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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Richard Mazzarella who wrote (288)2/21/1999 12:41:00 PM
From: Larry S.  Read Replies (1) of 972
 
Richard, et al,

Barron's GMI was 312.25 on 1/18, down from 317.89 the previous week. With the POG down to 286.35 (2/19), the ratio is 1.090, down slightly from last week's 1.099. It continues at a level that is nearly off the chart and in the range of values that strongly suggest the XAU will be substantially higher within a year. See post 9 on this thread for a reference to data on which this is based.

Cheers,
Larry
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