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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 (469)	3/26/2000 11:43:00 AM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, There was essentially nothing said about PMs in Barron's for the third week in row. Unrelated to Barron's, I did notice that Auger, the Elliott Wave guru, is projecting a sharp drop in the POG near-term followed by a rise to the $350 level. If he is right, it should be a very pleasant Summer. Actually, I don't see how it could stop at $350, if it gets near that price, with the magnitude of gold loans that must out there and would be under water at that price. On 3/23, the Barron's GMI was 301.28, down from the previous week's 307.46. With the POG up to 284.85(3/24), the ratio was down again at 1.06. A year ago the ratio was 1.12. While history suggests that this low ratio is a strongly bullish indication for the next year, as you can see the indicator has not had a very good record during the past year or so. Cheers, Larry