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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (456)	2/19/2000 10:27:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, I noticed in Barron's this week that Precious metal funds dropped to second place this past week; second to Biotech. It is also interesting that the "Commodities Corner" in Barron's this week included a discussion of gold and PGMs. It is suggested that Palladium may see a price of $1000 soon. Now, the update of the GMI/POG ratio: On 2/17, the Barron's GMI was 346.41, down from the previous week's 365.43. With the POG down to 303.55(2/18), the ratio was 1.14, down from the previous week's 1.17. A year ago the ratio was 1.08. The low ratio in the face of an improved POG suggests continued pessimism in the market - crawling a wall or worry. Cheers, Larry