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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 (564)3/31/2001 10:40:16 PM
From: Larry S.  Read Replies (1) | Respond to of 972
 
Dan, et al,

FWIW, I didn't find anything is Barron's this week concerning PMs specifically but there was a couple of comments suggesting the commodities will not do well in 2001. One was in an interview with a Don Hays, who has a pretty good record. He is looking for the market to recover significantly before going to new lows.

I missed posting the GMI/POG ratio last week so I will include last week's data along with this week's ratio:

On 3/22, the Barron's GMI was 282.23, down significantly from the previous week's value of 290.28. With the
POG up to 262.85 (3/23), the ratio was down to 107. However, the ratio continued higher than a year previously,
when it was 1.06.

On 3/29, the Barron's GMI was 270.77, down significantly from the previous week's value of 282.23. With the
POG up to 257.70 (3/30), the ratio was down to 105. However, the ratio continued higher than a year previously, when it was 1.03. I looks like we may be heading for a test of the low made earlier this year.

Cheers,
Larry