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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 (719)	4/6/2003 9:55:22 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, Well, it looks like the bottom wasn't in. The POG is down to 321 tonight (Sunday, April 6) I didn't see anything relative to PMs in Barron's this week and Kitco only updated lease rates this past Monday and Friday. The one-year rate was down to 0.43 % Monday and was 0.44 % Friday. However, Friday's data indicates that it was up to 0.53 % during the week. The data isn't adequate to be sure but it is consistent with leased gold being used to drive the price down; though the changing situation in Iraq may be the real reason for the fall in the POG. The GMI/POG ratio: On 04/03, the Barron's GMI was at 421.61, up from the previous week's 404.45. With the POG down at 323.80(04/04), the ratio was up significantly at 1.30. The ratio a year previously was 1.33, the second week in a row that it was higher than today. Cheers, Larry