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 (325)	3/14/1999 5:57:00 PM
From: Larry S.	Read Replies (2) of 972

Richard, et al, Barron's GMI was 329.91 on 3/11, up significantly from 310.66 the previous week. With the POG up to 292.50 (3/12), the ratio is 1.128, up from last week's 1.079. 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. Richard, you must feel pretty good about your sale of RYPMX given what went on the latter part of the week. What chart (hourly, daily, weekly, etc.) are you using and what bollinger band parameters. I looked at all three and get different results as you would expect. The weekly chart looks bullish, bounced off the lower bollinger band, the daily chart looks bearish, showing that it has bounced off the upper band and hourly chart looks bearish as it looks as though it will ride the lower band down further. I'm not sure what any of it means. Cheers, Larry

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