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


To: Larry S. who wrote (583)7/23/2001 9:33:30 PM
From: Larry S.  Read Replies (1) | Respond to of 972
 
Dan, et al,

FWIW, I didn't notice any mention of PMs in Barron's this week but Epstein suggested that AG " met the enemy and he is him" - he provided the easy money that created the bubble. To regain an understanding of the principles involved, he suggests that AG read the treatise "Gold and Economic Freedom," he authored, which can be found on gold-eagle.com greenspan041998.html. He also suggested that AG will be successful in keeping the economy out of a recession but that inflation will be more of problem than AG suggests. The later could mean higher gold prices.

The GMI/POG ratio this week::

On 7/19, the Barron's GMI was 307.94 up from the previous week's value of 306.11. With the POG up to 269.70 (7/20), the ratio was down to 1.14

The ratio a year previously was 0.94.

Cheers,
Larry