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 (346)	3/20/1999 11:56:00 PM
From: Larry S.	Read Replies (3) of 972

Richard, et al, Barron's GMI was 314.77 on 3/18, down from 329.91 the previous week. With the POG up to 283.70 (3/19), the ratio is 1.11, down slightly from last week's 1.128. It continues at a level that is nearly off the chart and, based on the date referenced in post 10, it is in the range of values that strongly suggest the XAU will be substantially higher within a year. I looked a the XAU charts again and I noticed that the weekly charts indicates that, while it been hanging around the lower Bollinger band, it jumped off the lower band this week with a hanging man candle stick pattern. This would make both the daily and weekly charts equally bullish. Is this the way you would read them Richard? Cheers, Larry

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