and therefore the most bullish, that I recall this year. Let's hope that it is signaling a better year in 99.

Cheers,
Larry
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