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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 (738)	7/19/2003 10:05:57 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, I didn't see anything of direct significance to PMs in Barron's this week. And, while lease rates continue to suggest that leased gold is being sold into the market to suppress the price, the movement of rates this past week didn't say anything special. It is clear that CBs are almost giving it away as the one-year rate is about 0.30%. The GMI/POG ratio: On 07/17, the Barron's GMI was at 489.81, down from the previous week's 505.17. With the POG up at 344.35 (07/18), the ratio was down a little at 1.42. A year ago the ratio was 1.33. Cheers, Larry