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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 (464)	3/4/2000 11:03:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, Thanks Dan for your comments. The only item in Barron's this week that may be of interest is an article by Sy Harding, a gold bull, in which he discusses some old-fashioned analysis that suggest the broad market is in for a major fall. However, he doesn't mention PMs. On 3/02, the Barron's GMI was 304.02, down from the previous week's 323.28. With the POG down to 288.50(3/03), the ratio was 1.05, down from the previous week's 1.10. A year ago the ratio was 1.08. While history suggests that this low ratio is a strongly bullish indication for the next year, as you can see the indicator has had a very good record during the past year or so. Cheers, Larry