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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 (720)	4/16/2003 9:22:47 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, I didn't see anything relative to PMs in Barron's this past week but Kitco has updated lease rates enough to see that the selling of leased gold is still a major factor is holding the price down. The correlation of increases in lease rates with decreases in the POG is not as good as a few months ago but adequate to indicate that the selling of leased gold is a factor in holding the price down. Today the lease rates were updated to show a significant decrease in the one-year and six-month rates and the POG was up. The GMI/POG ratio: On 04/10, the Barron's GMI was at 441.92, up from the previous week's 421.61. With the POG up at 324.80 (04/11), the ratio was up at 1.36. The ratio a year previously was 1.36, the same level as today. Cheers, Larry