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

To: Richard Mazzarella who wrote (555)	3/11/2001 5:47:09 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, et al, FWIW, I didn't find anything is Barron's this week concerning PMs. This was a surprise considering the action in the markets this past week, as reflected in Julius Wong's posting. Epstein again devoted his Economic Beat Column to supporting his view that we are not headed for a recession, at least in the near term. It may be on interest that Auger, the Elliott Wave guru, believes the recent action in the gold market signals the end of a correction of the down trend and is looking for the low for gold and gold stocks near the end of April or later. If he is right, we should see the lease rates start to fall back tomorrow. The lease rates should tell us if the recent action is the start of something big or just a tease. The GMI/POG ratio continued moving up this past week: On 3/08, the Barron's GMI was 321.99, up from the previous week's value of 304.92. With the POG up to 269.80 (3/09), the ratio was up at 119. This is the first time in many months that the ratio was higher than a year previously. A year previously the ratio was 1.08.. Cheers, Larry