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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 (735)	6/29/2003 11:27:02 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, Dan, you may well be right. A bullish article in Barron's is most likely to signal a bearish move in the POG. However, the dollar looks over bought and gold looks over sold. In any event, I didn't see anything significant about PM is BArron's this week; thought Abelson presented some factual info that suggests the economy isn't going to do as well as the majority seem to expect. And, a failure of the economy to move up will adversely impact the dollar and that, in turn, should result in an increase in the POG. I couldn't read much into Kitco's lease rate info this past week. The GMI/POG ratio: On 06/26, the Barron's GMI was at 501.63, down from the previous week's 530.21. With the POG also down at 345.50(06/27), the ratio was down slightly at 1.45. A year ago the ratio was 1.41. Cheers, Larry